Here is the secret just for those that are reading this thread. SPY daily options Monday, Wednesday and Friday. As an example. Slightly out of the...
Paper trade until you understand the market. join this chat room http://www.premieretraderchat.com/ and follow for a while
You just taught yourself that you can play in a market that you do not understand. You are trading with no information. You probably have no...
Forget all the analysis , pick a stock that moves daily and watch it. you need to trade 1000 shares and make 20 cents. do that every day Dont...
All option pricing is obviously computerised it would be impossible for a market maker to adjust pricing manually. The true price is somewhere...
Another good one is SPY or RUT on Fridays for that weekly. Slightly otm calls can be had for 3 cents and if you pick the right time and direction...
The only way to make money with otm calls and puts is as others have said, is obviously when you get large price movements. This happens often at...
It is customizeable and programmable
Credit spreads are dangerous unless you know what you are doing. Look at Kirk on optionaloha he does a lot of credit spreads. You are better to...
Probably the best Intraday scanner is on TOS. Not sure if will do spread scans for butterflies etc
An iron butterfly only works if the stock doesn't move or has very low volatility. If stock moves you have to roll it into an iron Condor.
Actually you can use stockwatch or iqfeed for data my python programs actually use medved trader api for data access which effectively gets the...
stockwatch have both eod data on all exchanges and options and intraday data. I use python to get data minute by minute and produces portfolios...
python and the pycharm IDE . lots of examples out there on youtube and stackoverflow. tons of data functions
That's right it cost you $950+commission to buy the option. If you sell it now you will get $1450 -commission. So 500 minus 2x commission . That's...
optionalpha.com
A call butterfly is a debit. A sell iron butterfly is a credit in my books. Or perhaps I miss understood the question
So what do you think is the difference between a regular butterfly and a credit iron butterfly
A strangle will cover you both ways. And iron Condor will cost you less but not make you as much. Selling a call/ put spread outside the range...
A credit
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