If we believe the option pricing models there is no inherent benefit to buying an option versus selling an option. If there was, the edge...
Take it from another dad, you won't miss the sleep. Well, you will but it you don't really. Enjoy the experience! Congratulations!
These are actually pretty interesting trades. If you have access to a decent options analysis program you can change the implied volatility...
Your break evens will change with a change in IV. Double diagonals are rather sensitive to the effects of implied volatility. An increase in IV...
cdowis, How do you plan to deal with a drop in IV? -Chris
Andy, I'm not sure I'd agree with your statement. When implied volatility is low, option prices are relatively inexpensive. All other things...
Limiting your losses is where the money, long term, is made.
I echo the coach's comments on this. I also closed out my June put spread for a loss, because it triggered my stop at 1,230 and my trading plan...
It looked like we were going to have a nice flat day. I walked away from the computer and the market fell off the edge. The only green I see on...
Yeah, today was a real "thumper" and really tests your trading philosopy and mental toughness. If you're still holding May positions I would be...
You are now five points away... :eek:
Coach, Where does the research start? In other words, assume you recognize a change in market fundamentals (e.g., rising interest rates) and...
Coach, I am very interested in your thoughts about CEF's and would welcome a discussion about selection criteria and other related matters,...
Phil, As requested I'm posting my net results for trading October contracts on the SPX. The details of the month's trading are documented on...
Well, I had never done it over two days either. When I realized that I wasn't going to get the order off I sort of stared on the screen for a...
Hey, Phil! Just thought I'd drop in and see what you're doing with this market the last few days. Our brokers are loving us this week! I've...
zman... Nice fill! There is quite a bit of support between you and the market. Just keep an eye on things...
You really touched upon the essence of trading here. Coach Phil does such a fabulous job of explaining the basics, getting the essential concept...
I could not agree more with Phil's last statement. In the past, I have traded credit spreads and iron condors on individual stocks. While I...
Risk is always what counts. Personally, I don't have a problem with closing the one spread and rolling to the other. My personal preference...
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