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??? -- Think you meant "TDAmeritrade"

You have 3 factors at play for swing trading with options. 1) Time (entry and exit) 2) price of underlying at entry and exit 3) IV of your option(S) at entry and exit IFF you are bringing a successful strategy for swing trading underlying's, but are green for trading IV, you may wish to consider...

If you have TOS, just use ThinkBack.

When I last spoke with them, they were negotiating commissions to below 65cents depending on some factors, AND they were NOT passing on the Exchange fees for index products! (65 cents more for AM expiry and 54cents for weeklies)[in addition to the commission fee]

Yep! Kind of silly, correct? Schwab now owns TDA (which has TOS), but the Schwab trading capabilities are vastly inferior for those of us trading multi-legged options, conditional, and complex orders! TOS is still alive, and according to Schwab, is not being discontinued. -- The...

Doable in TOS! Example: BUY +1 1/1/-2 CUSTOM SPX 100 (Weeklys) 29 JUL 22/29 JUL 22/15 JUL 22 [AM] 4430/4340/4380 PUT/PUT/PUT @30.00 LMT [TO OPEN/TO OPEN/TO OPEN]

Mixing RV with relating IV and SKEW is like pissing in the stew!

It may be wise to quantify the accuracy of your IV projection, prior to pursuing ability to profit from it! -- If you "knew" the IV at a future point in time, you can code best solution finders! -- That is the easy part!

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If bonds (muni or corporate) are deemed the preferred path, it may be worthwhile to request guidance (a ladder plan and initial recommendation - as mentioned by zghorner) from more than one broker! You may be amazed how beneficial this can be (to find broker who understands and wants your...

May consider if longerterm muni's (>7yr) may be a fit? -- I no longer hold them, but may serve this purpose.

Those with + moneyness values (DITM) are not very liquid as you noticed with the huge B/A spread. I wrote that in python. -- plotly.express is very nice for 3D scatter plots.

Thought I'd make another post on this topic. IMHO: Statement from "destriero" was accurate. Statement from "newwurldmn" also is accurate. Statement from "LM3886" was instrumental in me being able to better comprehend. I appreciate all the responses! For inquiring minds, I am posting an HTLM...

No! If you don't want American style options, then do not trade them!

Can you point me to more insight data supporting this? (some research data/articles or something to help me better comprehend) My observations support your statements, but I am having trouble with concept that volatility (risk) is absent on non-trading days! Thanks in advance for your help!

FWIW: I don't trade low priced equities, so my approach may not be optimal for those. Simple linear appx may not be adequate when the curvature of what you are fitting does not approach a straight line! My approach is meant to only fit my focus, not a generalized method.

For more detail, note that in the terms: slope=(LowerAvgIV-UpperAvgIV)/(lowStrike-highStrike) These are composed from the 4 option prices surrounding the SPOT price of the underlying. For the nearest strike above the spot, the IV of the PUT and CALL are averaged, hence "UpperAvgIV", and...

Yes! To verify, plot it with SPX, and compare against VIX! While they will not be exact, the difference is miniscule. I think TOS fails to document on purpose!

Good luck with that! -- A single metric which does that does not exist (IMHO). BTW: you are not alone in seeking that! Even contrasting a "current" snapshot of complete IV Surface with reference IV Surfaces in the past leaves me wanting something with more practical value...

I examine the nearest to the money strikes, then just use linear approximation to get the ATM_IV. (for me, that seems adequate and close enough) Code snip: slope=(LowerAvgIV-UpperAvgIV)/(lowStrike-highStrike) DeltaX=highStrike-lowStrike...