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Indy, I was traveling and didn't see your post. I was able to close my strangle today at 50% max profit. My plan was to allow it to go against me 3x max profit before closing. Lucky for me that never happened. No matter what my gain or loss would have been on the 24th, I would have closed before...

Thanks for the added details. I play a little closer to the money but with much smaller size. For example, I sold a May 355/225 strangle (15 delta) a few days ago. When trading naked I normally look to find high IV ETFs, but I do like to try new things to learn. This is my first naked TSLA...

I used to think the weekend theta was baked into the pricing on Fridays, but after seeing this study done by TastyTrade, I'm thinking differently. A couple thoughts about your journey: 1. I love this idea about paying for your Tesla with TSLA options - brilliant! 2. Earning the money needed to...

Another option would be to run TOS on your home computer and then connect to it using Remote Desktop or something like GoToMyPC. This will get you around any port blocking that the Man be be sticking you with. Just an idea...

Ok, I have seen this pic many times on this forum and I have refrained from asking this question, but it is just killing me. Where was this pic taken, and what was the temperature?

The TOS web version is seriously lacking. Don't give up on the downloadable platform because it is the best thing since sliced bread once you get the hang of it. Try out their online webinars to learn the basics and understand some of the areas of their software that are just plain awesome...

I don't know, but her posts are loudly absent.

I agree that the Probability of Touching is more useful then the Probability of Expiring when it comes to defending our positions - or at least sounds like it should be. However I still use POE when putting on and adjusting my positions just because I am used to it. I have found that the POT...

Yahoo is not bad: http://biz.yahoo.com/c/e.html

65 points with 3 weeks left is close? Are we looking at the same chart?

I agree, but am still surprised we have not seen it yet. I have an open order for MAY 1235/1245 @.60. The Mid got to .65 this morning but then turned. Tomorrow is another day....

Same here!! :mad:

If I remember correctly, they have a $25k minumum.

Call the Trade Desk and give them the expiration you are looking for. They will do the rest.

This is an area I am constantly trying to improve on. For me, risk management starts with defining the risk of each trade – selling spreads instead of selling naked puts/calls. Knowing what I can afford to lose is step one for me. I have many rules for determining when it is time to start...

Points well taken, however I feel the same way. I don't need to time things perfectly in order to stay profitable using this strategy. I have my exit(s) planned for each one of my positions before I even put them on. My goal is to manage the risk first, and trade second. I feel the real...

Martingale would be doubling your bet every time you lose, and I'm not doing that - the table limits keep getting in the way :D However, I am increasing my risk amount to defend a trade, and keep my probabilities of success about the same. Obviously if the market were on a rampage, the...

So, when you say "2 consecutive errors" you really mean 2 black swan events, right? While I don't have all the answers, and am still learning as I go, I can say that I would never let a position go 100 percent into the money (excluding the black swans). I start to look for a roll when my...

Interesting, and here I am thinking I am being conservitive :D

It's all Mad Money! :D But to clarify, things like what? The fact that I use 40 percent of my account, or that I am willing to adjust a position and stay positive?