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Congratulations coach! John can help you predict market direction and VIX. You just have to know how to ask him. I hope you and your wife get enough sleep.

BTC KLAC Jul 40 straddle due to drop in vol $4.40. Profit $26. I'll wait for IB to clear up so I can calculate all P&L in SPX later. BTC SU 70 call for $2.5. If SU 70 put expire worthless, the profit on this straddle should be $107 BTC BTU 47.5 call loss of $292. If BTU 47.5 expire...

On 06/13 I closed out all my losing positions when SPX was around 1228. BTC SPX 1250/1235 $9.8 , loss $890 BTC SPX 1250/1235 $9.4 loss $940-$90=$850 BTC SPX 1235/1245 $6.4 loss $540x2 = $1080 BTC SPX 1235/1245 $6.2 loss $620-$100 = $520 Total loss $3340. These wipes out about 2-3...

I made bad mistake in trading the vol. All straddles I sold showed profit yesterday due to the vol dropped. Instead of taking profit as plan, I was greedy and tried to pull out the profit from the theta decay too. Today, all commodities, X, VLO, SU, BTU went up big times. All of them turn...

Bought SPX Jun 1300C back for 5 cent. Sold Jun 1310C for 5 cents. Profit $236. Sold OXPS Sep 25 straddle for $5.9. Chartbender showed IV P&L $71 spike. Tried to sell KCI Sep 40/45 strangle for $13.9 but did not get filled. Trield to sell C Jul 47.5 straddle for $3.05 but MM want to...

Sold KLAC 40 July Strangle $4.50

BTC SPX 1300 Call for $0.05. Profit $348. Cumulative loss $1780-$348 = $1432. All these are June Sold X strangle 55/60 $1.70 SU 70 Straddle $3.6 NVDA 20 Straddle $1.15 BTU 47.5 Straddle $3.65 VLO 55/57.5 Strangle $1.55

BTC SPX 1230/1240 P $5.4 loss of $540-$60 = $480. Cumulative loss $1780.

BTC SPX 1250/1235 $9.8 on TOS, loss $890 BTC SPX 1250/1235 $9.4 on IB. loss $940-$90=$850 BTC SPX 1235/1245 $6.4 on TOS. loss $540x2 = $1080 BTC SPX 1235/1245 $6.2 on TOS loss $620-$100 = $520 Total loss $3340. This wiped out last month gain about $2K and put me in loss about...

Bought BHI Jun 80 Straddle back for $3.95. Profit $55 Bought NUE Jun 37.5 straddle back for $1.95 profit $195 Bought XOM Jun 60 straddle back for $1.6 profit about $145 (assume that wings will expire worthless).

My 1250, and 1245 SPX short put is in trouble. They are still within my acceptance loss but could wipe out last month profit. Took advantage of volty today, sold QSII DC for $1.40. This was bought yesterday for $0.95 so profit $45. I don't need to wait for earning to come out. I decide to...

BOT +1 VERTICAL SPX 100 JUL 06 1320/1330 CALL @1.60, SPX MARK 1259.43 Profit $90 - $6 commish. These are for hedging my short SPY 1250P. BOT +2 VERTICAL SPY 100 JUN 06 126/125 PUT @.35 ISE, SPY MARK 126.82 BOT +1 SPY 100 JUN 06 126 PUT @1.05 BOX, SPY MARK 126.90

Sold FRX Jul 35/40 strangle $4.80. This is an IV trade. IV 71% P 63% C

Here is the P&L on my IB account which I don't have to filter all the other junks out. Account Statement for May 2006 TOTAL EQUITY SUMMARY Total Equity Summary (Base Currency) Cash 13,214.45 Stock 4,021.00 Option -912.73 Bonds 0.00 Accruals 7.36 Total 16,330.08 PROFIT/LOSS...

Bought back ICE straddle for $5.6 with profit $59. IV P&L shows spike different from yesterday about $80 so I decided to close this out. I had to give up about 10 cents from the mid to buy this back.

Bought qsii double cal 35 jun/jul call and 30 jun/jul call for $1. It shows up on chartbender with jun 30/35 strangle with IV impact almost $50. I opted for DC just incase QSII moves fast. IV June 30 P 85%, June 35 C 83%, Jul 30P 52%, Jul 35C 49%. I projected 25% IV drop in June and 5% in...

Mo, Thanks a lot. I'll try this out on the paper first. I agree with you about bigger movement than usual on the SPX. Congratus on your scalping too. -Nick

Joey, I admired your ability to be able to predict direction. Having large amount of account surely help to sell GOOG naked. Somehow I'm right less than 50% of the time in picking direction so I probably loose money even buying the LEAPS. When you buy LEAPS, do you afraid of...

Thanks Cache. Now I understand that. How about something like this. Buy ATM SPX call and put. If stock move down, sell put. If stocks move up sell call. If stocks does not move enough to sell anything, duh. I'm temping since I like experimental but I'd better do this on spy one...

Please let me know if I understand you correctly. Let's say goog suddenly move down 30 points, you'd buy DITM LEAPS put. Is that right ?