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Mark and Spindr, I greatly appreciate your replies. Mark, I am in the process of learning, and I must say that I have also been studying your very informative blog. So Spindr, like you said, it will be very difficult to salvage 80-85% of the value of my option in this scenario. So how much...

An option trader told me that he uses the following strategy. Please tell me what do you think, and whether or not this strategy will work, since I am not sure: Suppose the stock price is 20. You should buy 1 call for a strike price of 22, and one put for a strike price of 18 assuming...

Thank you everyone for your replies. As you can tell, I am a newbie, however I am doing a lot of research and I am also reading the posts on this forum to learn.

Optionetics users: I recently went to a 2 hour free optionetics seminar, and I have a couple of questions for you: 1. The presenter claimed that thru optionetics, they only enter a trade if they have 3 in 1 or 300% odds of success. Can someone please verify that? How exactly does this work...