roperfam, YES, you can lose money doing that!!! Here's why: If you write far out of the money spreads, you will receive only a modest premium...
If your broker shows other people's orders, check and see if there is a spread there that matches what you want (them buying and you selling or...
xtanda--- does Interactive Brokers (usually referred to here as IB) operate in Australia? If so, you should check it out. I live in Canada, and...
MTE-- I take your point. Of course, the distance from the money makes a huge difference in the return and also in the probability of loss. Most...
Chris, actually I make many trades that I think might be losers because I know that my average of predicting the market (and I mean magnitude,...
Re: forex's comment on knowing the risk beforehand with Iron Condors. I agree that you know the risk up front, but you never want to be saddled...
I didn't check out every trade you made, but I think that the market is beginning to make a rebound. It moved 10% back in one week, and many...
Since when is Canada joining the EU?? I'm Canadian, and I don't think we'd be interested in doing that. We have solid banks, sensible mortgages,...
IronCondor--Here's my answer. Don't trade Canadian options! As a Canadian, I hate to say it, but most Canadian options aren't very liquid, and...
Your AAPL spread picture looks interesting. Theoretically, there is a place between 95 and 100 where you could lose everything ($4.45 ), but with...
Go with regular NDX options. Expiry will not match exactly, but correlations on price (which I assume is more important) will be 98% + which...
Walt, Good conversation so far. Now can you set up a specific example, using AAPL for example. Pick your spreads and use real, during the day...
Oops, didn't read your post clearly enough. You were talking about debit spreads.. In that case, you would pay mighty close to a dollar to make...
Walt, an ATM IC will very likely lose money. You will not receive enough credit to offset the likelihood of a complete loss on one side of the...
Walt, Just a quick note-- Nassim likes to finance his position with CREDIT spreads, not debit spreads. There is a crucial difference between...
I think Atticus means that they had to pay up big time. If they were completely naked, they could actually have gone in the hole with the...
Getting back to covered calls. The reason they're a poor hedge is really simple. You own stock or indexes worth 100K, you sell 30 day (current...
jhucti, You send in a limit order at the midpoint or a few cents off it and hope it is traded. Do this on Thursday afternoon with say a half...
I think you may be confused about strike prices. On a $10 stock, the strikes will either be $1 apart or $2.50 apart depending on the interest in...
NDX options are very good for trading. Generally there is good volume, and 0.10 off the mid is achievable within minutes almost all the time....
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