Chris, With the occasional exception, I currently only trade the broader market indices, with my favorite market being the XEO/OEX. While I...
EliteThink, I hope you're right. I violated one of my cardinal rules today by buying back the short September XEO puts component of my iron...
Chris, I agree about not writing against the long option again when the near term expires. As I said, I typically like to have 2 months between...
Phoenix, Yes, I've come to learn that knowing when and which adjustments to make with the Greeks in mind is the true key to success in the...
MYDemaray, I agree. Straight calendar spreads, or any vega positive trades, haven't fared well the past 5 months. But, in response to your...
Phoenix, An iron condor is simply a short strangle combined with a long further out of the money strangle. Or, another way to define it, is a...
Chris, Combining calendar and vertical spreads (creating a diagonal spread) can be great in a rising volatility market. The trade is both vega...
Trajan, Thanks a lot for all the great information. While I obviously have much to learn about how this works, you've certainly armed me with...
I'm at TOS now (among a couple other places), and couldn't be happier from a retail options trader perspective. Certainly a huge improvement over...
Trajan, Thanks for the info. I actually have significantly in excess of the amount of capital you mentioned that I use for risk capital. So the...
Oy!! That would make my unfortunate experience at, in turn, SSB, Goldman, and Lehman, where I was charged exorbitant commissions for poor...
Thanks Pabst. That's pretty much the impression I got from the boards. Still, despite my obvious niaivete regarding how the prop world works,...
I've been trading limited risk volatility-based options strategies with a positive theta bias for several years now. Given the positive theta...
OptionVue can do what you want -- analyze a list of securities and, based either on a projected target price/volatility level, price range or a...
Thanks Lescor. Yes, I can certainly see the benefits to anyone, even a relatively well-capitalized trader, of being able to reduce the percentage...
Sorry Limitdown. I guess I haven't yet learned the proper etiquete of this site. It was an honest question from an individual trader without any...
Since leverage is apparently the main benefit of associating with a prop firm, it seems that reasonably well-capitalized traders (mid six...
Thanks for the thoughtful response. I've no doubt that what you say is true. Indeed, I run into similar skepticism all the time regarding my...
Hi all, I'm new to this board, but not to trading, having traded options primarily using volatility-based approaches with a fair amount of...
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