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You are left long the put. IMO, this is a very complicated way to use a lot of margin and have the opportunity to make very little money. The married put is a synthetic call. Then you are selling a near term call against that. Why do you like that better than just buying the call that you...

Sorry JSOP, but this is not accurate. E.G. Market is 1.01 x1.03. If at the time I bid 1.02, I get there (the exchange order book) before another customer or if a MM reacts to my order, and I get there in time order first, I qualify for "adding." With option spreads at IB, and as far as I know...

Of course you can add. For each trade, there are a buyer and a seller that reach agreement on a price. You add buy being the one at the price before the other party. You take the chance of not doing a trade at all by placing limit orders that are not marketable at that time. At Lightspeed, we...

That is VERY hard to teach.

Agreed. + I find focus is important for a manual trader + the willingness to be wrong and move on.

Sure, knock me out with that one! I don't find the smartest guy in the room makes the best trader. I found over the years they were too focused on finding the best way to do things that they did not act fast enough. On the AMEX floor we had a large number of the best Bridge players in the...

I do think I was. You need to have a personality that thrives in chaos and can live with the uncertainty that comes with trading.

The IRS subjects SPY to the wash sale rule while ES is a 1256 contract and not subject to wash sales. https://www.sec.gov/answers/wash.htm https://www.irs.gov/pub/irs-pdf/f6781.pdf Mark-to-Market Rules Under these rules, each section 1256 contract held at year end is treated as if it were...

In my experiance, individual investors will accept a verifiable track record backed by monthly statements. Any allocator that is a fiduciary for others (Fund of fund, family office, etc) , will require a longer track record and an independent audit. The exception would be funds that focus on...

Pay a CPA.

Basic detail not the data set or values that make it unique. No one will invest or put up money without know what they are risking their money on.

That is a difficult sell for a SMA, for an unregistered trader without the overhead of an admin, auditor or support staff. In many circumstances 0/30 pays the same but is easier to get, IMO.

You are now asking two questions. What would you pay a trader/manager to net, before paying the trader/manager, based on an expectation of a 25% profit? Would you hire/allocated toward you with that expectation and the only other information being a max DD of 20%? I responded to #1. #2...

I have no idea. I have never been overly analytical. I try to keep trading very simple, maybe because the math is over my head. When I did trade earning, I had to have a process for estimating IVOL for each month for the 1st 30 min of the day, then the rest of the day-after the event was over...

If you are a Sterling Trader User, why not call support in the morning. If I had to guess, an irregular trade is a trade made outside an ECN or exchange like a dark pool.

I'm not going to pretend I understand what you wrote, but are you trying to calculate the implied stock move with all this? You said, "to figure out how big the earnings jump will be?" Let's say IVOL is right on the money and will predict how big the move will be, how will that help you if you...

I do not know what your strategy is. I don't know the size of your account or your ability to learn futures, which are bigger than the ETF so there is less scaling. I don't know where you live or their tax treatment of SPY vs Futures. I'm only suggesting that you can get the leverage you are...

Yet, they are not the same. Every country has different income tax levels for equities vs futures. Future in the US are much better. Also, even though SPY trades pre and post market, the hours are limited to 4am to 8pm if you have that access and early morning and evening liquidity is limited...

Who would do that?

Not that Straight-forward as I don't know what the bad months and days look like and I'm not looking to make that kind of allocation with material monies. Assuming we are talking about steady income, 10 up months, 2 down, but not more than the up months, I'd look to pay 30% if paid quarterly...