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Whatever the strategy, if the underlying cooperates, you're going to make money. If you're lucky enough to time the adjustments correctly, you'll make more. Pyramiding the position will make even more and more and more ... until one day it blows up. They all do sooner or later. It's how you...

Good advice to droid and there's nothing you wrote that I disagree with. But IMHO, I don't think of a slightly better fill as a significant edge. I think selecting the right strategy for the circumstances (timing) to be an edge. A better fill on a calendar is a Pyrrhic victory if the...

The problem I'm having with your strategies is that you're proposing them as if you're getting something for nothing... IOW, selling some OTM calls to finance add'l ITM calls. All you're doing is taking a larger position at an increased cost. Here's a hypothetical example. Suppose I...

What position has "stock that was in the money" where you could "sell the shares for a profit" and "can choose to exercise the calls if you want or just sell them" ?? I'd suggest that you consider getting away from long stock CC positions and use ITM calls instead of the stock. You may give...

Interactive Brokers charges 70 cts per contract (less if the option is 5 or 10 cts) and 1/2 a ct per share (50 cts per 100 shares). Assignment and exercise are free... all subject to a $1 minimum commission. Last I knew, there was a $10 per month data charge if you don't generate $30 in...

I think you're making this way more complex than it is. If dollar neutral means there's a net credit for the entire position, the long call will not have to be "very" OTM. If the spread is ITM, the long call will be less than 2 strikes out. Commissions are a distraction. They aren't a big...

If the positions listed are correct then their software needs a swift kick. At $14.95 per trade, one should be a buy and hold investor! That's an awful lot to overcome as a one lot trader.

Three factors will affect a straddle: underlying movement, IV change and time decay. Price movement is likely to be the number one factor unless the underlying trades sideways. Then IV contraction and time decay will get you (assuming you're long). Near term options have higher delta...

You're combining a mildly bullish position (the spread) with a bullish position (the call) while increasing your downside risk a bit, creating a blended position. Now all you need is an up move :)

Chances are, a conditional order might do the trick. You can't predetermine the actual risk/reward of an option position to be taken in the future since you don't know when it will occur (possibly determining the month you'll buy), you haven't selected a strike nor do you know what the price...

What you do going forward depends on what you think/hope the underlying might do. There's nothing wrong with taking a profit now, particularly if you think the current move is extended. If you think that the underlying will continue to move, roll the winning side out a strike to book its...

That makes perfect sense if you take you position and the market falls today. But in the real world, that rarely happens. Regardless of the vehicle you choose, you might first consider determining how much your position will lose each month if the DOW trades in a box or continues rising...

Well you know, if it takes 7 days for your move to develop, wait 5-6 days before taking your position :)

That's a good example of incorporating a mental stop loss and money managment with a trading plan... do something to moderate the losses while getting an occasional runner.

I think authors should spend more time on getting the direction right and risk management. If you buy a 90 delta call, you have very similar risk to the immediate downside as with the underlying. How far out you buy creates another problem. The further out you go, the lower the delta. If...

If you're good at predicting price movement of different markets then widening your stops a bit shouldn't be catastophic.

If you trade well, stocks are better. If you need time decay to take the edge off your less than ideal timing, options may be better.

Tho your question was not addressed to me, other than earnings plays, for the most part I trade underlyings rather than the options because there's less to fight. No IV, no delta, narrower spreads, more liquidity, less hanky panky. What you see is what you get.