Wednesday, September 2, 2009

[TheOptionClub.com] Re: RJ- Long WRANGLE

 

Ricky Jimenez" & Group
 
Found this reference and description on  http://www.elitetrader.com/vb/printthread.php?threadid=24449
 
"Posted by H2O on 11-12-03 06:42 PM:
A long (short) wrangle is long (short) both a ratio call spread and a ratio put spread. For example, puts might be struck at 90 and 100 with calls struck at 100 and 110.
__________________
H2O
To be everlasting you have to go with the flow."
 
Good Luck and hope it helps.  Tomaz M.


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The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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Re: [TheOptionClub.com] inquiry

 

Is this what you're looking for?

http://finance.yahoo.com/q/op?s=HUI-X.A

On Wed, Sep 2, 2009 at 11:13 AM, asdfffg1 <joshuas7@hotmail.com> wrote:
I'm currently using Yahoo Finance at night for studing ETF options activity after the close. I use Barchart in the same way for commodity options. Their both are extremely quick and easy. Currently I'm studying Index Options, and I've yet to
find a website (other than CBOE) that has daily option premium values for the days activity for my studying. I could have sworn yahoo had index option data. Can someone direct me towards a more basic index option site which lists daily option prices, in a quick and easy fashion? If Cboe is the only way to go, I'm more than happy to do the work necessary for understanding. I can get Coffee or Goog options prices in two seconds. I'm already up to 30 minutes in my search for 'HUI' options. Any direction/guidance is apprecitated.

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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[TheOptionClub.com] inquiry

 

I'm currently using Yahoo Finance at night for studing ETF options activity after the close. I use Barchart in the same way for commodity options. Their both are extremely quick and easy. Currently I'm studying Index Options, and I've yet to
find a website (other than CBOE) that has daily option premium values for the days activity for my studying. I could have sworn yahoo had index option data. Can someone direct me towards a more basic index option site which lists daily option prices, in a quick and easy fashion? If Cboe is the only way to go, I'm more than happy to do the work necessary for understanding. I can get Coffee or Goog options prices in two seconds. I'm already up to 30 minutes in my search for 'HUI' options. Any direction/guidance is apprecitated.

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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RE: [TheOptionClub.com] Charles Cottle Discussing MY Trades

 

Chris

 

I can assured you this, you will not be disappointment. I am a student of Charles Cottle since April. I paid a lot of money to join his group. I  started trading option 5 years ago with Optionetics. I was not thrilled after 3 yrs  going through most of their courses. I went through Ron Ianieri and Dan Sheridan and THinkorswim also before I  discovered Charles COttle. My trading has improved  a lot because of Charles. He is the best educator out there and very bright and smart guy. Folks this is the guy you want to learn option trading from. I am only saying this because I don’t want people wasting their hard earned on not too useful educators out there. Charles is the BEST. Dan Sheridan and Ron Ianieri are equally good but their style of trading is different. Charles greatest strength is on adjustment and position dissection. He is very very very very good educator.

 

If you can get through Chapter I of  his book,  you are on your way to a very good start. See you on Friday

 

Manny

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of clslaw
Sent: Wednesday, September 02, 2009 12:16 AM
To: OptionClub@yahoogroups.com
Subject: [TheOptionClub.com] Charles Cottle Discussing MY Trades

 

 

You guys should really like this...

On Friday, immediately after the market's close, I have arrange some time with Charles Cottle.  Most of you probably know Charles as the author of books like "Options: Perception and Deception," "Coulda Woulda Shoulda," and "Options Trading: The Hidden Reality," or as a co-founder of ThinkOrSwim.

He's one of the smarter guys I know when it comes to options strategies, hedges, and adjustments.

So, today I had him on the telephone and he agreed to join us this Friday for a webinar presentation.  I was feeling really good about getting him to agree, then he lays this on me...

Charles Cottle told me to forward some of my recent trades to him along with one or two of the recent videos from the Trading Room, so that he can review them and critique them during Friday's presentation.  So, basically, what you will see is Charles' commentary about a few of my trades as he walks you through them, discusses trade planning, hedges, and adjustments.

There is no cost to attend and I am assuming all risk of public embarrassment, so it's a zero risk situation for you guys.  I hope you can set aside the time.

Register For Friday With Charles Cottle 


I can't believe I've agreed to this...

Christopher Smith
TheOptionClub.com

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
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Re: [TheOptionClub.com] Option Spread

 

On Tue, 1 Sep 2009 04:29:07 -0700 (PDT), James Fink
<jimfink@yahoo.com> wrote:

>Option legend Tony Saliba used LONG wrangles to make money. He wanted to take advantage of short-term time decay combined with cheap wing gamma insurance against the big move.
>
>
>I assume if Saliba made money with long wrangles, you will lose money with SHORT wrangles because of exposing yourself to the risk of getting wiped out in a "black swan" gamma event.

