I totally agree with erol. I use TOS, and you can negotiate your commissions down if you do decent volume. Their order software supports 4...
Especially if he was drinking the coffee late at night, too!
Here's my suggestion. If you sold the 12.5's for about a dollar and they're now worth 0.05, what are the 10's worth? Possibly you can now buy a...
Don't worry, I won't be trading them. I'll stick with SPX and other indexes. I like plenty of volume, a decent open interest and reasonable...
My apologies. You actually were quite clear. I simply misread your post. As I see it, you are clearly making money on this position. If...
Your position looks like a fairly unbalanced, and very tight iron condor. This is a recipe for a bit of trouble especially when you have a...
BRK options ATM strike value (July) will be between 180-260 dollars by my rough estimate. According to the Bloomberg article the strikes are 100...
I am, and MTE agrees, although he put it much more succintly! In my post, I stated that if you write (that means you are short) a call and it...
Actually, I had to chuckle when I saw the question and who was interacting with the OP. Let's see: atticus, Mark, dmo, and spindr0. Hmmm... You...
Just want to clarify Mark (Option911)'s post. If you write a SPX 900 call and it expires in the money, what you pay depends on the value of...
Optionseeker, since I follow all the option threads, I happened to notice your discussion with Atticus about double butterflies. If you are quite...
Optionseeker, Right! I usually start out this way, and then wiggle and waggle with the market, but only if it makes a reasonable move. You do...
Optionseeker, I would like to clarify your understanding a bit. For protection, I buy debit spreads closer to the money as opposed to further...
MTE, you are right. I should have explained it a bit more carefully. I should have said credit spreads in the second month and debit spreads...
Optionseeker, I'm pretty sure Spindr0 has his tongue deeply buried in his cheek on that last comment about Moe and Curly. The fact is that if...
Spindr0 makes an excellent point about the adjustments. With an IC, you almost never make an adjustment that doesn't involve taking a profit on...
Welcome to IC trading! As a general rule, if price changes are modest you can expect gains, particularly on the side the price moves away from....
Unfortunately, there are a lot of websites out there that promote a set it and forget it mentality when it comes to iron condors. What that means...
I'd echo Mark's comments, for sure, and you should note that he is only putting 10 contracts*10 points wide *100 shares/contract or $10,000 at...
2-3% on total capital. I NEVER risk all the capital, so that means I need to aim for higher returns on margin. However, when it comes to account...
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