Give the guy a break. He's just learning and using play money. Real money really focuses the mind and intensifies the learning curve, but it...
Grinder, Those OTM wings are long (bought), not sold, which does not increase the margin requirements. In fact, it should reduce them compared...
My comment on the ROI is that the return that counts is the overall return on the total capital in the account. Many of my individual...
Of course, AAPL could take a spill. The previous poster is correct-- max gain = 140, and max possible loss = 360.
emini wap-wap--- Were you selling puts last October and November???
maninjapan, Below is an example of locking in a profit, while still looking for more. I will be using a simple vertical spread because it...
Walt, you and I had previous discussions about a double broken wing butterfly which relates to this discussion as there are essentially three...
Mark, Ignore the naysayers. You're a credit to the options business, and it's obvious you know how to make money at it. I do many things in a...
Spin, TOS gives you all the greeks for each position automatically. I often have multiple legs, and it puts them all together in a very easy to...
erol-- interesting thought, but... I don't see it as much of a hedge short term against a violent move in either direction. You might get lucky...
I'd say the RUT, SPX and NDX are all good choices for this try. Let us know exactly what you're trying and how it goes. Here is a suggested...
Walt, I have thought about using a double BWB and think there are situations where it would work just fine. You either end up heading towards...
penngator, Mark is right. SPX is the way to go. The commissions savings are substantial. If you pay $0.75 per option ( a decent and fairly...
JJacks-- you are right. The brokers have a financial requirement and a practical business responsibility to have correct information. If they...
Yahoo's option data has some problems. It often includes two series within the same chain without having any way of identifying the difference...
Why do you think we travel to Texas, California, Arizona, or Hawaii in the winter? By the way, the temperatures this week are predicted to be...
Covertibility, I'm not sure if Canada is what you define as a socialist country, but I will tell you this much. I live in Calgary, Alberta and I...
I must say that I am enjoying the conversation--even though I have been away from it for a few days. It's always good to have some sharp guys...
drcha, More liquidity helps, no question about it. Nevertheless, I had pretty good success getting filled on the NDX most of the time, and last...
Optionspoet has a very good point. With CTM options, the action is much faster. Even a 10 point move can have spectacular results, both good...
Separate names with a comma.