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I tend to be an optimist so my trades are generally on the bull side. I have a hard time determining when to be bearish. Not quite the same as what you're saying but the same sort of mental block.

I think that's what they call choosing the wrong strike price! Deeper in the money for the crappy stocks, farther out of the money for the keepers.

Mark, can you clarify why you say this? I wouldn't write a covered call if the premium looked unattractive. Are you implying that the IV/premium are high because the stock is in a downward trend and you'll lose money on the underlying? Thanks, Ray

That's worth repeating. I would have closed that position before posting here.

That'll get me the underlying, not options.

Can you tell me how you're using MSNStockQuote to obtain option pricing? I couldn't find any documentation on how to get an option quote through this function. Thanks, Ray

Where can I go to find issues with highly increased option volumes? I just started reading one of the McMillian books which talks about piggy backing on insider trading and I find it interesting. I'd like to be able to watch some of these issues. This one has 12k+ open interest in Jan 30's...

Fidelity rolls cash from retirement accounts into cash reserves (FDRXX). It's 1 year performance is .77%. For brokerage accounts cash is rolled into FCASH which is paying .07%. - Ray

Can anyone recommend a source of real time stock and option data feeds that can be used as a backend for a custom trading platform? I don't necessarily need to be able to place trades but want programmatic access to real time quotes. Thanks, Ray

Right. I should have stated that covered call writing should be considered a bullish strategy.

That must be why I had to use the search function to find the forum. I thought you guys were just hiding from me. - Ray

What are the greeks telling you KINGOFSHORTS? I'm not a greeks trader, enlighten me. - Ray

Getting called on a covered call is the max profit you can make on the trade (ignoring dividends). You know that amount entering the trade. You only loose money if you enter a trade knowing max profit won't return your basis. If you think the stock is going to go down, perhaps covered calls...

I think the real question is why they are not reported by brokerages on the 1099-B along with security trades. I've wondered this myself. - Ray

Big money is relative. In percentage terms, what do you consider big money? I'm new to options having only been at it since may or so. I've been generating income trading options with an average trade of 2.57% and an average holding period of 14 days (selling premiums not spreads). To me...

got it. thanks.

If over and undervaluation is subjective, how would a mispriced chain be determined? - Ray

Thanks. Turns out there is an anticipated cash distribution that will be added to the option in addition to the shares.

If you have a look at the near the money Oct options for RTP, there are two symbols listed for each option with greatly different prices. Seems to me that I read this is due to an event of some sort with the company but I don't recall what I read. Can someone explain why there are two symbols...

That's what we need. To monitor the condition of roads 21 times faster! Is that our stimulus money? :p