Don, What are the requirements for joining your prop firm? Also, under which conditions would you allow a new trader to trade overnight in the...
I appreciate your advice and encouragement... I will begin the implementation of this strategy and periodically report on it's status... Walt
I appreciate the recommendation, Optioncoach... I suppose that someday a safety net, such as the wings to cap my losses, will come in handy...
Thanks for the advice Riskfreetrading... unfortuneately, most of the points you made were a bit too esoteric for me. Perhaps someone can "shed...
Oops... how embarassing... sorry for my carelessness. I should have known better, as the ATR (10) was above 31...
thanks for the probability suggestion, but I must be off-base on something... today's range was from 1363.25 to 1365.75. That's a day's range of...
You're right, the market can easily reverse and drop 50 points; however, I'll have the resources to easily cover 5+ whipsaws of about 50 points....
You're right, simply buying a 1385 call if the market reaches 1395 would probably allow me to exit with a breakeven, as the premuim received from...
Here's an example of this idea... ES currently trading at $1360 1 contract - OTM Short Strangle [March] = 1395C ($1200) & 1320P ($1413)....
Very well... I will post an example later today on the e-mini, unless someone prefers another asset. The biggest challenge will be the relative...
You're correct if you do not protect yourself with a collar. However, the collar (long the asset & long protective put) or (short the asset &...
Only when the strike price is reached by the market price (when a leg is in jeopardy).
I'd like to share a technique that I've been analyzing for quite a while. I was apprehensive because of how simple it really is. I've been...
What type of spreaders and option traders were they (i.e. iron condor and backspread traders and naked put or strangle option sellers)? Walt
Has anyone considered selling strangles about 1 or 2 std dev ITM, with a 30 - 60 day expiration where the IV is at least 10% higher than the HV?...
I'm sorry commiebat, but I simply don't perceive the equivalency. I must be slow I guess... It seems to me that combining a bear call spread...
I'm not sure how you calculated the 190 loss at 36 or 34. You may be right... KISS (Keep It Short & Simple). What are your thoughts about...
You may be right faith, as that is the sentiment of MTE & Neophytenate... I think... The downside of strangles or straddles is the cost of such...
Thanks Steve... QUOTE]Quote from bigbiscuit: Heres the thread Maverick set up... Baird talks about something similar in his book...
It's hard to argue against this point, gentlemen. Although I would be tempted to cover the cost of the strangle by selling ITM options against...
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