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Great game. Croatia beats Russia in penalty kicks.

Expect a massive BAC rally in the next 1 hour 15 minutes which will erase VZ's $3,400 loss. He's got BAC right where he wants it.

April 12th is a weekly April 19th is regular expiration April 30th is the end of month expiration

Do yourself a favor and close down your account. Trust me.

What expiration are you using for your long options when you trade the weekly calendars?

Good luck. I'm rooting for you :)

I trade futures to delta hedge my positions. I don't trade futures outright. Plus they trade 'round the clock Monday through Friday. Helps me sleep better at night :)

Having more longs than shorts on the put side (ratio), especially a few the next month out, helps tremendously against large vol spikes in market downturns. A vertical spread is hedged by nature of course, but if there is a market crash and you have a standard short vertical spread getting...

I'm not a huge fan of selling OTM junk, but if you do, should always buy a few puts the next month out. The key is to hedge prior to the big move. So lets say you sell an iron condor right now for March, if you buy OTM puts in April, they can certainly save your ass in a black swan type of...

Sell options prior to the VIX tanking :)

When looking for stocks with potential for large increases in implied vol prior to earnings, do you focus mainly on large cap tech like AAPL, GOOG, AMZN etc...?

Yes. Liquidity is a factor. I would prefer stocks in the S&P500. I've had success playing for a rise in implied volatility prior to earnings by buying a straddle or strangle and dumping it right before earnings are announced. Occasionally, gamma scalping using the underlying has also seemed to...

Does anyone here know of a website where I can scan for stocks that have had tremendous moves post earnings? I'm trying to look for stocks that had 10% or more price movement (up or down) after earnings were last announced. Thank you in advance :)

Just tell them to give you level 3. You can't even trade spreads? How lame is that? I honestly would recommend IB or TOS if you trade mostly options.

I just started trading ES options recently and I love it. For the strategies I use, I find the execution to be much better than SPX with the same tax advantages.

Interesting. Thanks for that.

Google was apparently supposed to release their earnings numbers after the bell on Thursday and they gave no reason as to why the released early. How do you guys handle situations like this? You take your chances I guess. Google shares have been halted. Ouch.

example: +2 OTM Puts -1 ATM Put -1 ATM Call +2 OTM Calls

I trade iron condors sometimes, but I prefer iron butterflies. Much better risk reward. Sell the at the money and buy the further out options. Even better sometimes is buying more out of the money where you can make money on a big move in either direction while profiting if the security...

Google is getting hammered after hours. You're gonna need a monster rally in the next month. How much did you pay for those calls?