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Even if you could discern whether the options were bot or sold, what good would it do you? One could buy calls if bullish. One could also buy calls to hedge short stock (bearish).

If they took money out of your account, it was a buy :)

I looked at the RSI, Commodity Channel Index, Stochastic and MACD and still got the wrong answer :D

The problem with this is that the intraday moves aren't linear. The are multiple reversals and you only know the results in hindsight. You may be up 1/2 a pct then down 2 pct before being up 1 pct and that may occur multiple times. Tick by tick data is very different than 6% intraday ranges...

How do you know you're going to be on the right side of an intraday move of up to 6%? Just because it's there doesn't mean it's easy to nab. Are you insane? No. But if you think that you can paper trade for a few months and then regularly generate a monthly return of 8-10% with real money...

What's a good strategy for this situation depends on your outlook for RIG and your fear and greed :) You can close it, collar it, buy an ATM put and turn it into a straddle, sell calls against it, roll it up a few strikes, etc. It all depends on what risk graph appeals to you. AFAIK, the...

This is the easy question. If your inclination is to write covered calls, instead, rather than giving up some time premium, incurring extra commissions, and tying up more margin, just write the call against it, creating a spread.

It's sorta like chess versus checkers :) If you can trade stocks successfully, don't bother with options.

There's absolutely nothing wrong with writing an OTM Jan call at Dec expiration as long as you're still neutral to bullish at that time. Since JPM has a moderate IV, a 1 month OTM calls won't bring in a lot of premium. Most of your reward will come from price increase to the OTM strike...

THOR has Holland Tunnel wide B/A spreads. Your post may look better but the option positions don't :) FWIW, if you're going to screen a database that provides and IV based on the average of the B/A then you might want to bump up the search criteria a tad because IRL, attainable positions...

As MTE mentioned, it's a diagonal spread. And again, they would not liquidate the long Jan call unless the short stock assignment resulted in a margin violation. Then all bets are off because you either satisfy the margin call or they indiscriminately sell off holdings until the margin...

Without a doubt, that's the case. You can layer on more positions but push comes to shove, the market still has to cooperate. An example off the top of my head... Suppose you have an OTM calendar and the underlying drops just into the money quickly. Because time decay hasn't had a chance...

MTE, There's nothing wrong with your thoughts but I don't think that it's that black and white. There are a myriad of reasons for initiating a trade and adjustments can reflect a changing opinion (hope?). Saying that an adjustment is just a way to avoid/delay psychological pain associated...

Because overall, things fall faster than they rise... and in many cases (less liquid stocks), a good sale price is harder to achieve than a good buy price.

I took a look at this late this afternoon and the premium cost for the Nov/Dec calendar straddle was larger. You must have moved the market! :eek: Just curious... Is your program searching/calculating the IV of the bid for the options sold and for the ask of the options bot or is it using...

HEY! What's wrong with the Pillsbury Dough Boy routine? Squeeze here, out pops something over there. Run over there, squeeze, run back here. :D

Rather than waste time looking at stocks that have already made their move, consider looking for those that might be about to make their move ---> earnings annnouncements <--- then hop on for some of the ride :)

What's behind door #3 ???

On his death bed, Tiger Woods' father gave him the following advice: Concentrate on golf and screw everything else!