Recent content by levijean

According to IB, they "margin futures and FOPs differently"...

Yes the margin required for an Emini is $3692 but the margin required to write a put is $9958. Am I missing something?

Not an IRA. But I just noticed TOS has very limited order types for FOPs so I guess that is a reason to stay put. https://tlc.thinkorswim.com/center/reference/orders.html

Interactive brokers requires about $10,000 margin to write an ES put. I dont have a funded account with Thinkorswim but the papertrader shows about $4,000 required margin when I enter the same order. Is that correct?

Ok, so using the CBOE option pricing tool, I calculated this option would be worth $0.50 (today) if the underlying is >= $19.13 So how do I figure the probability of the stock touching $19.13 in the next 8 days? Mind two of those days are not trading.

Inputs: Underlying: $18.00 Strike: $20.00 DTE: 8 Vol: 75% Delta: 0.1863 Gamma: 0.1341 Theta: -0.0336 Vega: 0.0071 Rho: 0.0007 Current Price: $0.20 How do I calculate the probability of this call option touching $0.50 prior to expiration?

A rise in the market will not help me as much as a drop would hurt me.

I dont think I like the idea of the upside risk on a short ES position...

I'm attempting to hedge a business venture, its not for an actual stock portfolio.

I'm not "expecting" a drop, its for insurance purposes. I dont expect my house to catch on fire or to get in a car accident...

I want to hedge against a drop in the S&P from today vs. about 9 months from now. For every 1% drop from today, I want $1000 protection. So in approx. 9 months if the S&P is down 50% from today I need $50,000 coverage, if its down 10% from today i want $10,000 coverage, etc. What would give...

I am rotating my library stock. I have 10 or so trading books here, priced to sell. http://shops.half.ebay.com/levijean1_W0QQ_trksidZp2919QQmZbooks