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If you're doing positions that have multiple ways of entry, set up all possible combos and use IB's price alerts to work the order. For example, a pair of calendars (puts and calls) would be the same as a pair of straddles or strangles (depending on if same or different strikes). Very...

I'd like a complex option position that makes a lot of money if the stock moves a lot but doesn't lose if it doesn't, has narrow B/A spreads, good liquidity, gives better than midpoint fills and closes itself at the maximum profit point :) Reality is, no such position exists. Risk and reward...

Double flies for an EA are like trying to do precision bombing from 10,000 feet on a cloudy night without radar. You need the underlying to move only an exact amount in either direction. That's a tough one. IMO, a better choice is something where the larger the move, the better the tails do...

I don't think the projections are going to be that accurate for the Senate this year because there are more wild cards than usual. In Nevada, will voters prefer Harry Reid who they detest or the wacky Sharron Angle? Tough to determine the Murkowski's effect in Alaska since it's hard...

No, he's the VP candidate on the Pat Paulsen ticket.

It's a bit the cart in front of the horse but when you are a bit more familiar with options, take a look at gamma scalping - assuming that nekkid straddles is still your MO. While not a noob topic, it does provide a degree of hedging.

And then there's the Super Bowl indicator :)

Lucky? I'm going to assume that you mean the priice stays between the strike and the underlying because it would be tough to stay "inbetween the strike price" of a straddle :) 1) What happens if your stop order gets a bad fill because the underlying gapped? 2) If you hedge a breached...

If option near expiration, have lee-tle time premium. If lee-tle time premium, have lee-tle time decay affect the pricing.

Generally: Them that can, do. Them that can't, teach (or sell subscriptions)

More along those lines, knowing yourself is also important. Drink too much last night? Getting over a head cold? Out of sorts because of a quarrel with the missus, the kids? Distracted by some other reality of life? Trade when your head is all there. Take the concentration drugs on the...

No, I would not backtest more. I would sim trade live and see if the results are similar. If so, start trading small and size up as you become more confident in your system and get gains under your belt. AFAIK a system is only half the battle. Your money management is also key to your success.

Try some Kinky Biloba. If it doesn't give you some mental clarity, at least you'll feel friskier :)

Now you know how to trade a bear market :)

So how was the experience of learning how to make license plates? :)

I think you need to type in BUY for the ones going up and SHORT for the ones going down. :) Seriously, not sure I understand your question. There are many individual oil and bank stocks with options.. In addition, there are a bunch of ETFs as well, some leveraged. For oil, USO, OIL, OIH...

I think that your upside is problematic because with twice as many puts as calls, the put debit is going to prevent an upside profit unless you're in the upside sweet spot range *AT* expiration. With a more balanced position, you'd have a chance to profit in either profit zone the AM after...

Garic the Clown regularly posts these moronic conclusons of his about all daytraders losing money. Save yourself some time and avoid trying to convince him that some can and do make money trading.