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They would not divulge any specific criteria. They were very reluctant. I think I was trading between 1K & 1.5K option contracts per month at the time.

Ditto what "destriero:" said! I use TOS and got $1.00 w/o ticket fee, but was not easy negotiation. I know of folks using IB for their lower rates.

animasinc IMO: #6: (you did not flag) should be (e.) unable to determine. #13: a. {A synthetic short call is created when short stock position is combined with a short put of the same series.} #15: d.

OTM-Options: Here is what I found: The main event starts at 2:00 p.m. ET, when we get the Fed's decision on whether it's raising its benchmark rate for the first time in a decade. This will be followed about half an hour later by a press conference with Fed chair Janet Yellen. You can read our...

With the FOMC meeting due later today and about 70% odds rates will remain unchanged. I put on the following trade yesterday morning. A simple conservative 2-lot PUT Credit spread on RUT with short strike @ 1140 and long strike at 1130. However, for protection, should FOMC "surprise" the...

Victory5: For strategies requiring real-time management, I require heavy volume of greater than 20X my size. For more thinly traded contracts when I have a longer term interest, I sometimes enter with my size up to OI/20, if I expect the liquidity to improve while in trade. I only use the...

A "sloppy and non-thought out" rule of thumb I use is: your qty can be up to OI/20. Others here likely have more concrete info.

Nice URL! Can you clarify what the 4 graphs in the "Volatility smile" represent? (I know they are Implied Volatility VS Strike) 2 are Red and 2 are Green. I'm guessing the Green are Calls and the Red are PUTs, but unclear why there are two of each, unless computed from differing models.

Bugsy: For the first part of your question: Is the following what you want? For 2nd question: "Secondly, if the above is possible, at that point I could setup multiple buy orders with a one-cancels-all (OCA) and if one of them is executed it would automatically cancel the other orders and...

marshg: That Green line represent the total PnL of all 4 (IWM, SPY, TLT, and VQT). To simplify I'll remove the other symbols and just provide results for VQT, and add a other graphs to clarify when/why trades were taken. Note: During this period there were only 5 trades, and long VQT only for...

marshg: I coded a backtest tool that may be useful for extracting such information on past data. I arbitrarily chose a 5 D SMA for VIX, and threw in SPY,IWM,TLT, with VQT, started with 100K each, and traded per what I think your example intended from 6/1/2012 to 9/1/2015. Below is the script...

If you for some reason really want to keep the $2 wide strikes, and are uncomfortable with keeping up with what you intend on a spreadsheet or somewhere (since the broker would close our your 26 strike contracts); You may consider different accounts or different expirations to keep from...

FYI: I back tested a simple start with $100K, and buy SPY when Close above 300 day SMA, and exit trade when Close below 300 day SMA, and show the results below. Note: If one were to actually consider such a trade, it would be wise to add some filter or hysteresis to prevent rapid whip-saws...

Knee-Jerk response: Snake Oil anyone? I have not read the articles, but typically (every other case I have seen), the missing information is vastly greater than the information present. I have actually learned from some of these by digging into the material and looking for the "missing...

Been there done that! :-( I have had many forms of that as well.... Allocated trade orders in TOS often mix up the quantities in accounts, causing some trepidation.

With the uncommon Spike in VIX and expectation the VIX level will not be maintained long, I just bought XIV, expecting it should trade higher in the weeks/months ahead, rather than selling premium with options. I am in no hurry for this to be profitable, but expect the odds are good for this to...

For my long-term holdings, I set alert (to provide SMS msg to my phone) below a support (or whatever point I should reconsider holding the position). Then upon receiving the Alert, re-evaluate whether I should exit or not. This seems to keep me from getting killed for "some" of the wrong...

For those of you who have experience in long-term positions, do you have suggestion for creating/managing stops (with outstanding orders/contingent orders) that would not have gotten you slaughtered on SDY today? -- I am looking for advice (I did not have stop order on, so am fine, but no stops...

xandman : Your first statement may be beyond my pay-grade! <-- . (Thnx: I see a CBOE White paper https://www.cboe.com/micro/skew/documents/SKEWwhitepaperjan2011.pdf that may reduce my ignorance a bit) Regarding an IC entry... I, would not; since an is IC typically placed on channeling...

rmorse: Thank you!