Ok here's my suggestion. I was in the same boat when I started and the mentor I had started me trading options on the QQQQ's, the ETF that tracks...
"A CC is a BULLISH position: it's long delta, it makes a profit when the stock moves higher and it loses money if the stock moves lower (by more...
"The general problem with promoting the sale of naked strangles in a book that may be read by inexperienced investors/traders is that they don't...
"Strangles are for risk takers and no one else. And the authors you quote should know better than to suggest this disastrous strategy to the...
This seems to be getting off kilter. I do not write covered calls as a trading strategy. I bought COP as an investment at $49.50 because I...
"2) A CC is a BULLISH position: it's long delta, it makes a profit when the stock moves higher and it loses money if the stock moves lower (by...
"And if the stock is below 50, the stock is put to you and you own the shares - just as if you held a CC position." No. I do not have options...
"Last but not least your COP 2010 50 leap example of the put vs the call is way off.It has nothing to do with your trading mentality.It has to do...
Well I have shorted puts on ETF's and stocks for a number of years with IB , but am currently using MB trading and they don't allow selling of...
"P.S. I though we all learned that analysts were worse than worthless during the 1990s bubble." Yea that is true. But if the 1yr est. was $120...
"Yet you say you wouldnt be naked short calls or puts trying to sell IV.As far as I can see,thats exactly what you did.What am I missing??"...
Nothing to apologize about.
Hey I'm feeling famous, Mark quoted me on his website : http://blog.mdwoptions.com/options_for_rookies/ The quote is a little misleading...
"I am glad you said that as I have said the very same thing over and over and every time the stock tanks to the level I thought I wanted to own it...
"You are making the same mistake Yucca does....If its starts toppling,its over....You have a losing position that you are adjusting way too late"...
"What is your conclusion from what you wrote above?" I've had this discussion on ET with traders who are much more knowledgeable than I am and...
"If you are a directional trader who employs stops,than the same $ stop should be employed with option positions." I don't know if I agree with...
When I started this post I was just pointing out that in reviewing MY trading history and buying options as a way to make money on an anticipated...
Since this is a thread for conservative option trading strategy, I decided to park some money this year as I think we are going to be up and down...
"Capital preservation is paramount. Complacence is a killer." Tell me about it. After years of scalping on the Q's and OEX, last April I...
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