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Like that Arnie like to make as many one putts as possible

Fixed Don't disagree with you there surely not the best mainly use it just to have something on during the day. If there is something out there reasonably priced I'd love to have a look at it. Anyone ever use the Options Hawk website seems a bit pricey I think 300 a month.

yeah 5-1 as I look back seemed to be the start of the downturn the failure to move higher at that point seemed to set the downtrend in motion and it accelerated from that point. Hind site is always crystel clear lol

Thanks Richard been in the game for a while that's why I get a little annoyed at myself. Really should of been more cognizant of the overall market conditions and maybe as you said got a little to aggressive selling into the 50 day ema. We were in that nice uptrend since December and i guess I...

I feel like Robert Redford in the Natural " I should of seen it coming"

Not my best month selling premium in hindsite I should have sold a lot more calls than what I did. Only had 3 postions this month where I sold call premium AKAM, HES, & HCA which I sold covered. Everything else was on the put side. Really was not expecting to be in this steep of a downtrend...

Thank you Robert was wondering myself Phil

Lux That FSLR trade looks good wished I jumped in that with you if you on the open monday if have more feel free to post

I like the trade MJ curious to see how it works out for you

not my best idea selling those calls but still in the trade didn't panic this morning so I'm better than breakeven right now. You can see how jacked up those options were now, say you had bought those puts yesterday and the stock dropped 2 bucks and you were just at breakeven that would be...

I use the free version of benzinga http://www.benzinga.com/ not the best but free they lean a little left so you have to kind of ignore that.

sold the May 18 strike puts for .20 on the news that they asked Cody for additional week to make decision on the buyout offer.

Interesting trade strategy MJ can't say I've heard of it or would have the testosterone level's to try it. It seems you would have to have a real good sense of market direction when you placed the trade and some real low volitility levels through expiration

I like that trade Lux, those solar stocks are just in death mode earnings aren't until 8-2 so theta should eat this thing up once it comes into the front month

Great group of guys here, Robert couldn't agree more on the lottery ticket mentality on buying those OTM options everyone looking for that next FOSL earnings gap down trying to hit the jackpot. I can't say I haven't done it myself used to buy strangles going into earnings trying to hit the...

That would do it Robert lol, Met / Giant fan here was a Jet fan back in the 60's my dad was huge Giant fan and I got rebelious and jumped on the joe willy bandwagon for a few years long hair and women you know what I mean came back under dad's wing in the 70's

Physicsman Thanks for your post glad to hear from fellow sellers, Again I sell mostly equity and ETF options I understand the maintenance requirments on commodity options are much less per contract then equity options. Can you give me an idea of what those requirements are, just curious...

MJ Hopefully your Met fan as well, apppreciate your posts your knowledege on selling options is far superior to mine. I've been trading about 10 years but only selling options the last 3 as you say not the holy grail but it certainly provides a steady income I try and sell 3 to 4k a month in...

For me it's generally twice the premium unless it's getting real close to expiration. If I think it's going to pin to a particular strike close to the money I may wait it out a little and let theta take it's course