Recent content by AngryErik

Disclaimer - I'm faaaar from a professional trader - just an amater. I could be completely wrong in anything that I say. That said... You're agreeing to buy shares at a price of $34, and have the option of selling shares for $36. Your net commission is a credit of $0.10 per share. The only...

Imagine you have a short strangle... say +/- 2 strikes in either direction... say the stock is trading at $15, you have a short call at $13 and a long call at $17. Net premiums are $2.2 for each direction, which means that assuming you are within your strikes, you end up with a raw profit of...

Well, assuming that you're already comfortable with Linux (I'd consider it a bad idea to use an OS you aren't familiar with, when you're playing around with money - imagine something "happens" while you're in the middle of a trade you need to watch), I'd suggest Interactive Brokers. If you were...

Hi there, I'm trying to make sure I've got this right. It'll suck that I hadn't thought of this, but I guess that's life. I sold a strangle on a nice stable stock... 2 days left till close, and it is sitting right in the middle of my strikes. I got assigned on the call last night... I'm now...

I'm relatively new to trading as well, but my exit strategy is a mixture of trailing stops, stop limits, and brackets. About trailing stops, I've noticed that if the underlying is volatile and/or your trailing stop is too tight, you'll get filled early and miss out on profits. Of course, if...

My personal favorite for identifying patterns is a neural network. Doing a google search for Neural Network Pattern Recognition would yield much information on the subject. That said, ANN trading isn't new, and since it isn't the defacto standard for beating the markets, it isn't really that...

Ah, I see the error in my calculations. I'm double-dipping on the PUT premiums for the downside risk. I'd be buying the shares for $22, and collecting the premiums of $14.30, for a downside BEP of $7.70.

Hi there... looking at the Blackberry stock on the TSX, with the present values: BB SEP 20 '13 $22 PUT has a bid of $8.85. BB SEP 20 '13 $10 CALL has a bid of $5.45. Position would be to Short 1:1 a CALl and a PUT. (Short Gut spread) With the closing price at expiration inside the $10-$22...

heheh, I just closed my puts (okay, not a short, but same thing) this morning at a healthy profit. Bought them at yesterday's high. BeginnerJoe, were you referring to the option of buying the shares I shorted, or were you actually meaning that one of the possibilities (I guess it could be...

Just a poll. I'm presently short on them... think they're going to plummet shortly after their new handheld release, then sell off a bunch of licensing and skyrocket again. Definitely watching it closely though. Poll relates to long term views, say, 1 year from now.

Sorry for the delay in getting back to this one.. hell at work lately, trading had to go on the backburner for a bit :( Appreciate the further replies. I guess all I'm really looking for, is getting in on that juice the market maker is getting. Particularly since the broker that I'm looking...

Intereting. So, placing at the present ask/bid will add liquidity in your view. Appreciate your answer :)

First post... looks like a great forum, ended up seeing references to it from other websites about trading (mostly in blog comments and the like). After seeing a number of interesting threads, and after a quick search I can't find a definitive answer to my question - perhaps I'm just blind, or...