Interesting Question: I did try this in a big way for two quarters in a row in 2015. The logic seems to be solid in that right before earnings...
One of the best traders on the planet, Nial Fuller, an Australian dude, does exactly what you are asking. He recently won a big trading contest...
I got onto this thread from the weekly email and am a liitle taken back that the "fib retracements" are getting so little respect from this group....
Tell him it is just a game and he is hit the buy button when the green bars are going up and hit the sell button when the red bars are going down....
I admire your courage to put your trades out there for public scrutiny. However, I am blown away by your risk on each trade. Your "risk of ruin"...
A couple of members have alluded to it but the basic problem with your strategy is that the market makers build in such a large volatility premium...
From Mark Douglas author of "The Disciplined Trader" "If there is such a thing as a secret to the nature of trading, this is it: At the very...
Right now at 9:48 Central time MSFT is 46.54 and the 46.50 put is $.34 bid and the 47 Call is $.18 bid so best case scenario is much better than...
I hear what you are saying but by doing this on weekly options the returns add up quickly. I did try this several years ago on MSFT as an...
The conversation has veered away from this original question but YES, this is a viable strategy for playing a stock that you are comfortable...
In doing trades like this you should always know the "market maker expected move" for the life of that option. In this case for TSLA, expiration...
Thanks to you and all the others that responded. It has been very helpful and good luck to Depaul with the new coach and UIC. ILL...INI
I used Interactive Brokers many years ago and I found them to be great in day trading stocks but somewhat cumbersome in trading option spreads....
I look at the Eur/Usd and wonder why anyone would be short or long at the present time. It has been sideways for a week and you can force it into...
:confused: Free Thinker, I am just curious as to why you started this thread and what type of conversation you were trying involve members in....
AD, I know you are a more experienced and more profitable than I am, but someone told me this a couple of years ago and I have held it dear since...
When you tell all these stories about old guys, could you make 'em 85 years old instead of 65. It is giving me a complex.
I wondered what this thread meant. Thanks for explaning DB.
What you say ND reminds me of a couple of trades I made once two hours a part with similar price action. In trade one, I was long and it went...
Maybe OS is a little strong in expressing his opinion, but a stop does provide position exit discipline, and I would probably have had smaller...
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