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Is anyone out there... lurkers included... running an investment club or non-profit group or profit group through any particular broker which they have set up? I know IB offers an advisor service and friends and family trading service, but those would all be individual accounts. We would like...

That was... bought back the long. Sorry For that matter... it has a hard time calculating any further risk if positions are added to the diagonal. Just becomes a nightmare.

No steadfast rules yet. With only seven months of Double Diagonal trading under our belts.... there is still plenty of room for rewrites. But for now... we look to enter at relatively low VIX levels... and sell at $25 increment strikes (liquidity), and sell shorts at support and...

Yes... insurance to the upside for protection. Send ToS an email regarding globex..... like Ryan & Rally did... the more we ask.. the more they will comply. Thanks

Total Margin is 25K. ToS treats it as risk based on one side only. OptionsXpress does not (50K)... unless you call them and explain the entire situation.... and then they're very reluctant because they're monitoring software would not catch you if you bought back the short... ie...

For those of you asking about the triple and quadruple diagaonals... well here's our quintuple diagonal positions for this month. Enjoy, M~

August/Sept Double Diagonal 14-day Update Market summary since inception: Market has moved up slightly from 1250 to 1265ish. VIX is up 1.2% since initiaton Return on Margin: 15.5% See attached chart and positions for reference

Margin Releases: ToS - as soon on Friday as the SET is released, so is your margin. No phone call needed OptionsXpress - must call them to release margin on Friday after SET is announced. TradeKing - must call them to release margin after set on Friday IB - releases on Monday, no...

Scoobie, Take a graphical analysis look at these three diagonals: -10 Sept 1225p +10 Oct 1200p -5 Sept 1275p +5 Oct 1260p -10 Sept 1350c +10 Oct 1375c Then tell me what you think. The idea of selling an ATM diagonal came from this months OptionTraderMagazine, so we're...

Mark, I would definitely be in touch with the broker and get email or written confirmation as to what will happen. Sure will be nice when ToS expands into future options. Word has it... many people have made requests... and ToS is seriously looking at moving this direction this FALL...

Yes, entering when VIX is below 14... yes, selling the Sept 1350c, and buying the Oct 1375c, not Sept. When VIX falls below 14, we'll re-evaluate the stike selection. We also are looking at Put sides... and adding a middle ATM Put diagonal one strike of separation for middle range...

Personally.... I like your trade.... Depending on your risk tolerance... we try to sell where we think the market 'could' settle.... since that's the maximum profit area for the diagonal.... ie, 1375c/1350c is what we're looking at for Sept/Oct. Will look to enter when VIX settles...

Mark, If I understand your question... your shorts will expire worthless and you can't buy back your longs because you're maxed out on margin.... and your longs will be exposed the full day on Friday before your broker will allow you to sell short again? If that's the case... consider...

Need clarification.. Sept/Oct? or Sept/Nov?

Historical Options Quotes http://host.businessweek.com/businessweek/Historical_Quotes.html?Button=NEW+REQUEST&Symbol=WIB+AR Option contracts must be active.

Ever really look at a candle chart of the VIX. Did you notice the majority of the candles are RED? (not necessarily relating to a downtrend over time... but rather intra-day) Can we conclude that SELLING in the morning and BUYING at the close is preferential from a volatility point-of-view...

Best fills... between 11am-1pm EST Just our experience.

Just Wait..... the real money will be seen on TUESDAY ! Hold On!

What this implies is that... the THETA differences is not noticeable until the last few days because of the MMs holding that 'dead premium' in the options until expiration. As the Double-Digaonal moves up and down... you have offsetting DELTA in all four option positions. It's the VEGA...

Theoretically worse.... but in reality it hasn't occured to us in the past six months. Yesterday was a good example of that... the market didn't move... but the VIX was up about 5%. You're correct in your assumption that in general... being long vega (call calendars) is not a WIN-WIN...