That seems pretty tough. So I have to be right with the pairs I choose. That kinda sucks, it makes it more difficult. You have to be right on two trades on not just one.

So I have to predict two markets and not one. For example I think the dollar is going to continue to sell off I have to pair it with another currency. Are there currency pairs that move in opposite directions? For examle would the euro move in ...

It still seems confusing. Do I basically have to predict both markets. If I'm buying the euro and selling the dollar, what if the dollar and euro both appreciate, can this happen?? Is everything basically paired off of the dollar can I pair the peso ...

Set up an LLC you can can write off most of your expenses and losses.

Thanks, much appreciated.

I'll give you an example. You go into a silver futures contract lets say the market swings against you 50 cents and you've placed a stop 10 cents off. Lets say it explodes up 50 cents you're not going to be stopped out in time, you're going to lose ...

I'll give you an example. You go into a silver futures contract lets say the market swings against you 50 cents and you've placed a stop 10 cents off. Lets say it explodes up 50 cents you're not going to be stopped out in time, you're going to lose ...

I'm not going in stocks and going to be selling options on futures.

But I'm talking about calls/puts that are deep outside of the money and about two-three months until expiration.

Merlin, First of all thanks for drawing a graph for me but if you could explain a bit how it works. What exactly am I looking at here. Thanks!

Hey Merlin, I was wondering if you knew of any inexpensive software just for drawing the expiration graph. Tradestation looks good but I only will need software for writing options Thanks,

Thanks I'll check them out. Do you have any suggestions as to how to hedge when you write an option outside of the money?

No I don't. Where can I get some software to do it?

But that's the thing I won't let the Delta's pile up fast as soon as the market really starts to go in the opposite direction I will exit my position. Let's say I sell an S&P 500 for $275 I will place an order to exit the position when the option's ...

I don't want to buy any straddles. I want nothing to do with buying. What's the best way to hedge when your selling options outside of the money? Do you even need to hedge when you are really far outside of the money? I'm assuming not, I will just ...

Apology accepted. Thanks