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Mark/Group; I am very intrigued with ceetums vs. fotums and believe that that might be the better choice. However, it makes entry points even more critical. I have spent hours pouring over stochastics, MACDs, McClellan Oscillators, Williams %R charts, etc. Also the dynamics of channel...

Drof: Read, read, read. Start with this thread and save pages to a file or make hard copies or reference the pages in a notebook so you can recall them later. Go to The OptionClub or OptionCoach on Yahoo Groups. One or the other, or both, offer a suggested reading list. Buy the books and...

Wow! Are you some kind of literary genious or something? I'm nominating you for a Pullet Surprise. :eek: Bob

Cru: Good move. Sitting it out until the smoke clears is, in my very amatuer opinion, always the thing to do. Bob

Dear Mr. Landing: In all sincerity, you are one among a small handful of thread participants that I have targeted to read in- depth. Sailing, Maverick, riskarb, to name a few, are several others. Rally, or, er, ahh, Mr. Mode, had struck a chord with me relative to his, if I may, "channel...

Yes, Jeff, you are correct. What ends up happening is that my entry points very over time. Even though all of the various indices do rise and fall together, there is some variance in timeframes and degree of movement. This coupled with the difference in entry points gives some degree of...

I stand corrected, Mark, thank you. I did mean to say buy a debit spread e.g. BTO XEO Mar. 660P/STO Mar 655P. Sorry for the misstatement. Bob

I know this is a Credit Spread thread, however, might it not be a good time to sell a few debit put spreads? Or, perhaps, for those thinking a rebound is likely, call debit sreads? Just a thought. I actually was toying with a 660/655 put debit spread on the XEO last night...coulda...

Appreciate the help, fellas. Thanks, Bob

Hi, Group: TOS sent out its standard expiration notification email today. One of the items in it said to beware of Friday's $.18 dividend on DIA. Generally speaking, what is the impact of a dividend on DIA options? I presently have a small Feb/Mar 127/135 call diagonal in play. It is only...

Does TOS provide a more accurate pricer? Thanks, Bob

Hi, Gang: I use Options Xpress. I have started utilizing the Options Pricer and am puzzled by the fact that the Theoretical Price is not always the same as the b/a. Sometimes not even close. Can anyone shed some light on this for me, please? Bob

I've had good luck on fills with the RUT, Rich. Those wide b/a on SPX have frustrated me in the past. I keep thinking I should go the SPX route as there is more collective experience out there to take advantage of. Playing the RUT on this particular diagonal had nothing to do with my...

Poop! Took my first stab at a put diagonal and blew it. Lost approx. 2G's including commish. I sold the Sept. 670P and bought the Oct. 660P on the RUT. It went north and my $'s went south. I had $7250 locked up on a call credit spread which went south along with the put diag. Poor entry...

Hi, Group; Finally got the down day I've been looking for. I am contemplating my first Put diagonal. I'm trading the Russell 2K and have a nice $.60 call credit spread that looks pretty safe to expiry. I want to round out the month with something on the Put side. 670 has been a solid...

Me, too. I've got a 760/750 Sept. call sread on the RUT. Picked up $.6 on it. I had been looking all month for a slight down turn to pick up a put spread and nothing ever materialized. Now I am hoping that I can construct a Sept./Oct put diagonal sometime in the remaining week and a half...

I was just going to say the opposite thing, Coach. From the standpoint of avoiding the black swan. The market has never had a catastrophic, sudden rise, therefore, call spreads are pretty darn safe. On the other hand, diagonals work well on the put side because they are a more guarded position...

What's up with flaming Heather? If you've got something positive to contribute, offer it up. If not, be quiet and don't be rude. Bob

Well, Richard, there's always sex, drugs or rock & roll. My choice is to go fly my ultralight airplane. It's the best therapy I've found. But I also have to say that trading is way more fun than my day job ever was. Good luck, Bob

I'm just now getting this concept...I suffer from lack of oxygen...So I took a look at the RUT because that is what I have been trading ICs with. On 7/14, mid-morning, RUT was at 683. I could have STO the JUL 640p for 1.45 bid, or maybe 1.55 mid-pt.; BTO the AUG 630p for 7.3 ask, or maybe...