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The CBOE offers a free option calculator in its OPTIONS TOOLBOX which can be downloaded at: http://www.cboe.com/LearnCenter/Software.aspx

Maybe you should wait a month or so before taking the position? (wink)

No one is going to be able to discern what kind of trading is best for you. They'll tell you what you should be doing but that's no more than what THEY think you should be doing. You have to figure out the kind of moves (or lack thereof) that you're identifying and select the appropriate...

I would have asked for $2,000 back from the con man. If his answer was "No" I would have invested another grand in an arsonist. Satisfaction guaranteed :)

If you want your own feedback, send yourself an E-mail. If you're posting them for yourself, don't respond to other posters. If the replies are of little interest yo you, why are you responding to them? If you can't control yourself, use ET's handy dandy IGNORE button.

So the risk involved in buying stock justifies a bad option position? Interesting way to rationalize an option position.

Interesting twistiness. No one is suggesting that you make bigger bets with smaller probability of return. The statement was that you have no expectation of any return in the next few months. If you don't like the facts, ignore them.

Apparently they change is the wrong conclusion. What you posted above is the proper relationship, eg. near term month is worthless and pct yield decreasing over the coming months. You got it wrong in your previous post. Using the stale inaccurate quotes of Yahoo, etc. will also give you bad...

As you noted, there is no time decay payoff for quite some time in a 400 day iron condor, particularly when the net credit received is $45. Chasing small premiums and ignoring time risk is reincarnated monkey business.

Double check your calculations. Bull spreads do not increase in percentage yield across the board as time lengthens.

There are no free lunches so the TOS article is dead on. I won't swear that there's no possible hidden catch in the 1/1.50/2 put butterfly but I can't think of one. Ignoring the credit, the spread has a $ of risk and a $ of reward outside the strikes. That's a given. But even if there is...

Near trem spread has higher delta so $ return higher and % gain higher higher since lower cost.

What ignorance? You cited a butterfly for a credit. The only risk would be if done for a debit. The "I want your kidney" borrow charges only apply to short stock.

Borrow rate is 113% at IB. Nice gig if you can get it :)

I think that's called a LIVE TRADE on Elite Trader :)

If it goes nowhere, the straddle loses. If you keep buying straddles every time you breakeven on the previous straddle (intrinsic value), if the underlying retraces (w/o a big move), you lose. You're always going to need movement away from strike to break even on your last straddle...

"What am I missing excluding commissions?" Nothing. But can you get filled at those prices?

The statute of limitations is usually 3 or 6 years for fraud, depending on the what the violation is. However, there is no statute of limitation where no return has been filed or where a fraudulent return was filed.

" In order to qualify for a reward, a whistleblower must provide information on tax fraud or tax underpayments that exceeds $2 million in tax, penalties and interest. In addition, the income of an individual taxpayer who owes tax that has not been reported under this program must exceed $200,000...

Golly! If you want some attention (replies), put a catchy title on your post. Maybe something like: "Options is the best trading tool to double your income by yesterday!" :)