Recent content by hefir

Considering high commissions, I am trying to construct a wide enough profit range to minimize the number of adjustments and get out of the position in 10 to 15 days. (I am beginning to accumulate positions at 50 days to expiration and trying to finish this process at 40.) For the 300 point wide...

Yes. My current NDX position is Feb 2500/2475/2175/2150 opened on 01/04 for 30 days with probability of 68.8%. The IV was 23.1%. The idea is of course to close it much earlier. For example, I was out of January positions by 12/22. Why do you think that I should be protected from this?

Thanks, it does

Thank you very much for sharing your experience. Apparently, I gave up too early. By the way, in my previous message I meant "profit range" (the difference between short call and put strikes) rather than "profit target." Sorry

One of the elite traders whosounded like an expert told me that Trademonster has bad execution because they are more interested in making money from routing orders than in high quality order execution. What is your experience?

This is what I mean. The profit target (or width in Optionshouse parlance, is usually determined by the implied volatility and not by the platform prescription (1 to 6 in optionshouse case). For example, at current volatility and 1 standard deviation, the profit target for NDX is around 300...

I need some help in finding a "good" broker for trading iron condors and butterflies. Here is what "good" means to me: - Direct support for analyzing (P/L graphs, etc.) iron condors - Order entry (and exit) for an iron condor rather than two spreads or, even worse, leg by leg - Direct order...

There was no sarcasm at all. I just could not find your web site. If you give me the link, I'd appreciate it.

Jeb9999, Thank you very much for explaining the obvious, which now is obvious for me, too. Yes, the IB's rule 606 report looks the greatest by far. Thanks again

"If you're looking for low commissions, fast execution and superior customer service give us a call." How do I find you?

Could you please explain for uninitiated what is wrong with their Rule 606 disclosure? Do they have poor execution or execution skewed to specific market makers? Thank you