Thanks... already signed up and have started going through the massive amount of posts there... some very helpful stuff! Thanks, - The New Guy
Sold 1 naked CALL for GOOG 520 Jan07 @ 40.70 I will cover it back @ around $470 if it goes against me. This is my 1st option trade, I welcome any comment and criticism. Peppy
Nice trade, good vol-short. I'd rather sell atm and avoid selling curvature, but it will do well into a 10-20 point decline.
Selling -- straddle Buying -- strangle Both -- long natural fly What an incredibly-lame eZine, if I may add.
riskarb, there are two posts in here where you recommend selling straddles, the most recent your summary of straddle vs strangle today, are you intending to reply to this post from hajimow? Not disagreeing with your position suggest or siding with selling puts for a nickel, just curious if you could expound on advocating these sells, as the most ideal situation is the stock price being at 32.5 at expiration, which most likely would not happen. What's your exit strategy on the mentioned case 1 below? Thanks, this is my first post after just joining, traded for four years but primarily equity trading with some directional options (exclusive of one another), so your insight is very appreciated.
At optionsXpress: $4,177. Quote from Peppy: Sold 1 naked CALL for GOOG 520 Jan07 @ 40.70 I will cover it back @ around $470 if it goes against me. This is my 1st option trade, I welcome any comment and criticism. Peppy Quote from Rob on Business: Wow! How much margin or funds does one need to cover that trade in order for it to go through?