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Put_Master, It appears that you are not opening new positions lately. Is this because of the bull market and you don't see good opportunities? If you are not opening new trades, are you in cash? I ask because I generally agree with your trading philosophy and intend to enter the trades you...

Just sent you a private message.

I trade professionally and lost 80% of my account approx. $50k. I was primarily short vega or in other words short naked puts. Lesson learned, although a bit expensive. My firm was fine. Megadeth

Besides, define crash.

go jagadish! :cool:

You are an idiot. Take a basic course in finance before you "trade".

It's time to get back on your meds. :D

Guys, please relax. The OP is constructive and I, along with some others, are interested in what other posters may have to say about the various expiration week trades. The ones who are know-it-all and find holes in everything should just fuck off! Get this thread back on track!

The inflation for the year was 25%. :D

You increased size of the mouth of the bottle by 25%. Easy 25% net profit increase!! :D

I understand the premise of your message but in this specific instance I am asking about a broad-based index like the SPX. The index cannot rally/drop 40%+ in a month, and by that I really mean that it has not happened so far. Would you contend that such a drop, although not happened yet...

Why is it bad selling them for a nickel? Often times, the market fall needed for these options to even end up close to the money is just not possible, well historically and statistically. But clearly thousands of these are bought and sold everyday so they appear to be priced at the fair value.

Hmm... that is likely and certainly true. Some of these FOTM puts don't increase in value by much with sharp drop in markets and the volatility spike because only a few days are left to expiration and significant theta erosion has already occurred. However, I am asking more about empirical...

I have a question for some of the more experienced options traders. Having personally not traded options through 2008, I am relying on experienced trades to share their knowledge. For broad based indices like SPX, why do people buy FOTM put options for $.05 for the front month? I am talking...

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Curious how you have a risk/reward ratio of 1/1 with a higher probability of reward ...

Can someone tell me how to buy T-bills in Interactive Brokers TWS? What is the symbol? Thanks.

Options lab seems really cool to model positions. How do I get the quotes for broad based index like SPX and narrow based index like NDX? Thanks.

Your skepticism is understandable, however, I manage my trades and risk very closely. Please let us stay focused and not disgress from the intent of this thread. Thanks.

Wow, there are bigger issues with IB than what I was aware off. Hmm... I did research ThinkOrSwim and found out that their portfolio margin calculations is well documented and transparent - margin requirement is based on TIMS @ 40% volatilty and +6/-8% for broad based indices and +10/-10% for...