Roll Call: Options traders

Discussion in 'Options' started by EMini-Player, Jul 16, 2003.

  1. Open interest has nothing to do with getting filled ...
     
    #11     Jul 16, 2003
  2. How about theoretical edge, or lack thereof?
     
    #12     Jul 16, 2003
  3. The only things that should affect a fill are locked (in some cases), crossed (most of the time), below parity (sometimes), fast markets (the kiss of death) ...
     
    #13     Jul 16, 2003
  4. Yes, but it makes me feel better knowing there are other fools out there holding the same contract as me :D j/k

    -FastTrader :p
     
    #14     Jul 17, 2003
  5. lindq

    lindq

    Don't be tempted. As a special play now and then, okay. But on any kind of a regular program you will get chewed up with spreads and decay. Been there, done that. If you have a successful swing system, stick with stocks or SSFs.
     
    #15     Jul 17, 2003
  6. DblArrow

    DblArrow

    I have just started the option scene. However on the sell side. Been waiting till about a week and a half before expiration, and using the same analysis I do for my day trading, get an idea of the direction on the daily and sell puts or calls. Have done a couple covered, but mostly naked.

    i.e. Just after SONS hit its high, along with a bunch of other stuff, I sold the max number of calls that my account would allow. Didn't have much wiggle room but was convinced it was going down. Of course had an exit point should it have gone back up, but all my stuff told me it was not. And I am actually up more than had I just sold the stock short (using my account size and trading the max shares). True it could continue down but by the end of tommorrow It will be on to another trade.

    Make 'em pretty, Chris
     
    #16     Jul 17, 2003
  7. lindq

    lindq

    If you continue to sell naked, you will have a short trading career. The few premies you gain from the strategy will look like a joke when the underlying moves against you. If you came out ahead this time with naked calls, consider yourself lucky in a falling market, and leave the strategy behind. If you can pick stocks and forecast movement, you are far, far better off in the long run with the stock or an SSF. Trust me.
     
    #17     Jul 18, 2003
  8. DblArrow

    DblArrow

     
    #18     Jul 18, 2003
  9. lindq

    lindq

     
    #19     Jul 18, 2003
  10. Y, trade options...

    what kind of trades are you considering ?

    Ice:cool:
     
    #20     Jul 18, 2003