Why can´t you do it for Canadians? I believe you can get a Federal TAx I.D. number off the internet. You need a US postal address, some relative or something.
OEX weekly options
- Thread starter kalikahuna
- Start date
Michael ( thinking out loud )
Playing with the numbers. Out of curiousity, to avoid 'rolling over' I looked at both the RUT and the OEX
You can get a 5 % deviation at least right now. Which would be Delta .14 In the OEX for December options. Though I suppose you would want to hold off until Friday expiration this week. I'm presuming that the RUT expires this Friday like the OEX?
If the RUT expires this Friday then you can get a 6% deviation, which would give you a Delta of .20 on your sold spread side.
I believe the 5% deviation is in the 90% probability range and the 6% would more likely be 98% probability.
From what I read of Brad's work, that would allow you to let the spread run until almost getting hit, if that should happen? Which from reading his stuff, is what he is doing. It would avoid rolling over losses. At least most of the time.
--------------------------------
Whoops! I stand corrected. I was thinking in terms of WEEKLY trading. The deviation has to be doubled for MONTHLY trading. So that won't work.
Let me see, another look at the OPTION CHAIN for RUT. That would at 12% deviation give you .30 cents for a premium. I believe he wrote something about premiums expected. Hmmnnn! So that is what he is doing? He is going to a 12% deviation.
Hmmmn! Interesting there is no premium at 12% deviation in the OEX. So trading the RUT would be the name of the game.
I think I'll have to go back to the monthly charts and see what kind of deviation you get on them with the monthly bar movement?
Playing with the numbers. Out of curiousity, to avoid 'rolling over' I looked at both the RUT and the OEX
You can get a 5 % deviation at least right now. Which would be Delta .14 In the OEX for December options. Though I suppose you would want to hold off until Friday expiration this week. I'm presuming that the RUT expires this Friday like the OEX?
If the RUT expires this Friday then you can get a 6% deviation, which would give you a Delta of .20 on your sold spread side.
I believe the 5% deviation is in the 90% probability range and the 6% would more likely be 98% probability.
From what I read of Brad's work, that would allow you to let the spread run until almost getting hit, if that should happen? Which from reading his stuff, is what he is doing. It would avoid rolling over losses. At least most of the time.
--------------------------------
Whoops! I stand corrected. I was thinking in terms of WEEKLY trading. The deviation has to be doubled for MONTHLY trading. So that won't work.
Let me see, another look at the OPTION CHAIN for RUT. That would at 12% deviation give you .30 cents for a premium. I believe he wrote something about premiums expected. Hmmnnn! So that is what he is doing? He is going to a 12% deviation.
Hmmmn! Interesting there is no premium at 12% deviation in the OEX. So trading the RUT would be the name of the game.
I think I'll have to go back to the monthly charts and see what kind of deviation you get on them with the monthly bar movement?
FV and Stanford:
Got a signal saying not to expect more than 1% (on SPY) downside. All short calls covered.
I am considering selling a straddle at strike 12o ish on SPY. Not decided yet.
Also got a long signal on EUR/USD (with EUR/USD at 1.3460) for day trade (see shortie's thread). Took it. EUR/USD at 1.35 area now. Original plan is for profit at 1.3515. Do not know what I will do, as the rise is not ferocious so far.
1.3460 is the bottom so far (with the tail of one candle below 1.3460 "as in stick it to them")
Got a signal saying not to expect more than 1% (on SPY) downside. All short calls covered.
I am considering selling a straddle at strike 12o ish on SPY. Not decided yet.
Also got a long signal on EUR/USD (with EUR/USD at 1.3460) for day trade (see shortie's thread). Took it. EUR/USD at 1.35 area now. Original plan is for profit at 1.3515. Do not know what I will do, as the rise is not ferocious so far.
1.3460 is the bottom so far (with the tail of one candle below 1.3460 "as in stick it to them")
Can you elaborate on your spy signal?
ET:
It is a proprietary signal based on models I developed. It is based on an analysis, and is not an indicators or how to type of thing. It can be taught, but it would require repetition in teaching it like in math/logic/etc. There is a guy here on ET who suggested to me to think about make approximations of it. I thought it was a good suggestion. It is in the plan.
If you have been following some of the signals issued by the models, I would be interested to read your comments on them, as it would be helpful for me to know how people feel about them.
Regards
Does the RUT have weekly options?
Immediate replay requested.
Immediate replay requested.
FV: I second Stanford's post.
Stanford:
How are you doing? I was thinking your were not reading, until I saw your response to FV.
TJ
Curious to learn about the urgent trade you seem to have in mind, but I would respect and understand if there is need/desire to keep it secret.
Best, TJ