Search results

What's wrong with Beaver???

YOU'RE AN IDIOT

I'd have to take out a loan if I had to pay my accountant for the time needed to pair up my many day trades and get my wash sale transactions right :) As I just posted on another thread, I use Tradelog for this. For miore info, here's a link (or do a search on TRADELOG )...

I use Tradelog with Interactive Brokers and it downloads my trades and pairs them up quickly and accurately. It does a good job and saves me a lot of time.

LOL. The OP's question was usage of the Greeks in determining when to sell covered call not how to be a better options trader. I'm open to suggestions as to how the Greeks can improve one's covered call timing. Got any for me?

The Greeks are derivative calculations which tell you how much an option's price will change as the pricing components change (passage of time, change in volatility, change in UL price, etc.). That's all fine and dandy if you want to monitor your position but it's not going to help you a whit...

Where the coffee and doughnuts are?

Selling an over priced option for a big profit? (scratching head) ...put the counter party at a much bigger disadvantage? You're the one at a disadvantage since you own the stock in a CC whose risk/reward ratio is lousy You know what the focus of a CC position is? It's the timing...

You're a rock star who'll be the center of attention at the Sheldon Natenberg concert :)

Why would you need the Greeks to determine the viability of a covered call sale (or equiv NP)? It's a pretty straightforward trade with clear P&L.

My 2 cts is with these FDA denials that drive the stock well below $10, a more reliable trade is looking for the dead cat bounce after the collapse. Trade the stock... it's now an equivalent to an expensive option :)

----------------------------------------------------------------------- Quote from spindr0:OK, it's a zero sum game. Who took da money??? ----------------------------------------------------------------------- Maybe I was too subtle. Tilson said that most experienced professionals lose money...

Shhhhhhh! You'll upset the Fool Service Brokers. :)

1) Most experienced professionals lose money doing it 2) It’s virtually certain that inexperienced, individual retail investors will lose money doing this OK, it's a zero sum game. Who took da money??? :D Tilson = Idiot

I'm confused on two accounts. Are you buying or selling the options? And if you're putting the trade on as delta neutral then why are you looking elsewhere? And even w/o knowing what you want to do, I'd suggest that you test your strategy on historical data. Let performance indicate viability.

What do you mean by What do you mean?

+1 ---> AAAARGH, tj, please stop... My head hurts. +1 ---> It's what MTE sez.

That's what makes a horse race. Some like good chance of a more modest payout. Others like the long shots.

It was the borrowing at risk free interest rates that nailed it for me!! :p

An advantage of deep ITM options is less risk in the event of an underlying collapse. But you're still going to get clobbered by the initial drop since the delta is 1. Another adv. is leverage (2 deep ITMs is roughly equivalent to margining the stock). Disadvantage is aforementioned wide...