Recent content by ACstudio

The prices look about right now. But ye you were correct to not think that there was any free money there.

Just manage the Deltas. If you own 100 shares of stock you have 100 Deltas of risk...if you own 20 shares of stock you have 20 Deltas of risk. If you sell a 1 lot of calls at the .30 Delta you've taken off 30 Deltas of risk. If buy a put at the -.30 Delta you again take off .30 Deltas of...

Ye you're missing something. Include the ticker for quicker response so we don't have to take the time to write..."What's the ticker?" then wait for your answer. Maybe a special dividend or really wide bid/ask spread or something..

I'm reminded to be patient when my impatience costs me money. Cause and effect.

Ye +1 that for Thinkorswim. You'll need to create a TDA account but you don't have to fund it to use the papertrading feature.

I treated myself to the same...I have several computers but wanted one that would mostly used for trading. I decided to get a gaming laptop...figured that would handle all of the graphics needs I might have for a few years. And ye I will run an extra monitor at my usual station. Kinda nice to...

My worthless opinion. Go for it. Your 25, no wife, no kids no risk to anyone but yourself. When else in life will you be able to take a shot like that? I've had a lot of jobs...you can always get another one...and I don't miss any of them. You can always make more money. The lessons you...

What's an average return?

When I go to the casino I go to play craps. I bet the minimum on the line bet and max the odds bet. Once the point is established I bet the min on the Come line and then put max odds on those. I usually only go out 2-3 numbers at first. Once I'm down 200$ I walk away and play some penny...

Who knows....and in what time frame? But you might ask yourself this. If the IV percentile of USO is 91% that means the expected move for the next 12 months is around 17$ either way. It is currently trading at 18.29$. Which side do you think the risk would be on that trade?

As long as someone wants to re-define the term "gambling" to fit their needs or makes assertions that everything with risk is "gambling" then any discussion as to the relationship between a casino bet and trading is pointless. Usually what this discussion is really about is when someone says...

If the definition is simply your interpretation of what is risky or too risky then it is completely subjective. An objective definition would be that in trading I can take either side of the trade of an efficient market...in gambling I cannot. As per your analogy if I thought that one side of...

Are you suggesting that the question is defined by an event?

Then if what we are talking about is just "what someone feels" then the entire discussion is pointless.....as would be any discussion if it was just based on what one felt.

1st....Assuming we are not talking about gambling as "anything involving risk" as this would be pointless as we might as well discuss whether or not we should get out of bed in the morning. I went through 23 pages and not one mention of the obvious. The simple difference is that when gambling...