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Since an option's IV must decline to zero by expiration, why don't options traders just sell-to-open calls/puts, hedge by buying/shorting the underlying, and unwind the trade right before the option expires? Since the option at that point would have so little time value left, it's IV would have...

I see. It's better to change your plan then get stuck in a losing trade

More like its the middle of the night where I am. Anyway, if I'm going to be bullish, why not just buy calls?

I haven't bought anything yet... I'm just going to go with the calls.

Yeah, you're right. I'm just going to stick with a long straddle to trade earnings.

Or LEAPs.

That seems much better than taking on an unlimited risk.

Well, this second strategy (to simply profit from long-term directionality) was my original one, because Pfizer looks poised to beat its earning estimates, like it did for nearly 3 years. And it has widened its planned share repurchase program to $2B, which will drive up the price somewhat.

Because analysts have researched that PFE will go up, based on its fundamentals.

Yeah. Maybe I should just buy the April 19 calls and KISS.

I never said the call's vol'll come down to 14%. I said the underlying's vol will come down to 14% from 22%. Who knows where the vol of the call is going to, I just know down.

Buy April 19 calls using the proceeds from my naked sell. Then if I somehow get assigned on the short ones, I can exercise these to cover.

Pfizer is about to release its quarterly earnings. It's IV is at 22%, and should revert back to its mean of 14% after the release, I have a plan t profit no matter which way PFE goes. Sell the February 14 calls, currently trading at 86.6%, and buy them back on January 31st, once the calls'...

I can read a chart. I look for head and shoulder patterns, triple bottoms, and etc. I just use indicators to figure out EXACTLY where to enter.

No, I plan on making 5 pips/$10,000 trade/day, trading 5x/day. That's $25/day. That $750/month.

5 pips trailing stop. If I can figure out how to set trailing stops on FXCM.

Hi! I'm new to forex trading; I just started in a $25 FXCM micro account. Let me tell you my experience. First, I went up to $30 Then, I lost $15 Now, I've developed a strategy, and I have been making consistent profits, though I'm still not back up to my original $25, but I'm very...

Then let's buy bear put spreads, and make a fortune.

I have considered that, which is why I will be trading a bull put spread.

Sorry, can't do that. Perpetual motion machines cannot work b/c they violate the 2nd law of thermodynamics.