I haven't seen a discussion of that methodology in any of Saliba's
three books. Can you give a reference? Thanks.

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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Posted by at No comments:

Tuesday, September 1, 2009

[TheOptionClub.com] Charles Cottle Discussing MY Trades

 

You guys should really like this...

On Friday, immediately after the market's close, I have arrange some time with Charles Cottle.  Most of you probably know Charles as the author of books like "Options: Perception and Deception," "Coulda Woulda Shoulda," and "Options Trading: The Hidden Reality," or as a co-founder of ThinkOrSwim.

He's one of the smarter guys I know when it comes to options strategies, hedges, and adjustments.

So, today I had him on the telephone and he agreed to join us this Friday for a webinar presentation.  I was feeling really good about getting him to agree, then he lays this on me...

Charles Cottle told me to forward some of my recent trades to him along with one or two of the recent videos from the Trading Room, so that he can review them and critique them during Friday's presentation.  So, basically, what you will see is Charles' commentary about a few of my trades as he walks you through them, discusses trade planning, hedges, and adjustments.

There is no cost to attend and I am assuming all risk of public embarrassment, so it's a zero risk situation for you guys.  I hope you can set aside the time.


I can't believe I've agreed to this...

Christopher Smith
TheOptionClub.com

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
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Posted by at No comments:

Re: [TheOptionClub.com] Option Spread

 

Option legend Tony Saliba used LONG wrangles to make money. He wanted to take advantage of short-term time decay combined with cheap wing gamma insurance against the big move.

I assume if Saliba made money with long wrangles, you will lose money with SHORT wrangles because of exposing yourself to the risk of getting wiped out in a "black swan" gamma event.



From: mcatolico <mcatolico@mindspring.com>
To: OptionClub@yahoogroups.com
Sent: Tuesday, September 1, 2009 12:18:32 AM
Subject: RE: [TheOptionClub.com] Option Spread

 

What exactly do you want to know? You've described the trade so you must
know what it looks like (butterfly with extra strangle at the wings). You
either enter it as a single order or leg in. since there are basically 6
components you can leg in probably dozens of ways. For instance if you want
to be short the wrangle such as -2 70p/+1 75p/+1 75c/-2 80c, you could start
with the short strangles if you are short term bearish on volatility then
add the long straddle close to expiration. If you are bullish on volatility
you can do the reverse. If you have a strong short term directional bias you
can do a combo, say long the 75 call and short the two 70 puts if you are
directionally bullish. And on and on. [you could even do the trade using
cross expirations such as long front month short the back month if you are
expecting some near term constrained action]

As far as adjustments, it comes down to whether you guess right on any of
the initial legs (or the whole spread if put on as an initial trade). Once
you are in any or all of the position the adjustments follow either a delta
neutral approach or some other preconceived or evolving adjustment strategy.
It's probably the most flexible position imaginable but needs some finesse
to get into for a decent price. Almost all my positions eventually work
toward a long wrangle (i.e. short the atm straddle body and long the otm
strangles) in some ratio or another. I can't say that I ever start with the
whole position as a single order spread but I do leg into it over a few
weeks.

-----Original Message-----
From: OptionClub@yahoogro ups.com [mailto:OptionClub@yahoogro ups.com] On
Behalf Of asdfffg1
Sent: Monday, August 31, 2009 7:12 PM
To: OptionClub@yahoogro ups.com
Subject: [TheOptionClub. com] Option Spread

I've searched a very large selection of option trading books, and trader
articles containing entry setups and adjustments for a short and/or long
wrangle. Bairds, 'Option Market Making', which is good, is the only one. For
those who know, any direction towards a magazine article, website, or
trading book, is much appreciated.

------------ --------- --------- ------

The goal of TheOptionClub is to provide a forum for members to work together
for the purpose of furthering our individual understanding option trading.
All messages and postings, and any materials circulated are provided for
discussion and educational purposes only. No statement contained in any
materials from TheOptionClub should be considered a recommendation to buy or
sell a security or to provide investment, legal or tax advice. All
investors are encouraged to consult a qualified professional before trading
in any security. Stock and option trading involves risk and is not suitable
for most people. There is no guarantee that any information provided is
accurate and, may in fact, be wrong. It is understood that the participants
in TheOptionClub have varying backgrounds and degrees of experience in
option trading, and that regardless of experience each member is considered
a student. As such, any information distributed through TheOptionClub
should be considered with a critical mind and not relied upon as an
authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscr ibe@yahoogroups. comYahoo! Groups Links


__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
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