Recent content by mlipsky

correct. usually the quotes are right. but, if you think about it, that's worse than their usually being wrong, because if you think they're ALWAYS RIGHT, you depend on them. If you depend on them and they're wrong 1 out of 100 times, you are likely to make an awful trade. If you're...

I have found OX's streaming tools to be fragile in general. If you open more than three or four streaming windows -- as you might do to see regional quotes on several strikes -- the whole thing breaks down. In fact, OX's quotes often go stale (quote is from 10 minutes ago) w/ just one window...

I can't believe there are people on this board that have had good experience w/ OX quotes. On an options chain, you can't even OPEN to see regionals on more than 5 windows. It just shuts down and they themselves will tell you that.

anyone use TStation to set-up some auto-trade rules w/ OPTIONS? Is it reliable?

I actually haven't tried them. I can comment that you should be able to get a superior platform for $1 or less a contract -- Tradestation and others. I can also say that the most expensive broker I've used was shockingly bad -- you do NOT get what you pay for. This was OptionsXpress, where I...

someone wrote that OX doesn't charge for assignments / exercises. That is FALSE. They charge $15 for each one. Someone else wrote that Thinkorswim.com is more $ than OX. FALSE. You actually choose your commish schedule at Thinkorswim.com, which is remarkable in itself. They have several...

reply to "for put, premium + 10% * strike, but for call it's premium + 10% * underlying" I have never heard of that from any broker. All I've seen are x underlying for both. Are you sure?

I agree with the Think or Swim vote. However, I would not choose OX 2d. Highly unreliable, slow software. I've waited 5 minutes for a cancel from the ISE. The ISE has been instantaneous w/ every other broker I've used, and there are many. Yes to ToS No to OX

oops, typo on prior email: Should read: you would get more Delta and Gamma per $$$$$ buying the 5% out. Of course, you would also have more decay and vol at risk. not "you would get more Delta and Gamma per sh buying the 5% out. Of course, you would also have more decay and vol at risk."

don't want to be odd man out, but the question is Delta and gamma per $, not Delta and gamma per sh. So, if the ATM costs $2 and is Delta 50 and Gamma 10 and the 5% out costs $1 is 40 and 6, you would get more Delta and Gamma per sh buying the 5% out. Of course, you would also have more decay...

yes, it's buggy as hell.

I have read these comments and found the recurring theme that OX is WAY too expensive. I agree completely. Many, many of their competitors are at $1 a contract with no minimum ticket, including Tradestation and IB. And now, ChoiceTrade dropped to 75 cents. But, what is even worse is...

I don't know who the best is, but I can tell you that OXpress is flat-out awful. To leg a spread, you need serious speed. OXpress browser-based interface is slow and the ability to get out fast (cancel) is even slower. If it's going against you, you can get wiped out.

turtletrader.com was so kind as to refer me to: www.price-data.com

Prophet is crazy $$$$ and CSI only offers on indices... no individual equity options.