Recent content by Akromas

Haha... forget Canadian equity options, do they even exist ? Lol. You'are right, I think I'm better off with IB for the moment being. Thing is, at CIBC we have the most primitive platform ever; we have to log puts/calls individually... I can't even imagine placing an order for Iron condor, it...

Hi, can anyone suggest me a good broker to deal with ? I was thinking of using Options House... but as at the moment, they do not deal with Canadian customer. Then I was thinking of using Interactive Broker. However, their pricing is not much competitive as it is 1.50 per contract... which...

Thank you! Time to run some numbers haha. Also, I was wondering how much contracts one typically trade with a spread; do you do many small trades or just all in ? If I were to run 5-6 spread simultaneously, isn't it a little bit hard to get organised ?

Yes, that's what I wanted to know; the market guess as at the trading instant. I understand that with every passing moment, the odd changes. My bad, I wasn't clear in my statement. When you say the price of the spread defines the odds, I'm assuming with great risk comes great reward; hence...

Yes... I'm pretty sure my multiples are right. Currently long 1000 shares of BAC, so its 10 contracts alright. As for Apple, yeah its expensive, that's why I'm not playing with those stocks yet. 5 bucks in fee hein, interesting, which firm do you use ? I'm using Cibc, I don't think I can do...

If i find out that my delta is 0.20 as of last night, does it mean that i have 20% of exercising the call option ? Or in other words, since I'm selling covered call, my chance of keeping my stock is 80% right ? Also, I'm wondering how much you guys pay per trade; If I were to trade 10...

Hi, I will be new to options trading... Say that I want to do bull call spread for BAC, is there a way to know the probabilities of success ? And is there anything I should watch out for as a rookie. Thanks