OK, this is a winner! Keep doing these. Inital credit 1.80 Second credit 8.30 - 5.70 = 2.60, Total credit 4.40
Sorry, see below
zdreg, thanks for explanation Yes, I thought that was a way to ask a question. Michael
Falconview, here is how it works. You had a credit of 1.80 on opening, then it cost you 2.80 to close it (debit), so you lost 1.00 on that trade....
zdreg when do you use those market on close orders? thanks Michael
TJ Great to hear you are loaded! Good sign! Falconview, just read the latest Monthly Cash through options newsletter and interesting to see...
Good question, just a feeling from what the market is doing and where I am comfortable. I have done sometimes just one strike, sometimes 2. No...
falconview, I read someone say to close a position when the cost to do that is 150% of the credit you received. So say you have a position that...
Falconview, any idea where you saw this. I would love to find out the or details. Thanks Michael
And this is what I read about time and time again, a few winning months and you think you have it figured out. I know I dont, and will try...
falconview, back around page 47 or so, I posted all of my positions and adjustmens for the month. That along with the recent ones I mentioned will...
falconview, yes actually if they expire worthless, I will be up about 5% for the month, after all the adjustments. Yes it does eat into the...
Hi guys, was away for a few days. Last week took advantage of of the larger down swings and closed the 2100/2125 NDX calls for .30 debit to be...
Falconview. I agree, the hard sell ones you can spot a mile away. Usually have some time limited special, and go on and on I have seen a few i...
falconview, didn't you have to give your email for this site? So TJ, two different views. Personally I would market to those people who do...
Great concept, but you need some work on what you think your knoweldge is worth! Do not offer to let people pay what they can, or most will...
TJ, yes thanks I did get the emails. A lawyer is needed to help witht the intellectual property. Haven't had a chance to talk to the broker yet....
TJ, I just realized why I couldnt answer the spread/condor comparison question. I HAD NO CLUE WHAT A CONDOR WAS! I had only looked at Iron...
falconview, losses are just part of the nature of the way we want to trade. Hindsight as usual is perfect, but it could just have well kept going...
TJ, can I cheat and ask you for both? (then I might be able to figure out the distinctin myself) Thanks Michael
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