Any thoughts on whether the imminent launch of the new Gold ETF might reduce demand for the mining company stocks given that some non-futures...
How about starting with a few books (i.e. McMillan, Natenberg, Cottles), then some paper trading and then an actual real live trade. It will cost...
Yes. That would convert the position to a long call and put calender. You should check the volatility skew, if any, before making such an...
Chris, Interesting. We should compare notes. With regard to your question, I'm not sure what you mean by "dual IC's". Could you give me an...
Eldredge, Maverick answered the question far better than I could. One thing I'd add though. I actually put a good deal of effort each month...
Mr. Market, While I don't question your results or the robustness of your approach, I find something a bit troubling about much of your...
Chris, I was reasonably profitable last year, but I don't think the comparison is valid since I had not fully settled on the iron condor...
Agree. With one-sided credits, strong/weak stocks nearing support/resistance are the best candidates. Butterflies or iron condors are better...
Why would you do a 105/100 bull put spread with the stock at 100 if you thought 100 was the relevant support level? You'd lose money if the stock...
Ice, Thanks for the kind words. Happy holidays and all the best to you in '04 as well. HD
Mav, Very viable strategy. I'll be following this thread with interest. To get the discussion moving, I was wondering whether you've...
Yes.
Chris, A key to trading these positions successfully, in my opinion, is to avoid adjusting them too soon. That prevents the type of whipsaw...
Chris, Yes, I agree that the diamonds wouldn't really work as a gamma hedge for my purposes given the high correlation to the OEX. But in...
Chris, My November XEO IC -- 490/500/540/550 -- did well, with all options expiring worthless yesterday, and the trade ending up at max profit...
Riskreward, It really depends on your risk tolerance and how much size you're comfortable doing per spread. But as with all trading, the more...
Riskreward, I didn't say the positions would be unprofitable without a noticeable skew. Rather, I suggested that, unless the implied volatility...
Riskreward, Sounds like you're suggesting an out month iron butterfly or iron condor. If so, you're correct that your margin will be reduced as...
TOS is very good. However, Cottle no longer works there. So they may not longer be offering the book with new accounts. Not sure.
Mav, Thanks for the reply. Yes, even I, with my aforementioned limitations, can handle 5-10 positions at a time. I was under the impression...
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