Recent content by Trade Theory

I'm definitely not opposed to trading other products. I have more success focusing most of my trades on the S&Ps for a few reason. The most important is its liquidity. The bid ask spreads are much tighter on the SPY and SPX when compared to other products of relative size so I rarely have to...

You seem to have a good eye as when to switch your directional bias. What's your PnL since starting this journal?

Trading in this account is a way to challenge myself and work on improving strategies that have already proven to be successful. The alluring thing about trading the S&Ps is it’s easy to scale up. That same trade could have been done 10x the size by trading a 1 lot in the SPX. Not to mention...

Small win on trade 17: +$33.84 SOLD -1 BUTTERFLY SPY 100 (Weeklys) 23 MAR 20 215/210/202 PUT @.40 CBOE +$33.84 Starting Balance: $1001.75 Current Balance: $1698.31 Cumulative PnL: $696.56 = Account up 69.53%

Can't forget this gem: Trade 12 dead, -$122.08 Starting Balance: $1001.75 Current Balance: $1664.47 Cumulative PnL: $662.72 = Account up 66.16%

My mindset here was to add some bearish trades to offset what I paid for on the SPX call butterfly. I added one put spread on the open then 2 hours later SPY popped up a bit. I figured the pop would be short lived so I wanted one other put spread at a higher price. I was thinking of them as 2...

As long as both strikes are ITM you don't need to have the 19k in your account at expiration. They will offset one another and you'll just be credited $900. The only time you'll run into trouble is if one strike goes in the money and the other is not. If that happens the ITM strike will...

I guess I'm looking past that. New infections will fuel the panic then fatality rate will calm them down. The economic impact will be enormous either way.

You're probably right about the full blown panic, but it won't take long for people to realize the fatality rate is significantly lower than what the initial numbers were showing, comparable to the flu at .1%. The fed will add a few notches to their good ol' balance sheet and pump the markets...

This market crash is unlike any others we've seen. The speed at which the market has fallen can only be compared to October of 1987. During that crash the VIX made it all the way to 172, I think that is a very real possibility if things continue the way they are. I've placed a few new trades in...

Why not make the presentation available to everyone instead of just your clients? Seems like a great way to market your platform.

Micros and box spreads are your friend if you’re under 25k

Markets crash down, not up. Optimistically we'll be recovered by July-August if we reversed right now but more likely we'll see a bit more downside action before the recovery.

You can do this with Thinkorswim. You've gotta be creative with the advanced order rules. You can set a conditional limit order at $32.05 set to go active only when it hits $32.10. Edit: If you need a screenshot of how to set it up let me know

I would just provide the documents they are requesting to unrestrict the account. She likely just needs to provide a valid ID. The brokerage likely has to verify your client's identity to be compliant with USA Patriot Act. If she says she already provided it call them to verify they received it...