Lame.
Bring in TOS on a memotry stick.
TOS uses java to get data whether its run via web or resident. 
Joe, if you ever need a chart drop a PM or what not. You should get a laptop and a cell wireless card, or wouldn’t they allow that at work?
I really could use a options for pseudo dummies course, I’d be willing to share whatever I know or have. I know the core options stuff but the time decay and estimating time of strike is where I just shut down mentally. As much as I “predict” I try not to predict really. So for me to say in August I expect this call to be worth $xx is hard for me to fathom. Maybe I’m thinking about it wrong and not using the volatility right?
I only buy options for 2 months out, max. There’s too much uncertainty that can go on in a long amount of time that you can’t possibly forecast. That and the time value far outweighs the actual in-the-money value.
My strategy of choice is in-the-money puts on leveraged ETFs on the sectors I choose to trade. I find that the leverage decay generally more than offsets the options time decay. If I don’t have a real strong read on the situation, I will hedge with an out of the money call, or put on the opposite ETF, with the reasoning that I can usually cover 90% of my investment for 10% of the cost.
For example, say I think financials are going down so I buy a $12.50 July FAS put today for $3. FAS is currently $10.50 so $2 is actual value and $1 is time value. RIFIN, the underlying index, is around 660. If RIFIN is at 660 on july 20th, leverage decay will have eaten FAS to 9.50 or lower, and I’ll break even or have extra bonus profit.
Yea, I tether y cell phone when I want to get around the man.
I need to get better in tunes with options as a way to hedge, rather than a primary investment strategy.
Have you tried freestockcharts.com ?
It uses silverlight…dunno much about that technology at all. Is that something you can install/run? Ima give this a run tomorrow and see how the data comes through being free RT. Hrmmm.
http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html
I just gained access to a professional level software (Investor/RT) that’s pretty reasonable for any active traders/investors. It’s strength is market and volume profiling which shows market structure and enables you to become a VALUE based trader. It’s profile capabilities are top notch! Check out the link above for my screenshots and clarification/training about what “VALUE” encompasses. 
Hope yall are tightning the belts as we hit MAJOR resistance here.
Sign up…ask questions…keep me busy. It’s free. 
BUMP. Keep the thread alive. SnP is at the top of prior resistance and now confluent with a mid term trendline down. I have some kick ass software for market profile now…below are some writeups I’ve done to help some understand market structure, auction theory etc…
http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html#post6541
and
http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html#post6541
Enjoy.
:tup:
I have been doing a lot of reading about options trading and technical analysis.
TradersBASE your graphs and forum overall is pretty great. Thanks.
Thanks. I’m back into market profile now that I finally have the proper software and not some hack junk.
Options are another thing a few members of TradersBASE are teaching me over skype. And I have 2 good books, “generate thousands” and “understanding options”.
Any books you suggest or find easy to understand. Options are kinda rough…the psych side of TA is easy to me but not the math on options. LOL
lol, I love options. But if we continue to rally all day I am taking out a short position at EOD.
LOADS of hype out.
We aren’t deserving of permabull here IMO. We’re expending all the hype and were merely at a 50% fib retrace and the lower trendline of the bearish channel before the nuclear fallout drop. LOL
Yeah, we’re definitely going to be re-testing some lows before too long. What’s your guess, November, February, or not as bad?
I’m not set on any bias here. Dunno if any of you check my blog but look at the chart I borrowed on this post.
That influx of lendable money will either cause another bubble of insane proportions or devastate the USD in it’s tracks. Nail in the coffin so to speak. I have to lean towards another bubble myself. That much cash infused could 100% cause a V bottom in the market. So I believe at minimum a correction is around the bend for the markets. I won’t go beyond that because who knows what a TRILL can do to the longer picture? I say print and give a million to every houshold. Our currency is meaningless anyhow…so we will be a nation of millionaires. Untill we go to buy something that is. LOL. $50k for a can of coke??? WHATTT???
Be fearful when others are greedy? HRMMM.
Loads of excitement and hype, at the 50% fib retrace and kissing the trendline. A convincing break with a passed test of the resist turned support would be something the bulls should be excited about. Not just making back to resistance, this is where profit should be taken using proper TA.
The combination of rising demand and peaking production of oil, with the ridiculous hike in the money supply makes oil look like an incredibly safe long buy.
Oil is pretty safe, due to the ability of producers, if worst comes to worst, to hold it all in tankers if prices are too low and cause contango.
What do you guys think about UNG?
It is pretty obvious that I am bullish commodities and Jim Rogers just so happens to be my hero, so I am very tempted to jump into natural gas at its lows.
I love on stock boards where people are like “oversold”, “overbought” or “illogical”. Anyhow…The white arrows/highlights are my opinion on this currently. I see divergence in a period where price action was thrown massive volume and it flattened out. Volume + price action = market sentiment. Combining the influx of huge volume, and it not leading to further downtrend I would be looking bullish in the longer term as well. As long as future lows are low in relative volume that should be the “stopping” volume this just saw. There was rejection at the 21ma so we could see lower before higher. Have a strategy to scale in or run on new lows and rebuy perhaps.
UNG looks like it will trade in range to me for the immediate future based on those charts. Volume tells me it’s probably more accepted at this level and my guess is consolidation at 11.xx to 13.xx
I use a fundamental seasonal commodities strategy barring freak events like oil last year that works very well. Buy oil in feb-march when the february futures expire and short natural gas. Gas is just winding down for the winter and oil/gasoline demand is about to pick up for summer. When the september contracts expire, go long natural gas and short oil.
Give it another month and UNG is a strong buy.
Appreciate your opinions & analysis. I will keep them in mind.