Recent content by Mozart40

In order to answer properly your question, one must differentiate between two sort of adjustments. Strike adjustments and Expiration adjustments. But before that, the most important rule is: don't panic. If a position is taking away your sleep at night, you're probably trading too big...

So typical of IB. The TWS platform is plagued with incomplete, therefore non useful features.

I don't think I am missing the point on probabilities. One thing is "thinking of the likelihood of the strategy being in or out of the money", for which a simple log-normal distribution curve would be sufficient (deltas are also a pretty good approximation), and a totally different thing is...

The most useless options tool I've ever come across. It is so typical for IB to provide useless or incomplete tools in their TWS. How do you expect a retail trader to be able to forecast the possibilities distribution of dozens of price ranges for an underlying? It is hard enough just to try to...