jim2000

Thanks to both of you.

I'm not sure I understand. Maybe I didn't phrase my question right. I have seen option chains that have included, for example, a column for Delta. Showing delta for each strike. The option chain I get through my broker doesn't have this and I was wondering if there was a site where I could view option chains with the greeks for each strike price?

My brokers option chains don't include the Greeks. Does anyone know if there is anyplace where I can go to look at option chains with Greeks included?

Aiki, I sent you a PM with another question.

Thanks Aiki, The Jan08 calls are .15 so that would be $225 for 15 contracts, minus broker fees. To sell at the 5.0 strike would be $531 profit, minus broker fees. Total of $756 profit, minus broker fees. I am more than willing to sell at $5.0/share. I personally think the stock will go to between $5.0-$6.0/share in the next couple of months. But, you never know. If it hits $5.0 and the shares are assigned, I'm happy. If it goes to $4.80 at expiry, I keep the premium and either sell the shares for a small profit, or sell covered calls again, depending on the situation at the time. If it tanks, I employ your put strategy and limit my losses. My main goal with this trade right now is to play around with this a little bit to learn the different options strategies and get a little options experience. Also, to salvage this trade.

I have a question for the options experts here. Say I have 1500 RAD and am down about 1K. Current pps $4.01. Would it be a reasonable play to write covered calls on this position for the Nov07 contract at 5.0 strike? If so, does that mean I can't sell those shares until after expiration? What I'm trying to do here is salvage a bad trade using option strategies. I've abandoned many losing positions and now I'd rather be proactive in trying to turn around this trade as opposed to just selling at a loss and moving on. If I can collect some premiums and in a few months the stock is still down, at least I can sell at a smaller loss than I would have if I had done nothing. If there is a different, better play, I'm all ears. Thanks.

I just downloaded the IB TWS demo and was playing around with it trying to set it up. I was having trouble with the T&S and wondered if anyone could give me some help. Basically 2 things: 1. It seems that you can't change T&S to be either ascending or descending. The data populates the bottom of the window meaning i have to scroll down to see the latest prints. 2. Also, this data does not stream. You have to refresh it to get the new data. Anyone here use IB TWS, and am I missing some configuration settings or something?

Great Post! I totally agree with everything you say. I'm not trading futures yet, but I'm here to learn, and then when the time is right I'll make the jump. The videos posted have been invaluable. To be able to watch just one or two actual trades as they are playing out has been a tremendous help to me. I've taken some concepts I've learned here and applied them to a couple of trades in the last couple days and both have been winners. I'm getting much better entries and that provides more options on the exits.

:o If you're referring to me, the answer is no. I've not been able to access the cisco site and thought that price by volume on the chart might be an alternative. Although it's really not because the volume amounts are not given. I'm going to keep trying cisco.

For some reason I'm having trouble accessing the cisco website. I've been there one time a couple days ago but now I'm having trouble with it. When I do get in it's like the css isn't loading or something.

On this chart how do you know what the volume is, as a specific number, represented by each bar at each price level? i.e. the longest bar at the 22-23 price level, what is the volume for this bar? There is no scale or at least I don't see one.

Thanks Reaver.

Anyone know the cost of tradestation? Monthly fee? commissions?

Where do you get this information i.e. the volumes for specific price levels?

Would you care to elaborate. I'm just curious as a newbie to this and trying to decide whether or not to begin futures trading.

Does anyone trade the SPY or DIA?