I hear you bro... My SPY 130 short straddle isn't looking too good right now. :eek: If I was trading ICs it would be even worse.
Screw the learning, I say jump right in short and naked. Too bad you missed today. Would have been a nice quiet day to get your feet wet. Ok sorry...
Ok lol... I thought you meant this guy: http://www.cnbc.com/id/30231177/
Lolol... who is Count Chocula? That trader from San Fran?? Also last week they replaced Hello Kitty Chick with a new guy. Not sure if it's...
Did he give an answer? Or straight to commercial? :)
So true... Naked really gets a bad rap in the media. But anyone who is long regular stock is naked too!! My favorite is on CNBC Options Action...
I recommend "Trading Long Straddles" by falconview (with additional commentary from forexforex). Careful though, it's 5,000 pages and there's...
Hi Dave, I'm in Montreal too. I don't trade futures, only options, but I use Interactive Brokers. Haven't had any problems with them and the...
I assume you mean the position ran past the breakeven point (ie a loss) then came back into the profit zone later. The flip side is there are...
I haven't done much historical analysis so I appreciate the info. What do you mean by "Some of those months represent a reversal into the...
- I stick primarily to SPY, EFA, EEM. - Been doing it for a couple years. - Usually no more than 5 weeks to expiration. - No strict filters....
Yes that's a good idea as long as you buy the wings at the same time as the you sell the straddle (ie an IC). If you try to leg into the wings...
I sell naked straddles every month on a few index funds but would never consider doing it with SLV. Selling naked straddles on SLV is NUTS....
Yes this is correct. However delta is always changing too. The delta from $40 to $39 won't be the same as the delta from $39 to $38. And other...
I'll save you some runaround and answer your question in basic terms. "Is there a way to know how much that option would be worth if price...
All the info is in the quote itself: "QQQQ110304C00057000" QQQQ = symbol 110304 = date (March 4, 2011) C = type (call) 00057000 = strike...
Thanks again for the reply sonoma. I see what you're saying now. I understand the P/L of the position and how it will lose value as the...
Ya basically a calendar call and a calendar put. I like to be long theta. The short strangles and calendars accomplish this. Though the...
What are your guys' thoughts on short strangles? - indexes only SPY, EFA, EEM - front month only, opened a day or two after previous...
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