Good point on the 10s. I worked a large(ish) order on GOOG only to marked up $0.60 by the close but my PNL was vitually unch. Turns out I had traded the 10s.
wow.. about the GLD thats annoying.. theres less margin requirement on call/put flys as opposed to iron flys.. its not quoting you the bid ask spread because i'm sure as you know the otm's at expiration have no ask posted .. just price all the legs at mid (add subtract. etc..) then put your order relevant to the mid that you typically do.. iron flys benefit from all wings being otm.. all the otm options are much more liquid then itm's so you can get a tighter spread on the entire structure.. but idk .. i'll pay the additional spread to reduce the haircut..
For IB on the option trading page, does selecting the trading class on the drop down to GOOG only make a difference to your order? The default is all so you get GOOG and GOOG7 alternately in the chain. It will not save your selection so next session you have to select all over again.
I tried what you suggested earlier and put in a combo order to close just the ITM legs and it works fine. OTM left to expire worthless.
I think my motivation might not be the same as other posters. For me, I am hoping to win a Noble Prize for showing that formalism is wrong. Obviously, some additional income from low risk option trading would be a positive. I think that trying to submit a bug report to IB about the 10 share options TWS bug might not be a good idea. Maybe similar to the Riley character back in the old Alien movies submitting a bug report.
try Gold Futures.. GC ... you can reduce your commissions a little .. the nominal amount of a fly in GC is 5 or 6 times that of GLD.. its will save ya a little money on commissions...
Were there any trades this week?. Any impact to the ROI from the increase in vola?. Or simply got bored with posting?. Opinion (Cliff notes) on Mr. Chuck Hughes, multiple time winner of audited real money trading competitions?. Wolf out.
Up 31.0% on the ES spec and the RUT fly. 10x PTT risk, which was hit early-on (3% drawdown). I'll update the thread sporadically with trades when i feel something offers significant edge.