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I have need for a licensed broker who is experienced in options spreads. I need a reputable firm, and I need him to manage certain medium sized accounts using a specified strategy and set of rules. Anyone know where to start looking for this gentleman?

This is going to be my last post on this thread. I think I have covered all the information I wanted to document. And I might accomplish what I want to on a different venue. I am just not up to posting all my trades and I have posted enough of them that the point is made. I still will...

The following positions have been sold this week via Good Till Canceled (GTC) orders, that I mentioned in my last post. Position: #spreads, underlying, expiration, spread, @GTC sold price, (cost) 4 FXI JAN 27/32 @4.75 (3.9) 12 PAAS JAN 17.5/20 @2.35 (1.6) 4 BTU JAN 25/30 @4.7 (3.7) 5...

Just posting a brief update on the past couple of weeks. I guess trying to post individual trades is not working out for me, so I'll just relate what I do in general terms. The market has not been favorable for opening new positions, in my view. There was a window of opportunity for oil...

Dolemite (rock-hound?) I'm aware of the synthetic equivalence. And I understand most option traders use the credit vertical bull spreads. So I don't have a strong reason to persuade others to do debit spreads, however I have my reasons. The debit spreads are more intuitively correct...

Some more trading today, mostly maintenance. Account E: SOLD 5 AEM JAN11 35/40, cost 3.2, sold at 4.762, profit 766 SOLD 8 GLD JAN11 95/100, cost 3.2,sold at 4.65, profit 1137 BUY 4 DO JAN12 39.25/44.25 @ 3.6 BUY 3 NE JAN12 20/25 @ 3.5 BUY 4 CNQ JAN12 20/25 @ 3.68 BUY 5 CNQ JAN12...

I couple of days ago I successfully legged out of several unfavorable DO positions. Since the market tanked today, I thought it might be a good idea to try that trade again on two remaining DO positions in other accounts. Same exact trade, hoping for the same outcome...... BTC 5 DO JAN11...

This post is for a couple of people who might have an interest in this methodology but don't really understand what is going on. I hope this post helps. Many option traders use complicated strategies. They are not easy to understand , are not intuitive, and can be difficult to manage...

All three of the GTC orders from yesterday hit. Saved $500 on each account.:)

I decided to do some maintenance trading today: profit taking, risk reduction, and dealing with some DO positions I want to get rid of. Some of the positions are duplicated in different accounts. POSITION, BOUGHT, SELL AT, PROFIT, NOTE Account M: SOLD 100 EWZ (LONG)...

JJacks, As for my yield target I shoot for 35% annual return. That number is adjusted for market conditions which I consider treacherous at the moment. A smaller target may seem more safe but is not in my opinion safer. So to get that return in this dangerous market, I go further out in time...

This is a list of more of my spreads. The ones with a star on the right indicate older positions that have been lower than my cost at some point (mostly because of the Gulf crisis) but I felt it was better to hold them than take the temporary hit of up to 20%. They look better now. Most of...

tlow Thanks for your comments. Using my best hindsight I have to say I would have bought the exact spread I did, but I would have bought MORE of them. Hindsight also says I should have bought a bunch of otm august calls. Seriously, I followed my plan and I wouldn't change a thing. No way to...

from tlow. "I think it could also help you choose a better spread, not saying yours are wrong, but you may be able to make more with playing around with different strikes, wider/narrower, spreads, etc. Finally, in regards to market swings...if you were hedged or had some downside...

trefoil: To answer your question: with reference to FCX JAN12 40/45 @ 3.2, 56%. I have no clue how to calculate theoretical probability that FCX would be at any value, and if I did have that algorithm I sure wouldn't trust it enough to trade by it. I got into that spread at one of the...

I don't think you get it! The purpose of this thread, what I'm discussing, what I want to accomplish. So I'm using this post to explain it to you. My thoughts. This is not the right forum to do this. But I don't know of a better forum to go to. Very few people come here anymore to learn...

Levitation: In layman's term (all I got), a call and a spread are not even the same animals. Selection process, goals, outcome are all different. Simplistically I consider buying a call a purely speculative play based on technical greeks or price expectation, and I consider a spread as a...

With respect to Mike, and thanks for his comments- This thread is ALL about market conditions. It is all too obvious that bull strategies work in bull markets, and same for bear strategies. My biggest failure while investing in 2007-09 was underestimating the power and speed that bear...

Five years ago I decided that the best approach to investing was to utilize DITM (Deep In The Money) Vertical Bull Spreads. Now, I still firmly believe in that approach. In the past couple of years, I and every other surviving self investor have learned a few things. This thread will document...

The major lesson learned from this thread ought to be that, regardless of which option strategy you use, picking favorable market timing is several times more important than picking the right stock. With that in mind, the case can be made that ITM vertical spreads offer more flexibility than...