Originally Posted by Columbia (Post 994901)

My strategy is to lock in a specific % of gains-keeps emotions out of it. I will watch this one(Jan '12 12.5s) as I am curious about the potential "recovery play" this summer. In this case, I would sell them all with a 25% gain which could be in the next month or two (my estimation). I am typically all out 4 months out (September in this example), so as to avoid premiums being quickly eroded.

BTW, a great website with a variety of strategies.
Options Strategies: Getting Started

Originally Posted by buzzpat (Post 994900)

I would pay to see Dave Ramsey kick Clark Howard's ass.

Originally Posted by scambo1 (Post 994764)

I got so upset with my old lady the other day that when I kicked open my trailer door, it hit my wife in the head and popped out another one of her teeth. That's okay though because we've almost saved enough from her stripping to buy a pair of "affordable dentures."

The law took away my neighbor's old lady last night. I guess she got sick of him and pulled out a steak knife. That's her third domestic violence arrest this month. I think the state is going to take her kids. Me and him are grilling out tonight. My old lady got her foodstamps today so we bought some steaks and got a lot of change back to buy some smokes and beer.

I gotta get my truck fixed. I'm getting tired of riding my old lady's daughter's bike to the airport. Maybe we'll get a payraise in '12, it's tough to feed 7 kids and heat/cool a singlewide. I also want to buy some skirting.

Originally Posted by nerd2009 (Post 994909)

Well money has been gettin tight for a few years now. With two of my nine kids graduating prison this year, me an my Bi&%h are gonna downsize. I been working on it for a few months now.

:eek:http://www.google.com/imgres?imgurl=...:0&tx=51&ty=91

Originally Posted by tsquare (Post 994796)

Yeah, see.. you live down in the rich section of the county... :D Up here where I qualify as being a redneck (Under at least 3 of Jeff Foxworthy's criteria) one can find reasonable H2Ofront.... No Barney drivers up here.

Originally Posted by Columbia (Post 994901)

My strategy is to lock in a specific % of gains-keeps emotions out of it. I never expect nor wait for the underlying to hit the strike price + premium paid. (APPL was unique in that expiration was 2 years out and my far OTM calls quickly became ITM). I will watch this one(Jan '12 12.5s) as I am curious about the potential "recovery play" this summer. In this case, I would sell them all with a 25% gain which could be in the next month or two (my estimation). I am typically all out 4 months out (September in this example), so as to avoid premiums being quickly eroded.

BTW, a great website with a variety of strategies.
Options Strategies: Getting Started

Originally Posted by DAL 88 Driver (Post 994921)

I think the first 10 pages of this article provide a good overview/perspective on options:

Myths and Misconceptions about Exchange Traded Options

Originally Posted by freightguy (Post 994884)

Lets assume you hit/exceed your max reserve hours for the month. If I understand correctly, you're released from reserve obligations for the rest of the month. Can you pick advertised trips from the swap/pick-up board in this case?

Originally Posted by Columbia (Post 994924)

Agreed with the article-they should be used for risk management and not to play Vegas at home. Multiple strategies are the key to diversification. By swinging for singles you ocassionally strike out and ocassionally hit a triple.

Originally Posted by acl65pilot (Post 994936)

No you cannot pick up trips. All you can do is yellow to ALV+15 or max pickup (the same number btw) After that you cannot pick anything up but an IA or a GS. You still are a reserve pilot, and reserve pilots cannot pick up trips out of the Open Time Pot or the Swap Board.

After ALV you will not be shown on the reserve list unless you have a YS in by reducing your RAW 15 pts.

I time out all of the time, and after I you get within two hrs of ALV you are done without a YS in. I will fly as close as I can to ALV+15 and then enjoy a week vacation at the end of each month. It works well, and hope it continues.