Please Anseld.... he is day-trading $20,000 a day where he could lose $5,000. Please explain to me where is the hedge? Your answer is...
Kai: Let me ask you a question. Would you want someone who just finished 4 years of medical school to perform heart surgery on you? Would...
I have been testing the idea that on a severe move, one could use E-mini futures to hedge a spread. However, I do not see that is the best...
Took some more profit on one of my JULY put spreads. The original position was: 100 SPX JULY 1140/1145 Put Spreads @ $0.40 Closed it at...
I have been told by a market maker that the reason for the wide bid/ask spread on the SPX is mainly because it is only traded on the CBOE....
Using higher delta strikes obviously means you are closer to the current value of the index than the 10 delta strike. This means, as expected,...
As I said, the options on the futures for the Nasdaq probably can work but I would avoid the QQQQs. As for me, S&P is what I know so I stick with...
The QQQQs have no significant premium moving more than one or two strikes out of the money. I like to go OTM and with the QQQQs I could not go...
On a small dip day I added to my put side since I closed out one of the put spreads recently. My new position is: Sold 55 July SPX 1150/1165...
Excellent question. I have not had a chance or kept track of average margin over the period. The most my margin was ever used in June was...
JUNE P/L to date on spreadsheet net commissions ($1.25 contract). Phil
On the nice upswings this week I decided to close one of my put spreads. Remember I had the following: 60 JUL 1110/1125 Put Spreads @ $0.80...
I am not questioning why you would post a screenshot, I am saying that I cannot make out too much from it. I see a long list of buys and sells,...
Cannot make out anything on your link below. It is blurry and does not show much. What is it you are trying to show with the screen shot? Phil
There will always be complaints against brokers no matter how small. But there is more risk with an upstart, especially when there are so many...
Why are you so willing to go to small players when OptionsXpress and IB and Ameritrade are among the cheapest and have great customer service (IB...
THank you for your input. My goal here is to simply collect premium month to month. Using OTM put spreads is a way I can do it without...
Do not get caught up in the percent right game. Your percentage winners is meaningless without risk management. If those 4 losses were...
I do not think complex software is a mandatory on such a straightforward strategy. I use OptionsXpress which shows IV and delta calculations, has...
Well I do not want to give away all my secrets...but hey we are all here to learn. For this July position, I would not raise any yellow caution...
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