if you continue to buy more and more options and continue to pay premium, you are going to get hurt. IMHO, once you buy options, your major...
Tom, 1) Yes you can substitute stock. When you know your going to be assigned and you do NOT want to repurchase the options written, takes...
Yes. Not every stock (or index) can be traded with your desired strategy. OTM - you did not say how ar OTM, but the bid was zero, so it must...
Yes. Only choose stocks you want to own. Never write covered calls because the premium looks attractive. I mean: NEVER. You will wind...
Walt, Ditto again. You should welcome being assigned. Not fear it. One problem for people who adopt your strategy is not recognizing...
You have secured nothing until the position is closed. Currently, the trade is profitable, but is still alive and nothing has been secured. Mark
i don't understand why you posted this. But you have one glaring error, which tells me you are in no position to be offering warnings to...
Mark http://www.expiringmonthly.com/
You are describing my book. Thanks Mark Wolfinger (better to give my name than the book title)
OEX is American style. That's the only one among the major broad based indexes Mark <a...
Whenever you believe the stock is not headed lower Whenever you are willing to accept the option premium and a limit on maximum profit....
Call customer service. Immediately (ok in the morning) Mark
I don't know QT, but try the obvious: IBM Apr 125C Mark
What you are describing is not the way it works. Are you using COMBO to select he options in the spread? Do you see a bid/ask for the...
Mark
I told you long ago. Never use Yahoo for options data. i see that the same advice has been repeated here. Mark
Why is that 'obvious.' In fact, it's rather stupid. Mark
There is no MARGIN required, but you must pay the debit in cash. That cash reduce margin availability, so you gain nothing.
I enter only CLOSING orders before the opening bell. Anything else increases risk. Mark
There is no comparison. Future volatility will (after the fact) determine what the option was worth. IV is the the current estimate of...
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