My Options Play

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Quote from maxreturn:

Hello Multioption. In reviewing your posts and account statements it occurred to me that you might be the guy who used to post to the misc.invest.options group pushing EOM Plus. Am I right? Just curious. On another note I noticed in one of your earlier posts that perhaps you could use some help finding suitable stocks that met your technical criteria. I have quite a bit of experience writing scans for stocks using various different software programs. I'm sure others on this board have as well. Perhaps we could help you if I/we knew a little more about your criteria :)

Regards

Is maxreturn a Multioption alias? I see this question set up Multioption for a great answer. 5th post down.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=56457&perpage=6&pagenumber=29
 
Quote from ozzy:

FYI.

I made I believe 4500%-5000% in 2003 and most of it was due to directional option trades. This strategy has its importance and should not be downplayed (or cast aside) IMO.

What happened during the last 2 years?
 
Quote from Multioption:

I guess you're familiar with EOMplus. Yes! I'm the same person who used to run EOMplus. That was my greatest mistake as I ended up introducing newbies to options. Some did make it from $500 to over 12K but not 25K as projected. The problem was just too much on me, so much that I had to abandon the project and refunded some who didn't get trades.


So what happened? They all quit because $500 to $12,000 wasn't good enough? 2 more trades should have got them to the $25,000 mark.

Why abandon this project?
 
Quote from iceman1:

10-11-05 11:42 AM
Quote from Multioption:

Iceman,

What are you expecting IMCL and BBY to do?

Quote from iceman1:

10-11-05 11:42 AM

st- looking for 35 on IMCL/47.50 on BBY

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IMCL and BBY.... so far so good...

taking the positions home.... plan on holding until Nov epxiry... unless they make me an offer I cant refuse prior thereto.


ICe
:cool:


IMCL trades @ 35 AH.
 
Quote from uninvited_guest:

Is maxreturn a Multioption alias? I see this question set up Multioption for a great answer. 5th post down.

I can assure you that I am not Multioption. A couple of years back I looked into his course that he was pushing on the misc.invest.options group. His website at that time was EOMPlus.
 
Quote from maxreturn:

Quote from uninvited_guest:

Is maxreturn a Multioption alias? I see this question set up Multioption for a great answer. 5th post down.

I can assure you that I am not Multioption. A couple of years back I looked into his course that he was pushing on the misc.invest.options group. His website at that time was EOMPlus.

His yahoo handle (which is in his bio on here) is also EOMPlus. Not very well hidden....

- The New Guy
 
Guys:

Please let Multioption do his exercise. Don't spook him off. In the worst case he'll not succeed, and we'll move on. In the best case we learn something, and ... we'll move on.
 
Quote from cnms2:Would you care to share some of your trades, even past ones, or something from your trading approach?

you can follow any of my comments on this board by just clicking on my post history. the point of view that most matches mine on these boards seems to be maverick and riskarb.

i've posted trades in other places mostly to illustrate some techniques such as butterfly management (see theoptionclub at yahoo groups) or earnings plays (see chicago option traders at google groups). i also had a blog that detailed a (failed) delta neutral trade at http://klugo.blogspot.com/
 
Quote from thenewguy:What makes a MM hit a price between the bid/ask?

usually it's because the MM can take off risk on a position with the trade. or it might simply be a scalp on a previous trade. sometimes it's also a way to clear out a small order that get's in the way of a bigger spread trade being quoted.


[...] I assume that it's mostly MM writing the options?

not necessarily true. that's the whole problem - you can't really determine who's doing a trade or whether it's a buy or sell or if the options are being used speculatively on direction or to hedge . much easier and better to just watch IV levels: if IV is rising, then the public is buying premium; if IV is falling then the public is selling premium.
 
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