Walt, in a good month, a broken or double broken butterfly managed nicely in a cooperative market ( and I realize that won't happen all that...
MegaDeth, In the case of indexes, you are probably correct about a 40% drop, but just because something has never happened does not mean it is...
MegaDeth, Here's why it is wrong to sell at a nickle: Many years ago people thought this way and lots of early options traders did this...
I keep having additional thoughts on this issue! One thing I forget to mention with these is that it may be desirable to keep rolling back for...
Spin and Walt, Looks like a really good discussion shaping up! A few more comments-- 1) Don't write off the double broken butterfly. Just...
Sorry, I accidentally hit the post button before I finished my comments. Continuing, I think the calendar collar idea is an interesting one....
Dear Walt, I very much enjoy discussing strategies with you. Our Double Broken Butterfly discussion was very interesting and it is one of the...
erol, thanks for the compliment. Spin, Another superb post, as usual! Nice to see you're still thinking on your own.. :p :D With the...
Just a little editing needed on the above post by myself-- when I talk about adding the "calls" together to obtain the cost of the total...
erol, I'm glad you raised this question. Spin (whom you already know is pretty knowledgeable about options) is referring to the spread in the...
Kpetrey, In an Iron Condor, the higher put strike and the lower call strike are the sold ones. You will always receive a credit to begin with...
A few comments: 1) Spin, you are bang on. March was a great time to be doing these credit put spread/ collars. Now, it is more...
matador, I usually start each cycle with about 35-40% of my dedicated option capital in play. Depending on the market action, I may increase...
riskfreetrading-- My answer to the question " When do your short strikes get hit?" is... hardly ever, and my goal is ...never ever. I do not...
erol, I personally do not use support and resistance very much, but I will occasionally have more insurance spreads on the side that I think is...
Even though I'm not Grinder, I'll make a comment on this since I have traded a lot of real SPX options. Look first at delta. If your overall...
Adjustments are the key to success with IC's. You can certainly follow Dan's entry rules and do fine. I personally have much more intuitive...
Chinaman--interesting, but questionable strategy. Obviously, you are flat to the upside (if you hold to expiry) because you're hedged against...
riskfreetrading.... We're still waiting......
If you're just beginning at options, don't read Cottle, Natenburg, Hull or McMillan. They are very good, but a bit more than a beginner can...
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