Recent content by mike007

Forecasting is better but how can you forecast without data? I will have a few features where you can download the raw data in csv format for loading it into excel for your own forecasting. Also, you can get this data live throughout the day.

If you really want to trade volatility you need to look into IV p&l. See how much of an option's price change is because of volatile. I have started collecting intraday greeks and IV for SPY. Every option for every month. If you are interested in getting some of this data then PM me. I...

Are options on the cash settings indexes reported on the 1265 section or do you have to report those on the Gains and Losses from Straddles section. I can not find anywhere that has the answer.

That kinda of trade is what I call a financing trade. You are financing a long call with the credit for the short put spread. It is worthwhile if you can get it done at even or better for a credit. Also you can kinda look at backspreads for this type of trade.

How does IB give you better margins on the options trades compared to TOS?

I trade alot of the Mini Nasdaq, Its MNX. It is still an index but has a great size for people moving up from the QQQQ. It trades at most of the exchanges so it is liquid and has tighter spreads than what you see on the SPX and OEX. It is 1/10th the size of NDX. Remember the SPY is 1/10th...

Lightspeed was and still is the fastest platform I have ever traded on. Their data and simplistic platform allow for super fast quoting.

If a stock goes ex divi and the divi amount is higher than the extrinsic premium in the call then it is worth it to exercise.

calendar spreads(doubles)

The way I see it is if you have a 10pt spread and its worth .20c. You are risking 980(minus other premiums) to make 20. Its not worth the extra 20 to me, so i just take the spread off.

I think that many ppl have the wrong or misguided information on what premium sellers are. I dont even know, but when ppl ask me how I trade, i dont tell them i am a premium seller. I tell them i am a option spreader. Not in ref. to CC, but I can sell options in a spread have have less...

I was trading at the CME last week and we had L2 with 10 quotes on each side. The most retail quotes I have seen are 5 on each side. However, it does not really matter how many you see, because these quotes on the L2 can be pulled or added however they want.

gamma scalp while you have the straddle on. I usually only buy whenever I think a big move is coming or vol is low. After that move, i am out.

Why is this in the options forum? I would guess if you are trying to do an options hf then you are missing some sort of options analysis tool. OptionVue or something like that. I dont know the types of option tools that bloomberg has.