Monday, July 27, 2009

[TheOptionClub.com] Options Sectors

 

The easiest outline I've come across for stocks and their corresponding groups/sectors is on Toni Turner's site. Would someone be kind enough to recommend a website that ranks these groups/sectors each day or week? I appreciate the help.

__._,_.___
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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Sunday, July 26, 2009

Re: [TheOptionClub.com] Agricultural options

 

--- In OptionClub@yahoogroups.com, "Piet Joubert" <pietjo@...> wrote:
>
> Hello
>
> To what extent are agricultural options traded? What is the underlying being
> used (symbol)? I have entered corn futures /ZN in TOS paper trade and got a
> caution message that the option may have problems to fill because this is an
> unusual trade.
>
>
>
> Thanks
>
> Piet Joubert
>
/ZN are Treasury Note Futures....Try /ZC

__._,_.___
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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Thursday, July 23, 2009

[TheOptionClub.com] Re: Live Presentation With Don Kaufman from ThinkOrSwim

 

Chris,

As luck would have it, about halfway into Kaufman's enthralling presentation, the power failed at my house. The neighborhood transformer blew out. Five hours later we had power again. Lost all my notes, and of course the end of the seminar.

When you have this presentation available as an archive, please post on how I can finish viewing it.

These Texas summers are murder on electricity distribution infrastructure.

Thanks in advance,
Steve G

__._,_.___
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] Old Leaps What to do?

 


Why not sell calls against it? Wish I did that when I had a leap on the Japan index.
You will get a P&L profile to watch too.

Ross

--- On Thu, 7/23/09, Rob Hansen <robhansen5252@hotmail.com> wrote:

> From: Rob Hansen <robhansen5252@hotmail.com>
> Subject: [TheOptionClub.com] Old Leaps What to do?
> To: OptionClub@yahoogroups.com
> Date: Thursday, July 23, 2009, 12:27 AM
> I've been stuck with a leap position
> in GBX left over from the days I was experimenting with CSE
> techniques.  I owned the stock, was selling calls
> against it, but then the stock just tanked.  One of the
> CSE techniques of rescuing the trade involved exchanging the
> stock for a leap, and now I am stuck with 10 of the GBX
> Jan10_20calls.  My cost basis is $8.84 and it is now at
> 0 bid, .30 ask.  The leaps were purchased in March of
> '08.  I haven't done anything with this position since
> last September except to watch theta eat away at it while
> the price of the stock continued to sink.  Anyway, is
> there anything I can do with this position to maybe generate
> a pittance of income until it expires?  Any ideas at
> all?
>
> Thanks,
> RFH
>
>
>
>
> ------------------------------------
>
> 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.comYahoo!
> Groups Links
>
>
>     mailto:OptionClub-fullfeatured@yahoogroups.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.

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Wednesday, July 22, 2009

[TheOptionClub.com] Old Leaps What to do?

 

I've been stuck with a leap position in GBX left over from the days I was experimenting with CSE techniques. I owned the stock, was selling calls against it, but then the stock just tanked. One of the CSE techniques of rescuing the trade involved exchanging the stock for a leap, and now I am stuck with 10 of the GBX Jan10_20calls. My cost basis is $8.84 and it is now at 0 bid, .30 ask. The leaps were purchased in March of '08. I haven't done anything with this position since last September except to watch theta eat away at it while the price of the stock continued to sink. Anyway, is there anything I can do with this position to maybe generate a pittance of income until it expires? Any ideas at all?

Thanks,
RFH

__._,_.___
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] jellyrolls and boxes

 

With all the technology out there it’s really archaic to calculate boxes and rolls. Yet, I have a fondness for these exercises. The point is to 1) look at and understand synthetics to see if there are possible price opportunities (i.e. arbitrage which is rare but does occasionally pop up for a moment or two) and 2) get acclimated to how option relationships work and evolve. This latter is where the real training can be beneficial in the long run. It’s sort of like learning and practicing very fundamental strength and endurance training while preparing for say a triathalon. If you can continuously and comfortably flip the calculations of boxes around in your head you will be gaining very deep understanding of price movement and price relationships. I am still fond of looking at butterflies across maybe +/- 5 strikes on all the instruments I trade.  Nothing gives me a better feel of how volatility is changing and that info can provide all kinds of tradable opportunities.

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of James Fink
Sent: Wednesday, July 22, 2009 9:58 AM
To: OptionClub@yahoogroups.com
Subject: Re: [TheOptionClub.com] jellyrolls and boxes

 




Opinions can vary, but I think jelly rolls are best left to market makers.

 

From: David Steele <dsteele_24@yahoo.com>
To: Option club <OptionClub@yahoogroups.com>
Sent: Tuesday, July 21, 2009 5:39:47 PM
Subject: [TheOptionClub.com] jellyrolls and boxes

 

does anybody used jellyrolls and boxes to determine which is the best calendar to used(put or call calendar or vertical(bull call, bull put, bear call , bear put) for boxes. what difference does it make using these techniques. i have watch some of Dan Sheridians videos and  Ron Ianieri videos and they used these techniques to determine which is best to used. are these just market maker techniques, and does it matter if regular retail traders use these for finding the best strategy to used.

 





__._,_.___
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] bought a straddle

 

now I want to sell. do I need to sell each leg?
I want to let one leg expire, thus canceling the other leg

I use etrade; I bought the strattle, but I can't sell one leg after exercising the other except by doing it by hand. The platform is no help.
Does anyone know how to use the platform to cancel the other leg after exercising the one?

__._,_.___
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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