that wasn't my intention. my bad. deleted it. The conclusion I drew from the two other pieces of advice was that resistance IS in fact futile....
The PMCC discussion was a bit of a detour; my apologies. My objectives with the PMCC index ETF portfolio were to a) beat the "index", and b) do...
heheh, well, vertical spreads it is! There are certainly plenty of knobs to turn... Thanks for the help.
For the record, it's not that I'm losing money; I'm just not convincingly beating the index. And if I can't beat the index, then I want the P&L...
I should have mentioned that I've been trading the poor man's covered call (just a diagonal call spread with a long-dated deep ITM long leg) for a...
haha, well, I was happy to have someone else fill in the blanks on this matter. As an oil company whore, I'm not allowed to weigh in. :D
@Robert Morse and @taowave thank you for the replies. One thing I like about options is that even a putz can cheaply make a negative directional...
There's a guy on YouTube who lives in Saskatchewan and drives a Tesla. I asked him how (Canadian) cold weather affected battery life. He said he...
I tried asking this question earlier, but I think I asked it wrong... Even though I've been messing with options for a couple years in my spare...
Remember when everybody used to make fun of GM & Ford cars as being so crappy that rental car agencies accounted for much of their sales? :rolleyes:
I guess we can all aspire to be professionals(?). Or they hope we do. Do you find that IBKR provides most of your useful data feeds, or do you...
Got any books that stand out in your mind as useful? I'm always on the hunt. In options, it's slim pickings.
Cool, thanks. What is OCC PM? I'm reading a Mark Minervini book, and I know people dish on him here, but his thought process seems similar...
I just moved the money from my Merrill-Lynch test account into IBKR. Looking forward to digging into that platform. It looks powerful, but...
Basic question #5 in the "taking one for the (B) team" series. How do you measure "success" in an options trade? The question sounds trivial,...
Well, this is my pat on the back for the day: I actually do something that real trader would consider common sense. Maybe this is going to work...
trade 2: IWM short iron butterfly, expiring 12/17/21, wing width $5. directional assumption: slightly down. highest RSI since June. [ATTACH]...
The "proxy option" is not a profound concept; just a quick way to model an option's price as time passes and the underlying price changes. Say...
SPY Short iron condor expiring Dec 17 with $5 wide wings; nearly an iron butterfly. directional assumption: flat to slightly down [ATTACH]...
I wouldn't bother reading it if I was you. If it's coming out of my keyboard, it probably ranges between Crap and outright disinformation :D....
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