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  1. M

    Making money using price action is impossible

    What does that have to do with anything? It is clear that you have no idea what you are talking about. Price action is the chart. It is higher highs, lower lows and so on. It is the patterns that are setup such as triangles, flags, etc.... These patterns give you clear risk/reward points...
  2. M

    Selling Calendars and Diagonals

    Can anyone explain why it costs so much more margin to sell calendar and time spreads. Is it just basically the vol risk that makes them "expensive" to sell? Thanks.
  3. M

    Double Broken Wing Butterfly

    Keep it simple. 8 options in a spread is a little excessive for what you want to accomplish.
  4. M

    Brokers and filling illegal orders

    Then you shouldn’t have put a limit order. You messed up, its not the brokers fault. When you place a limit order for 16, that is saying to buy at no more than 16. So anything 16 and less is fair game. If you would have but a stop or stop limit at 16, then it would have waited for the...
  5. M

    Brokers and filling illegal orders

    You need to learn the difference between a limit order and a stop limit.
  6. M

    Risk Realities

    Well for one, most of the option spreads are defined risk. You know your risk before you get in a trade. If you sell i $1 vertical, you know your risk. You just have to be willing to accept that risk if the trade moves against you. 2. I think that any of the 2 legged spreads are easy for...
  7. M

    Switching from ES to Bonds

    I sent them an email, i will give you the reply after I get it.
  8. M

    Switching from ES to Bonds

    Thinkorswim
  9. M

    Switching from ES to Bonds

    What is going on whenever the /ZF bond futures does this in my attached pic. The bid and the ask are the same. It does not make since to me.
  10. M

    Covered Calls Questions

    Usually the options are not exercised until expiration not whenever the price touches the strike.
  11. M

    Best Options Trading Software

    Here is my layout for Thinkorswim platform. It is very customizable and has many great features for option trades such as the spread market depth, analyze page, and everything can be connected together in the platform. BTW, i would like to see some of the other Swimmers platform setups that...
  12. M

    Best Options Trading Software

    Thinkorswim is worlds above eturd pro
  13. M

    Hedging otm put vega

    You could do a few butterflies and that would give you a negative vega.
  14. M

    Thoughts on ITM calender calls

    Does an OTM decay faster than an ITM? Yes or no?
  15. M

    Thoughts on ITM calender calls

    My general rule when putting on calenders is this: 1. If there are dividends coming up, stay away from call calenders. You do not have the dividend risk with puts because no one is going to exercise a put to grab a dividend. 2. I always sell the call or put that is OTM. Such as if XOM...
  16. M

    Film Reviews: "Broke: The New American Dream"

    Need to get this on Netflix and iTunes.
  17. M

    Favorite Trading Strategies

    I like calenders for alot of trades. Besides the + - vol difference between calenders and butterflies, calenders only have 2 legs with a butterfly having 3 but 4 options. They have both the same breakeven ranges with calenders having less legs. You can also do a 2-3 month calender to buy...
  18. M

    Commissions and Profit Targets

    20-40% on a calender is a fair return on your money. It is enough to cover commissions, I was just wondering what everone else does. I do about 30-50 contracts per leg so it does take a nice chunk out of profits for all that commissions.
  19. M

    Commissions and Profit Targets

    When you get into a spread because they have more then 1 leg, commissions are always on your mind. Anyhow, I was able to get into a PG calender today. I usually look for 20-40% profit targets on one month calenders. So my question is, do you figure your 20-40% profit target including your...
  20. M

    Whether an options writer or buyer has better edge? Why?

    How far ITM were these puts that you sold?
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