I have a word of advice for you. Make the trade when it's there rather than scheduling one trade per day. It may take a couple days for things to line up. Good luck Increasenow. You're going to need it. Beware of size. Wilt: I've seen that same thing happen. Back in the "good old days" 97-99 it was indeed possible to turn 10 K into 100K +. Also possible to have it eat your shorts. $1000 per day gain on options only was easy. Look at the price history on stocks like Qualcom, INTC, CSCO. 40 contracts and a quarter point move on the option was all it took. It took more than a thousand bucks to lay the position on though.
I agree. Even if you have correctly called the direction of movement after the earnings announcement, the vol is likely to contract because the 'unknown' is now 'known.' I don't like holding into an earnings announcement.
quite true but surprisingly, RIMM's IV hasn't increased that much over the past month. What happened to the good old days???
I think that the peeps in charge of the lexicon should change current vernacular to "They went down in smoke"
Apparently this thread has already been abandoned by the OP (as were several of his Forex threads). He already turned his 1000 sim into 100k sim, so now he has started a new thread to turn 100ksim into a milion sim. http://www.elitetrader.com/vb/showthread.php?threadid=176762