ragingbull, Thanks so much for sharing. I am still going through this. It's very helpful. It looks like you're doing Calendar spreads (great strategy). The broker that I use for options quotes everything in dollars rather than Pips. Frank

Naked Options Selling!

Are you going to buy a put debit spread? Which month? How far out do you usually buy? Frank

Naked Options Selling!

Thanks for the clarification guys. I saw that the poster had 2 posts, and usually when someone posts a question phrased like that, it is for announcement purposes. It is a great site btw, thanks for sharing. Frank

Alerts & Notifications

Thanks!!! I'll be trying this strategy soon. Frank

Naked Options Selling!

Would you say that you've been overall profitable with this strategy for the last 10 months? Thanks, Frank

Naked Options Selling!

If you're going to announce something just do it. Don't try to hide your new site in a question. Nice site btw. I'm checking it out right now.

Alerts & Notifications

What do you guys think the Bank of England's minutes are going to do to this pair? What is it that everyone is looking for in the minutes to help make a decision on which way to go? Is it the count for the vote? Thanks, Frank

Daily GBP/JPY analysis

ragingbull94mtx, Thanks for sharing your trades and how things are going. I'm considering to give this a try. But, I'm curious how you're hedging this if things go against you. Do you just buy the underlying as it approaches your strike price? Or do ...

Naked Options Selling!

How have you been doing with selling calls against GBP/JPY? Are you going to sell calls & puts or just puts now? Frank

Naked Options Selling!

A rate hike wouldn't surprise me either. But, the "experts" and "analysts" are forecasting no change. We'll see. If there is no change, I wouldn't be surprised if this pair went 100 pips higher (maybe pullback first). I'm not adding any more shorts ...

Daily GBP/JPY analysis

The BoJ announcement should be 12midnight Eastern time. Did someone find something different? What was the source? Anyone expecting a surprise? Thanks, Frank

Daily GBP/JPY analysis

I looked into this once, but one of my problems was not being able to get into and out of positions on the same day unless you open with $25K. This is the "pattern day trading rule". Maybe this has changed by now (but I doubt it). With Forex, you ...

Who here trades Futures?

One possibility is to divide your funds into several different brokers that you find the safest if you have a large amount to deposit. Frank

Safe Broker...

Long 241.49. Ok guys (and gals), start watching for it to fall. :-) Frank

Daily GBP/JPY analysis

I'm trying to find a place to jump in too. :-) Does this mean it's ready to fall now? Frank

Daily GBP/JPY analysis

Mizzu_x7, DunningDuke, Thanks for the feedback guys. I also looked into an equivalent "Covered Call", but the premium wouldn't make it worthwhile for the few cases that I looked at. I looked into buying the underlying first, and then selling a Call. ...

Naked Options Selling!

Think about this for a second. If a "disaster happens", such as if the price moves up 1000 pips above your strike price. You will end up losing big. There will be no way to cover the option with a spot position in time for a price low enough to ...

Naked Options Selling!

I was very surprised to hear E*trade offers forex. I went to their website, but didn't see anything about Forex. I searched in Google, but I found an E*Trade site (with E*Trade logo) for a company in the UK. Are you sure E*Trade offers Forex? Can ...

E*TRADE Anyone?

This is a popular strategy and is called a straddle or a strangle. A straddle is where you buy a put and a call for the same strike price (you straddle the underlying). If stock xyz is at 15, you buy a put at 15 and a call at 15. A strangle is when ...

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