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How do you open the demo account? I like to see how good their software is. :D

Do you mean the prob of touching or prob of expiration is 10%?

If you start with your short leg for diagonal, will your margin req change after you complete your long leg?

Can you explain with an example how you make adjustment if you knew the prob when you opened the position?

Yes, but there is no formula. I checked ET but nobody knew the formula

Thanks, Jeff. Yes, I do mostly naked shorts before July. Too bad that I can't find the span formula. I like to know how my positions change with the underlying and volatility. Most brokers like TOS provide you the risk analysis tool so you can play around with your positions. Why don't...

I like the fact that span margin falls when it is close to expiration. It free up the margin for the next month positions ithout actually closing FOTM positions which will mostly likely expire worthless. By looking at the figures, it seems span gives around 2 times the leverage compared to...

I am not sure if you got the right breakeven point. It seems to me that when spx is at 1250, you might have significant loss (10 pts?, my guess) from the 2nd position, and I am not sure if the first diagonal can make enough gain to compensate for it. I don't have TOS and so my intuition...

I am very interested in your journal as I write naked options in rut and iwm. Do you mind to share with us the margin requirement for each position?

Close to Money.

This is my best month for option trading. I made 4 verticals and 1 diagonal. All 4 verticals made $ and the diagonal lost 50% of initial debit because of a sharp decline in IV. Though my major profit is still coming from naked writes, I found verticals provide a higher return on margin...

Mav, I called the number from the vtradergroup.com website. I knew you run an office in Chicago, and I respected your honesty in this forum. I have to admit I learned a lot from you since tape reading. I have friends who lose their capitals and trading profits in WorldCo, and thats why...

Murray, Thanks for the info. I don't think you need 1 mil personal assets for trading prop. But You do need 1 million to participate in a hedge fund. When you join a prop firm, your account is non-segregated. I just wonder how you protect your own capital. I called them but they said...

Murray, I guess you are joining vtradergroup. I wonder if you can share with us the cost of joining it. I might consider joining them too.

How about the 1270/1240? I put the order for a debit of 1.8, and didn't get filled. Will try again next week. The short is closer. It means I have to make adjustment before expiration but I think the change of making is higher.

Thanks.

Mark, It is good news! Thanks.

What time will set be announced?

Thanks Mo. Do you have similar articles on calendar spreads?

Isn't "selling advice" the greatest invention of mankind? If my advice is wrong, I lose nothing. But if i am right, i will get a drink. Freebie :D