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AT99, this seems quite interesting. But I have a question though. (Pls forgive me if it sounds amateurish) Given that we are trying to "guess" where the stock (and thus the option) would be (in both direction and timing) as the stock does not move according to any formula, do we not get these...

Thanks. I will do some paper trading using this suggestion. In the past I always got out if my position turned into a loss or when accrued profits started to reverse 9after paying some attention to the technicals of the underlying).

Thanks OTM-Options. Do you always use one or two weeks? Can you please elaborate your experince and how you got to this preference? I do not now trade any lots where the total costs exceeds my tolerance (Learnt the hardway after a few experiences. Luckily pretty fast). Thanks Arnyc :)

Will you please help me follow what you said. So I bought April 17 IBB 370 puts (Delta 80%) and sold April 17 IBB 365 puts (delta Approx 75). IBB now dropped to 341 by this evening close. What will be the hedge in case IBB starts to climb back again? Thank you very much. Arnyc

I am new to options trading and am getting burnt because I have no idea how to select the right expiration period. When GoPro went down, I selected a two week period to buy calls. Go pro did not move in those two weeks and is moving now. Now I have IBB (Bio Tech ETF) put debit spread expiring...

xandman: I think I might get back into a similar CMG trade in a few days (probably will check what this Friday holds and then)

Victor/xandman: Thanks. I took in $93 of credit on one contract. The Deltas were about 17% to 20% range, if I recall correctly If I am not asking too much, would you mind taking a look at the Option chain of CMG as of now and see if you would take this trade (say buy the April 17 655P and...

Thanks Victor. Will you pls see my revised post in reply to xandman. Thanks

xandman and Victor123: Thanks for your reply. I think I confused everyone due to my English as second language background. My apologies I am re-writing my question, so that I will not give the impression that I have done a Calendar spread. It was a simple spread: On March 19, I sold a put...

I have a few questions based on my first put spread that I sold. How do you select which put to sell (and which to buy to complete the spread)- Do yopu go by delta, how far out of the money, or where the stock previously bottomed? Do you generally sell one month beofre expiry or shorter or...