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Hey, I could use $100k at that rate....

Does anyone know a good place to learn about options trading? :D

Buy 150 JAN16 Call. Cheap Theta , Vol cheap also, Nice risk/reward.

If one looks at the risk profile of a naked put you will see it is identical to a covered call except you have no need to tie up capital. You even get to hold the cash while you defend it. The real danger is not Vol going higher but price of the underlying going South. The risk there has no...

The time NOT to be short Vol is the day just before earnings when it is usually at it's high for the quarter. What happens then is called a "Vol Crush" which not only drops the Vol in half very often but sometimes send prices either way by 2 SD's. Some folks who really know what they're doing...

Sure, I agree it is an imperfect analogy... I just think on the sell side there are real advantages if done right. To begin with if one sells at hi vol/ hi premiums the odds are in your favor, especially if you can get some clean short directionals in the mix. And sometimes even if things...

May I assume that this forum hasn't any moderators? Why don't you two just trade emails and spare the folks who are here to learn? Just saying cuz I'm pretty new here. Jerry :confused:

Covered call writing is identical to a short naked put in risk/reward. Isn't it? For instance, the upside is limited to the premium collected wheras the downside has no limits at all. Plus, commissions are less with the NP, because you have two commissions with the cov call and one for the NP...

Selling naked strangles made 30% on my account minus taxes last year even after getting steamrolled twice both for 10% on the acct. I believe writing (selling) contracts is no more or less than being an insurance agent, at least that's how I explain it to my friends. I think that over time...

Hi Folks, Has anyone here used this guy? Seems to be all over the net, but it looks like some of the reviews are suspect. To me anyway cuz I'm a born skeptic. If you have used it, how about a report, good bad or ugly? Thankyew, Jerry in OR

Xandman, Nice job on your sheet. J

...has a good story and cheap enough for us frugal traders... http://trading-journal-spreadsheet.com/reviews/ It takes a copy of Excel 2013 for $99 to run on Win 7 or 8. Worth a shot? U decide... Jerry

At present I'm using ThinkorSwim but have an app in to Interactive Brokers to try them out. All I'm doing is just putting daily data into Excel by hand, not importing. As you can tell, I'm not much of a computer geek. I usually just have one trade on at a time, albeit somewhat large in an index...

Care to discuss what you track with same or possibly the template? I'd like to see some that others use. Thanks, Jerry

Hi all, I did about 300 trades this year, all using an old version of Excel for my trade log/journal/diary and it's getting really cumbersome to use. I'm looking at software called TradingDiaryPro and wonder if anyone here is using it. If not please give me a headsup about your favs. All...

Go Delta neutral. That will give your positions equality to start. No doubt will take adjustments to stay that way and could offer some very wide swings I've never done this, but might be beneficial to get Thetas as close to neutral also. That way time decays offset. Good luck and let us...

...new to this forum and didn't notice the thread is 10 yrs. old. LOL!

...doing non directional trades or are you strictly an equities trader? I like trading options because 2 out of the 3 things that affect pricing can be controlled more or less. 1)Stock price. Not much you can do there unless you can foretell the future and it sounds like you want to...

Bullshit. Hope you're kidding... That Delta .09 will be your Tsunami... Assuming no adjustments along the way that is....

I'll have to take time to watch her videos again and take notes. Try to ferret out what she actually said. And then there's the more recent gal on Tasty T who has the wealthy husband and is doing somewhat the same thing.. Jerry