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what about recovering a loss from a position that has gone against you? Its happened too many times as far as I'm concerned. Good entry setup, going with the underlying trend, stock gaps down premarket and option value crumbles. Obviously OTM calls drop more significantly, but ATM becomes OTM...

Thank you. Ok, what about this, same spread strategy; Bullish on stock, vol i think is low, I think OTM are too high on monthly, ATM weeklys are high problem is theta on weekly is high, underlying movement doesnt always cover loss in time. selling premiums have been more profitable short...

Thoughts on this aggressive strategy Not sure if this would still be considered a vertical spread, but nontheless; Sell OTM monthly call option Buy ITM/ATM/OTM call option; which to buy depending on how aggressive you want to be. Thoughts?

I always see threads about how little money they need to put up to get into a prop firm, but how about the opposite? What firms are people comfortable enough to hold larger amounts of capital in? Why don't traders commit more assets to their account and either increase buying power or reduce...

clay doesnt stay moldable and soft forever. "When we got married, she was 20 and I was 24." Yes, because those marriages end well. haha I feel sorry for you, I do. It won't end well.

their fact-checking skills are worse than your trading skills. They made a 2 trillion dollar mistake and admitted it. so you are the dope.

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ratings agencies are paid to do a job. the problem isnt asking them to do it, the problem is they don't know what they're doing. they see themselves as the defacto authority so they slap a rating on whatever they want where they see fit. their accounting skills obviously do not accomodate the...

i agree the govt is incompetent, but they didn't sell the AAA rated CDO's, the banks did. and the banks were allowed to go buck wild selling them because 1. people wanted them, and 2. they were rated AAA by the rating agencies so they were deemed 'safe' forms of investments, good enough for...

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They made much more damage when they DIDN'T state the obvious on all the CDOs and real estate investments that they gave AAA ratings to only to have them bankrupt days later. I dont know how they are allowed to do business. They are as intelligent as the anchors on CNBC.

Are they wrong in doing so? I think S&P is the biggest fool of all. Their credibility was shot during the credit crisis, but this really sent them over the edge. They admitted to a 2 trillion dollar mistake in their calculation, and they just went against the USA when any bad news has a great...

this is not the reason for the drop. if you think so, you are in the wrong business.

why do people even bother listening to these rating agencies? They seems to be downgrading anything they can point at these days. Why don't investors downgrade S&P's status as a credible source or insight to what they really are; a bunch of idiots.

Youre on a planet of delusions. I have a great idea for you, start a fund and call it Hindsight Capital. The returns will be ASTRONOMICAL.

07-19-11 06:03 PM Just bought this strangle before close: Long AAPL Jul 22 375 Put Long AAPL Jul 22 380 Call Net debit: 16.90 Right now the trade is at breakeven AH post earnings. Would you recommend closing the trade at open or close just the put leg and let the call leg ride into...

For someone who is asking how i know what he's thinking, you sure are making a lot of assumptions on his trade and why he did them.

I'm glad you don't care about his motivation, but you're not understanding the trade. He put out an OTM strangle bet on earnings, making a directional play looking for a large move. even stated he might sell the put and ride the call, implying he was expecting the calls to be worth more than his...

You are not the OP, so you don't know what he was or wasn't betting on, you're assuming that. Binary or not doesn't matter. IV on OTM calls, especially during earnings on apple is always going to impact the trade and should be taken into consideration. And it wasn't a good bet because AH trading...

And you want to talk hindsight but you finish by saying it ''would have" worked had he gamma traded AH. That sounds like a lot of hindsight sh!t to me. He mentioned a very specific strategy, that strategy was wrong. A long strangle on apple earnings shouldn't be put on day of earnings right...