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Thomsett

Thomsett
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  • Are You A Pattern Day Trader? [View instapost]
    The problem with being a pattern day trader is that it flags you - and getting the designation removed might not be at all easy. Although intended to prevent abuses, it often just inhibits active traders from doing what they want to do. I agree with you - that is wrong with active trading, as long as you have the collateral to cover your positions?
    Jun 3 08:45 AM | 1 Like Like |Link to Comment
  • The Ratio Calendar Spread - Options With Creativity [View instapost]
    Of course you can enter any form of order you wish, but it makes more sense to me to set up strategies that won't become catastrophic ... that seems more prudent.
    May 23 09:40 AM | Likes Like |Link to Comment
  • Delta As A Signal For Timing Entry And Exit [View instapost]
    When delta is high you would expect the option to move more rapidly than the underlying p0rice, and when low it would be less responsive.
    May 19 11:35 AM | Likes Like |Link to Comment
  • Delta - A Timing Device For Options Trading [View instapost]
    Thank you ... I find that we can all use as many reliable indicators as we can find. However, relying on any single indicator may also mislead. I have recently become a believer in short-term options swing trading, based on underlying chart reversals and confirmation, and delta works as one of several valuable indicators in that process. - Michael (ThomsettOptions.com)
    May 3 08:57 AM | Likes Like |Link to Comment
  • Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
    Even if you cannot attend, please register now and view the webinar later. After it is complete, you will receive an e-mail with instructions for downloading. Thanks, I hope to see you there. - M
    Apr 24 11:45 AM | Likes Like |Link to Comment
  • Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
    Free webinar about covered calls ... including a comparison to uncovered puts. I hope you can attend this Wednesday at 4:30 EST. -- Michael
    Apr 23 08:23 AM | Likes Like |Link to Comment
  • Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
    Free to register, insights on covered call writing.
    Apr 22 08:31 AM | Likes Like |Link to Comment
  • Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
    You are invited to attend a free and informative webinar
    Apr 21 01:38 PM | Likes Like |Link to Comment
  • The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
    Thank you for your comments. I have also been experimenting with a calendar version, with short call one month later than put. This virtually eliminates early exercise risk since no one would want to "buy" all of the time value. I have opened 6 dividend collars over the past month (best one was on IBM) in my virtual portfolio at my website, ThomsettOptions.com -- here they are:

    Date

    opened description basis



    GIS modified dividend collar (4/8 ex-div)
    21-Mar GIS - buy 100 shares @ 47.67 4,767
    21-Mar GIS - buy 1 APR 48 put @ 1.15 115
    26-Feb GIS - sell 2 APR 46 calls @ 0.80 -160



    27-Feb MO - dividend collar: buy 100 shares @ 34.10 3,410
    19-Mar sell 1 APR 34 call @ 0.26 -26
    buy 1 APR 34 put @ 0.88 88




    Gen. Dynamics (GD) - div. collar 4/8 ex. 0.56 div
    26-Mar buy 100 shares @ 70.31 7,031
    26-Mar buy 1 APR 70 put @ 1.40 140
    26-Mar sell 1 MAY 70 call @ 2.15 -215




    Colgate-Palmolive (CL) div. collar 0.68 4/19 ex.
    27-Mar CL - buy 100 shares @ 116.75 11,675
    27-Mar CL - buy 1 APR 115 put @ 0.90 90
    27-Mar CL - sell a MAY 115 call @ 3.35 -335




    IBM - div. collar 0.85 - 5/6 ex-d
    28-Mar IBM - buy 100 sh @ 209.85 20,985
    28-Mar IBM - buy 1 MAY 210 put @ 5.40 540
    28-Mar IBM - sell 1 MAY 210 call @ 5.65 -565




    COP - div. collar 5.14 ex-d, 0.66 div per share
    2-Apr BUY 100 shares @ 60.31 6,031
    2-Apr BUY 1 MAY 60 put @ 1.32 132
    2-Apr SELL 1 MAY 60 call @ 1.49 -149
    Apr 4 11:24 AM | Likes Like |Link to Comment
  • The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
    Actually, I have located some further-out situations in which call and put are attractive, but you are correct that it is more likely to occur within one month prior to ex-dividend date. The intention of this strategy is to move in and out of the position at least once per month, in order to convert quarterly dividends to monthly, leading to the higher yield. I am discovering that there are ample chances for this and at the moment, I have five dividend collars open (MO, GIS, GD, CL, and IBM). All will be profitable regardless of underlying direction, and all have expirations in April or May. I also encourage you to consider getting my book on this topic, "Options for Risk-Free Portfolios" (Palgrave-Macmillan, 2013). Thanks for writing. - Michael
    Apr 2 10:05 AM | Likes Like |Link to Comment
  • Free Recording Of Last Night's Webinar  [View instapost]
    I hope you will download a free recording of this webinar on the topic of trend analysis - Michael
    Mar 26 12:46 PM | Likes Like |Link to Comment
  • Free Webinar - All About Trends And Technical Analysis [View instapost]
    I hope to see you there. - Michael
    Mar 25 10:06 AM | Likes Like |Link to Comment
  • No Cost, Live Webinar On Topic Of Trend Analysis [View instapost]
    You might be surprised what you have forgotten about trends ...
    Mar 19 09:03 AM | Likes Like |Link to Comment
  • How Trends Work Well With Candlestick Analysis [View instapost]
    Sign up for this webinar at tinyurl.com/ck6b9cy
    Mar 17 11:56 AM | Likes Like |Link to Comment
  • New Book Released [View instapost]
    "Getting Started in Options" -- illustrated edition
    Mar 6 04:58 PM | Likes Like |Link to Comment
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