http://squidoptions.com Option diary by the squid Fri, 22 Feb 2008 22:26:13 +0000 http://backend.userland.com/rss092 en Title : Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor Author : Lee Lowell List Price: $39.95 Street Price : ~$26.00 ~ $28.00 Starting with the title of this book, I was not happy. The title sounds too much like a 2am infomercial than a good book ... http://squidoptions.com/2008/02/22/book-review-get-rich-with-options-four-winning-strategies-straight-from-the-exchange-floor/ I have been saying things like this ( Short vega, etc ) for so long, I should realize that on the surface it does not make too much sense. What I am talking about is how your current position reacts to one of the greeks. Let's take short vega as an ... http://squidoptions.com/2008/02/18/short-vega-long-theta/ http://squidoptions.com/2008/02/15/another-squid-cartoon/ So just some thoughts on volatility contraction ( or crush ). One of the inputs to option pricing models is something called 'volatility'. This is the only unknown input into option pricing formulas. It is a prediction of how volatile the stock WILL be in the future. Since we do ... http://squidoptions.com/2008/02/14/volatility-contraction-aka-crush/ Since Michael was kind enough to write about my blog, I decided to take time to write about his. I will use Michael Trader because I still find the R word offensive. I don't post on this blog much because my trading is , frankly boring. I do the ... http://squidoptions.com/2008/02/11/michael-trader/ I just came across this deal, and was wondering what people thought. No salary or draw 80% payout. No Capital contribution Commissions are $0.70 per contract Seems pretty standard, although the commissions seem a little high with an 80% payout. http://squidoptions.com/2008/02/06/prop-options-deal/ I just ran across a site the Retarded Trader. Besides being , ummmm, tasteless to the handi capable, it seems to be actually run by 'trading challenged' traders. These guys are trading like drunken monkeys. In six weeks, both traders had a 50% drawdown, given that one had been up ... http://squidoptions.com/2008/02/06/retarded-trader/ I am still trying different types of trades, and today I had a for a long butterfly. A stock, WCG, really got beaten up on a government report. The IV spiked as you can see below. So let's look at the Butterfly Time Decay: Positive, which we like. Volatility: Negative. We want ... http://squidoptions.com/2007/10/29/wcg-long-butterfly/ Well, I started trading a little in my non system account. I was running both accounts with my system, but that was just too much trouble, so I moved money and started trading what was left in the this account. Well, AAPl earnings were about to come out, and i bought ... http://squidoptions.com/2007/10/23/another-aapl-trade/ In my down time ( I only have one trade on right now ) I was looking at different option prop firms. VTrader jc trading group Simplex EchoTrade DRO|WST cassandratrading Archelon http://squidoptions.com/2007/08/30/option-prop-firms/