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OKay folks, you win. There's no sense me continuing on in these Forums. I've had enough grief in my life to this point. There's no sense inviting more. You're judge, jury and executioner. For any of you who don't subscribe to the vituperation, thank you. For the others, have nice lives, secure...

OKay folks, you win. There's no sense me continuing on in these Forums. I've had enough grief in my life to this point. There's no sense inviting more. You're judge, jury and executioner. For any of you who don't subscribe to the vituperation, thank you. For the others, have nice lives, secure...

atticus, Not that it's any of your business, but you'll probably be sorry to hear, that yes, more than $800,000 has been repaid. Get off my back, I've said my mea culpa. Or are some kind of avenging angel, or something. Josh

traderlux, Thank you for those sentiments from the bottom of my heart. You have no idea how difficult it was for me to write that post. God bless and good luck in your trading. Josh

Gentlemen, I used that term loosely, as some of you have hardly acted in that fashion, the unearthing of a “scandal” in my past causing this Forum to be used for matters unrelated to the discussion of options. Why this is relevant is beyond me, but there it is, and I shall address it...

Gentlemen, I used that term loosely, as some of you have hardly acted in that fashion, the unearthing of a “scandal” in my past has causing this Forum to be used for matters unrelated to the discussion of options. Why this is relevant is beyond me, but there it is, and I shall address it...

Eliot, Thanks for confirming my stats. I took a cursory look at the weeklys and came to the same conclusion you did. They seem to a total crap shoot, as far as direction goes. Josh

Eliot, My stats are from expiry settlement to settlement, and I believe that they are completely accurate. I used the CBOE settlement prices from their web site. If your compilation of 55/45 for the same time frame is any indicator, it just shows how much the shenanigans that go on in the...

Hi Eliot, Was that from 1985 to the present? If so, that's surprising to me, since it's so different from the last decade. In fact, if you subtract the last decade from the 1985 through 2010 period, the 1985 through 2000 would show fewer up months than down. Josh Good trading to all

Kevin, Obviously. Josh

atticus, as is your wont, you have something snide to say about me. I don't recall making a sales pitch to anyone. And, btw, I use my REAL name, can you say the same, or is atticus a pseudonym? You really need a twelve step programme. Josh

Hi Folks, Well, the bullish put vertical spread strategy lost in the February contracts, breaking a six month winning streak. That marked the 46th losing month out of the last 123 cycles, encompassing the last decade plus three months, lowering the success percentage to 63.6. We raised our...

atticus, is it possible that you can make a post without including a disparaging remark? you need therapy, man.

atticus, it's short decay, as i said.

Eliot and Rondey, Thanks for your rational posts. It's nice to know that there are people in the Elite Trader community that are using these posts to objectively comment on threads. Good trading to all. Josh

Some of you folks absolutely floor me. I'm not anti Greeks, not anti math or anti anything, despite your deprecating allusions. What I am is pro profit. And over analyzing anything as simple as a one week surround calendar technique is like trying to figure out what forces motivate Lindsey...

Hi JJacks, Responding to your questions. You are absolutely correct, a move of the magnitude you describe would result in the loss of all, or most, of your capital. However a gain or loss of 20% in that short a period of time has only occured once, in October of 1987. Re your second remark...

Eliot, you're absolutely correct. Atticus is just confusing everybody. There is only one strangle involved and it's covered by the long options at the same strikes to create two calendars, one above and one below the current index level. And yes, the accelerated rate of decay of the nearby...

Hey, atticus, I'm getting pretty tired of your snide remarks about my "vernacular", alleged "error in terms", and other attempted put downs. I've been trading options since before the CBOE was even created and as an upstairs trader after that. So, enough of your patronizing remarks. You sound to...

Atticus, anent your last post, I'm NOT in a naked strangle with unlimited risk. That's why I'm long the out week strikes. DUH. The reason the strategy has good profit potential, notwithstanding the mathematical jargon, is because TV decays faster in the nearby option than in the out option. It's...