I'm not sure I would send a newby over to riskarbs
How long $3000 will last option trading
- Thread starter skanan
- Start date
LOL, it's an understatement to say that I'm flattered you put me in the same company as "Big Brains" Riskarb and "Haircut" Maverick as well as the others...especially since those guys have decades of experience and I have been at it for less time than you and Donna LOL.
Anyway, I agree with you about the writing options for a living thread. The main point is, there really is nothing new under the sun and there is a wealth of information already in the archives on ET. Very little comes up these days that hasn't already been discussed in the past at least twice! The SPX credit spread thread is a good example of that.
Important to remember when reading some of the older posts that people have changed their opinions over time...not naming any names! But this is natural. Evolution.
Trying to take a break myself but will still check in, now and then.
Prosperous trading to all.
Anyway, I agree with you about the writing options for a living thread. The main point is, there really is nothing new under the sun and there is a wealth of information already in the archives on ET. Very little comes up these days that hasn't already been discussed in the past at least twice! The SPX credit spread thread is a good example of that.
Important to remember when reading some of the older posts that people have changed their opinions over time...not naming any names! But this is natural. Evolution.
Trying to take a break myself but will still check in, now and then.
Prosperous trading to all.
I'm on vacation so my post will will not be frequent for about a month.
02/23/06
Sold BRMC straddle Mar $45 for $3.20
Bought GM 22.5P back for lost around $80. If GM does not move down much, will sell GM 20P and leave only 22.5/20 call spread.
Sold TSO 65C $1.75. This is a sell against my 100 shares I had for long term investment and won't be in profit/loss count.
Bought AAPL 80 call back for $0.40 (sold for $0.55). I expected AAPL to go up a bit more near and want to sell 75 call instead.
02/23/06
Sold BRMC straddle Mar $45 for $3.20
Bought GM 22.5P back for lost around $80. If GM does not move down much, will sell GM 20P and leave only 22.5/20 call spread.
Sold TSO 65C $1.75. This is a sell against my 100 shares I had for long term investment and won't be in profit/loss count.
Bought AAPL 80 call back for $0.40 (sold for $0.55). I expected AAPL to go up a bit more near and want to sell 75 call instead.
HOW do these people manage to take a month long vacation
I have a lot to catch up to post here especially some trade where I made in Thailand.
Here is the trade I made so far this week
Sell April SPY 127 put .60
Sell April AMD 32.5/30 put .65
Sell April SPY 128 put .45
Sell April AAPL 70 call .60
Sell April SPX 1335/1345 Call $0.95
Sell April SPX 1330/1335 Call $0.80
Sell April GM 22.5/25 call $0.75
Sell April TSO 75/70 call $1.35
Here is the trade I made so far this week
Sell April SPY 127 put .60
Sell April AMD 32.5/30 put .65
Sell April SPY 128 put .45
Sell April AAPL 70 call .60
Sell April SPX 1335/1345 Call $0.95
Sell April SPX 1330/1335 Call $0.80
Sell April GM 22.5/25 call $0.75
Sell April TSO 75/70 call $1.35
You want to start selling commodity options. There is a thread on here where the guy went from $3000 to $22,000 in six months.
http://elitetrader.com/vb/showthread.php?s=&threadid=66222&highlight=morgan+stanley
http://elitetrader.com/vb/showthread.php?s=&threadid=66222&highlight=morgan+stanley