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I don't know about 16K but I met someone a few months ago who paid 5K for an intensive week long all day course on how to be a day trader. While I was impressed by how much he learned from it, it wasn't anything that he couldn't have picked up from 1/2 a dozen good books and a few months of...

Ditto this but if time until expiration was short, it could be the 27.5 call if it existed. Another way to look at it would be the lowest near month strike OTM call that is available for .05 cents.

Buy books (physical or virtual) Borrow books (library, friends, kleptomania)) Google (web search any topic) FWIW, Kindle download is free for your computer and you can preview the first few chapters of a book for free

Take $500 of the 20g and buy some good trading books and subscribe to a few trading magazines. Read them thoroughly and paper trade every idea you read or can think of. Take $4,500 along with the wife, significant other or mistress off for a nice vacation. You might need a few more $$ if you...

In order to achieve the maxiumum profit of a vertical spread, you're going to have to be very close to expiration or very far OTM, or some combination of both. To see this, get hold of some historical quotes and graph a spread in Excel or use an option program that will chart the position...

Profit objectives and risk tolerance (stops) are an individual and arbitrary decision. To me, it would make more sense to run a trailing stop, giving you the opportunity to let your profits run at a fixed risk (assuming no gap down). And no, this isn't the 10 bagger board. That's over on...

Premium goes to the beach on Saturday and to church on Sunday.

LOL. Sounds like 1/2 the ET posts I read :)

OK, this went over my head. What does Chuck Norris (the actor?) have to do with trading. Apart from that, IRL, he's a friggin' AH.

Man, she sure is one hot chick! :)

I thought it took at least 2 weeks to learn how to trade successfully. But I'm going for the big bucks. I'm going down to Guadalajara for the 4 week course to become a neurosurgeon! :D

I'm afraid to ask but I can help myself. Where is your hand now??? :)

Is it a coincidence that the tracking period starts in May of '09 when conditions became ideal for selling premium? (see 2nd data list) A naked straddle strategy would have been smacked in '08 despite the higher IV. In order to have broken even, the average straddle premium received would...

Everything works until it doesnt then it's LOOK OUT BELOWWWWWWWWWWWW !!!!

I thnik you answered your own question. If you want to get filled no matter what, aka get in and out fast, you have to trade at the bid/ask. If you are willing to risk more in order to make more, you can work the order.

Pardon my redundancy but the best way to trade with TD is to click the TRANSFER ACCOUNT button. :)

I'm trading Iraqi stocks based in dinars so that if it isn't that much, they're cheap enough to burn :) :D :p

My mention of arrogance, etc. was a generic comment about some of the traits you experience on ET and other BB's. I had no problem with the original post since I'm not much older, retired and paying the bills from my trading and investments. I think that trading doubt and reassessment is a...

FWIW, 78.2% of the statistics cited on ET are correct and the remaining 43% are not ! :)

Xflat aka Xflat, Thanks for the kind words but the personal apology wasn't necessary since I didn't take a fence. It just seemed like you were having a really bad hare day (the rabbit died) and were projecting, very unlike you. Like all trading BB's, ET is contains rudeness, ignorance...