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For myself, I learned more by modeling on ThinkorSwim Analyze tab. This taught me more than any book.

jpvil: Sadly the ET forums are populated by self appointed experts, pay no attention to them.

Will look at their guidelines, thanks.

Hedging - most brokers suggest opening 2 accounts, one for buy the other for sells which disrupts margin, also FIFO rules. hedhing is nonsensical ... not when it works. I used a sophisticated hedging technique, actually works quite well.

Does anyone know a legit way around the hedging/fifo rules in the US? Any suggestions are welcome.

Thank you.

Thank you for the follow up and I agree about your warnings. Both the state (Ohio) and NFA state you are exempt if under 15 clients. However you still must register. Sure if you would like to send the contact information, that would be great. Thanks again for the input. *The state mandates...

Thanks Robert for the informative response!

Hi: I am a trading systems developer and would like to provide managed accounts for individuals. I would like to be compliant with the laws am working to boost my credibility and reputation so I am looking at the Series 63, 65 and 66 examinations. Instruments traded are Forex, Options and...

Thank you for the great reply!

Thanks for the reply - what about horizontals such as a diagonal?

Hi: Is there a preferred volatility range to enter a vertical? I understand volatility in selling naked that the advantage is selling when volatility is high. However in a vertical, both the sell and buy are similar in volatility. So since they (both positions) are paired, is...

Question about European Options (Index options). I am playing spreads on the weeklys on a demo account. My question is whether is to buy to close on the sell side on the last day of expiration where the spread is high or allow the contract to expire then opt for a cash settlement...

I will see what happens if I close an equal portion of the threatened sell and the profitable buy.

Thanks for the reply. Yes, similar to an IC. The issue is when one side of the play is being threatened, I was removing positions and saw the buying power effect being raised. This was only occurring if I was closing some of the long positions (profitable side). If I buy to close a...

Thanks to both of you for the replies. I was under the impression that I could not adjust my positions prior to expiration which I just found that is wrong according to thinkorswim.

Any insight on maintaining adequate risk levels on European Style Options from the sell side? (looking at Verticals). Thanks.

Thanks for the information!

Assuming I am trading a liquid Weekly such as SPY, are fills any problem? This would be mostly in the latter part of the week, possibly OTMs.

I have a question about adjusting a multi leg option contract. If the positions were balanced on both sides and if I attempt to adjust one of the positions (adding or subtracting position size), it does change the buying power. Anyway around this without adding another multi leg or...