Recent content by larryb

futures are m2m on a daily basis by definition. I do not want to elect m2m because I am trading futrures and want to take advantage of the 60/40. My question is where do I report my realized future gains/losses on trades that where closed in 2003? If it is 6781 Part 1 is for "Contracts...

You say "Finally, as an added benefit, the LLC provides you with the vehicle to pay yourself a management fee, thus creating earned income. With earned income, you may set up retirement plans such as a 401(k) , which are deductible to the business and are not taxed at the individual level. The...

I meant to say "My iron condor round trip commission with fees cost is $24 x 4 legs for a net of $96. Is this cost excessive? I do not know what is the going/reasonable amount."

Seems like Iron Condors, unless one tightens the range between the strikes of the sold call and the sold put, results in a high risk to low reward. I used a wide range of 135 points thinking it will not be threatened in the 4 to 5 weeks to expiration (unless there is an awful terrorist attack...

I am using a broker to help me learn the ropes and as such am paying the high commissions. Who would you recommend i use for this pit traded product?

I have a question regarding return/risk and need your input. I currently have the following CME pit traded Dec 2003 S&P 500 future (SP) option Iron Condor which I entered on Nov 13th when the price was approx 1055. Long put 965, Short put 985, Short call 1120, Long call 1140 and I collected...

What would that calulation's results be if one was doing the Big S&P future options?

I am very much interested.....for my sake and maybe others please continue this enlightening discussion on the Forum...Thanks:)

premiums are nice but a short strangle only 10 points away from the strikes would result in a big loss. 100 points away still comes with risk.

see http://sites3.barchart.com/pl/vsn/optqte.htx?sym=SPZ3 1040 call prem around 12.80 and 1020 put prem around 16.00

depends on the spread ...approx $20,000 if 50 pts out and around $10,000 if 100 pts out...more or less

I have been trading short strangles 80 to 100 points out-of- the -money call & put options on the S&P 500 Future and would like to know if there are any other high flyer traders that want to share their experiences.

do you know of anyone that can set an automatic trading program using my parameters for a fee?