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OK, so what started off as a dream has now turned into a nightmare. Long story short, I turned a small sum of money (around $3,500) into a six figure amount in about 7 weeks with options around August / September. Since the volatility went berserk shortly after that, I took some time off of...

I mostly played options on equities like potash. I made quite a large sum of money this year, and then lost a large portion of it in futures. I think I'm really, really screwed here by having gains taxed at a normal rate, but futures losses at a much lower tax rate, does not offset nicely.

Thanks for the info. The futures trade I did was on the YM, but I typically trade stock options, so they are taxed at a normal rate.

Hi guys, I typically trade options, but decided to trade futures when the VIX got too high. Unfortunately, I took a large loss. Will my futures loss be able to offset my options gains? I ask because I learned after the fact (stupid me) that futures are taxed 60/40. So, if for example I...

I've been trading for about 3 years. The first year and a half was with only a few hundred dollars, because I knew that there was a learning curve which would include losing money (I also wanted to get used to the emotions involved in using real money). During that time I was in college and...

Penson? Option Trader? My guess is that you are using thinkorswim. I'm using them for my options trades and actually got a margin call today. I need to learn how this works, because I don't understand how you get a margin call with options trading. I thought options weren't marginable?

I'm sure cnbc.com will have a direct link on the front page as they normally do.

Please, if there's a forum on this board where discussions about trading take place, point me to it. This forum is named TRADING, but all I see is horrible prediction threads, BLACK (insert day here) threads, and gossip about Cramer. These past few days have been crazy, and will probably...

Thanks for the info and the link. I found another site which has Sector ETF performance listed, located here: http://www.stockselector.com/ I find that the Sector ETFs mostly track indexes, such as the DIA. For example, the XLF showed strength when the DIA went to test lows, yet rose...

Hey guys, With the comparison of the VIX and INDU (which I understand has been covered), we can see there is a good indication that this is a short term bottom. If this is also your viewpoint, which sector-based ETFs do you think will perform the best in the next few days and why...

Through the use of ivolatility.com, it calculted that when I first purchased the options, the IV was around 150%, while it is now around 130%.

Thanks for the responses guys. I just find it hard to believe that IV could make up so much of the options price. I bought the option EOD when the price had been consolidating all day long. Over the course of the past 2 trading days, the stock is down over 2 dollars from my entry yet you can...

With recent options trading in SOLF, a 2% move in the stock has represented about a 10% increase in the options. However, recently, I bought some Jan 35 Puts when the stock was about 35.80, with the options price at the time being 4.50 x 4.80. The next day, when the stock was down to about...