Recent content by mikemck

  1. M

    Iron Condor: SPX, RUT, etc. or SPY, IWM, etc.

    Rosaryshop, Thank you for your lengthy reply. I am new to iron condors. I am just finishing up my second one, both on RUT. On the last one I did 20 contracts with OptionsXpress. It cost me $100 in commissions. I seem to be able to get filled near the mid-point of the bid/ask spread...
  2. M

    Iron Condor: SPX, RUT, etc. or SPY, IWM, etc.

    Should a trader use the big ones: SPX, RUT, etc. or the small ones: SPY, IWM, etc.? I understand that the small ones are more liquid with smaller spreads. But, it seems like you would have to trade 10 times as many contracts with correspondingly higher commissions. Would the liquidity...
  3. M

    For Directional traders

    I would be interested in knowing what you are doing about stops. When I buy a call I typically set a trailing stop for 50%. I'd like to have it tighter but don't want to get stopped out too soon.
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