Recent content by vanv0029

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    Weekly Pin Butterfly Strategy

    I prefer the RSI-2 but they are about the same. Extrema reading maybe over 65 and under 35 are just one piece of inoformation. For example, late Thursday there are usually 2 options with high open interest. One above current price and one below. If there is an extrema I would assume over...
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    Weekly Pin Butterfly Strategy

    I think this is an after the fact coincidence and will not repeat, but if you had used Linda Rascke's 2 day momentum or 2 day RSI over sold/over bought indicators, It would have reversed almost all of your put flys to calls and call flys to puts and all NR3 (narrowest day in last3) fly strike...
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    Weekly Pin Butterfly Strategy

    Last 2 hours of SPX (ES) near expiration price movement has been the same magntitude as last Friday. I am definitely not ready to move from paper trading. Although last few hours of both Monday and Wednesday offered long straddles and ratio spread opportunities if I could time them right. I...
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    Weekly Pin Butterfly Strategy

    I had a rather unpleasant result in my paper trading account trying to trade Augen expiration day method on Friday. I tried using his long call below the market and short 3 calls above. It needs to be adjusted to sell 2 very cheap calls above the market or else IB says margin is like $120k...
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    Currently have SPY to trade options; How do I get to trade SPX via IB?

    You type ES then go down about 6 symbols to SPX index. Then select options. You do not want SPX future options. For future options go to ES and select future options. The micro 1/10 MES future also has future options 1/2 the size of the SPY options.
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    Question regarding Brooks' book

    ou I do not think you understood the advice. Spend the $399 for just the trading course (I think Brooks sometimes offers discounts) and listen to the videos to assimilate the concept of price action. Spend the many hours viewing the boring (in my view) videos while practicing with sim...
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    Emulating CRT monitors

    Does your post count as "garbage nonsense"? Great thread. It helps to be far sighted with astigmatism no matter what the monitor because I get twice the amount of information from charts. By 10 AM, I already see 12, 5 minute bars while everybody with normal version only has seen 6.
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    What About Linux?

    The modern way for Linux to deal with Windows is to install Virtualbox and install a windows virtual machine. It runs as a "window" and allows cut/paste with Linux tools. IB TWS downloads a version of Oracle Java so TWS runs without problem. There are Linux (gcclib) interface to IB API libraries.
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    JP Morgan hit with record $920 million penalty after admitting eight-year spoofing scheme

    I do not think you people understand the significance of the 920m JPM fine. Indendepent smart spoofing trader Navindir Sighn Sarao took one for the team. The US Government regulators maybe have finally caught on that the playing field is not level. There might even be some honest Elliot Ness...
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    Gates Foundation Teams Up With Vaccine Maker to Produce $3 Covid-19 Shots

    The trials are event driven. After a certain number of people get Covid-19 the study will be unblinded and the number of infected who received vaccines versus placebo will be counted. The vaccines use technology used in other vaccines that work and have been used for years so they are almost...
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    Options on E micro futures any exp?

    I think MES futures options do now arb to ES. In fact I think thinly traded ES options arb to MES in over night trading. MES options are good for forward testing. My great but probably wrong idea is that in periods of fear of market decline MES put price will be too high in the over night...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    The flaw in your reasoning and the reason Volpri's method works for index futures (MES and MNQ) is that price moves around (always long tails on bars?). Ths moving around means the probability of hitting a near target (closer target from averaging down) is higher than hitting a stop determined...
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    Where can I paper trade products on the small exchange?

    IB allows trading the 3 Small futures. Symbols are: 75SME, FXSME and PRESME. IB shows today's 75SME July volume at just over 1k. When Small Exchange has a crude contract, I will look at it.
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    Closing ITM call spread of a volatile stock with long time to expiration

    If you think CPRI will stay over 17.50 atJuly option expiration, you could spend I think 30 cents to roll the spread back inward to the July expiration and then sell for 4.70 at July option expiration. You should definitely roll the +10c/-15c spread to a closer expiration by spending again 30...
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    Will Schwab Clients be able to use ThinkorSwim post-Aquisition?

    Schwab Street Smart does not run on Linux. TOS is written in Java so it does. I hope Schwab offers TOS soon.
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