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An 11/19/87 event will take your money away at the open. No question about it. But the prelude to it was a add'l 500 pt drop from Aug thru Black Monday and that was a serious warning to be short, hedged or out. At that time, I was an option noob who had just graduated from covered calls...

Quote from spindr0: My experience with trading is that you run with whatever works for you. You bang out as many trades as you can handle for as long as you can but always remember that sooner or later it's going to bite you. Keeping that bite small is the key to it all. Quote from...

Quote from akivak: The problem begins when bear market comes – and in bear markers, very few newsletters deliver decent results. Quote from spindr0: Your iron condor is an indicator of market direction. Ignoring the 9/11 type of whacking, your iron condor is an indicator of market...

-------------------------------------------------------------- Quote from spindr0: Oddly, up markets give me more grief than down. As a result, I'd sooner trade from the short side (equities) than the long. -------------------------------------------------------------- Just for...

I have no disagreement whatsoever with your clarification. Your explanation of holding cash to beat a down market made me realize that I mstakenly spoke in broad terms while thinking of my metrics which really aren't applicable to the concept of buy and hold. For me, if the market is down 10%...

If you're holding until expiration, there's no absolute need for Greeks. But why would you just sit there and hold anything and everything until expiration, expecially an iron condor which usually has a low probability of losing more than the credit received? No money management?? :confused...

If you're going to play volatility contractions via earnings announcements, you might consider selecting positions that achieve that better. AFAIK, reverse positions (single and double calendars, diagonals etc.) are more more suited for EA's in the last week before expiration so that your...

It would be far more profitable for anyone with a consistent win rate to trade rather than try to sell newsletters. Now what does that tell you about the plethora of advisory services out there ???

Drawbacks? Near month expires near strike for a total loss on your long leg (-$41,000) while your short/naked position more than quadruples in value against you. For some reason, IV expands, further magnifying your losses. Margin increases as the underlying increases and as the...

A Fool Service Broker should be able to get the relevant details for you. If you don't have one, try calling the firms handling the offering in order to get info and details of the Dutch auction. If this goes anything like the warrants of Capital One Financial that were done last week...

when you return, please, no sharing of pictures of your moon :)

---------------------------------------------------------------------- Quote from spindr0: Would you like dinner and a ride with Santa Claus too? ---------------------------------------------------------------------- OK, comped dinner and ride with Santa in 2+ weeks. This is one of those...

The SPY is going to "fall down to the 80's sometime within the next 1-2 years." Is that next week or 2 years from now? Is that 89.99 or 80.01 ? You want limited losses. You want something that profits maximally. You want to invest the smallest amount. You want the maximum...

If that happens, we'll all have to figure out a way to get past the border guards and sneak into Mexico

You just did :)

Using Johns' quotes for puts for the Mar '10 butterfly: 100P $0.70-$1.40 105P $1.90-$3.40 110P $4.00-$8.00 ...with a midpoint of $1.75 Giving me 3/4 of the B/A spread would be a credit of maybe 15 cts (see below). I would not dabble with options with such wide spreads unless I got a...

Fine explanation, JohnGreen. Is there any chance that I can contract your services in the future for taking care of follow up questions to my posts? :)

No. I,m short GOLD this AM with a tight stop about to be hit.