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    IB Downtime Update - WIDE SCALE SERVICE DISRUPTION

    I know, I"m not really one of those people looking for a hand out. I was more or else looking for a small refund as a "symbol of loyalty." The $600 they give me isn't really going to lessen the $5000 loss, I've been with them for a couple years and have never really tried to get money from...
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    IB Downtime Update - WIDE SCALE SERVICE DISRUPTION

    So here is the ugly disasterous update to this. So after I entered this trade not knowing that my wonderful TWS was jacked up and displaying incorrect ask prices and submitting a ticket to IB with screenshots of what my TWS was doing. So far I have received absolutely no response!! Today I...
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    IB ask prices messed up?????

    Actually what I was referring to was not on the demo version but the actual version of TWS for live trading. Problem occurred a few days ago when IB had a major system wide crash. I've never used the demo version...
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    IB Downtime Update - WIDE SCALE SERVICE DISRUPTION

    Ah sorry about that. If your time horizon is just a few minutes then I don't see how options could help you much if you are hedging a long position. (i.e. you're buying/shorting shares of goog and then closing the position a few minutes later but want to limit your loss in case of a system...
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    IB Downtime Update - WIDE SCALE SERVICE DISRUPTION

    "Hmm. I know next to nothing about trading options. How would someone with a very short time horizon, who trades a few times during the course of an average day in either direction, safeguard his trading from such occurrences with options? I suppose it might involve buying both calls and puts...
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    IB Downtime Update - WIDE SCALE SERVICE DISRUPTION

    I opened a ticket with IB because it appears their system didn't totally recover after that failure! Anybody else notice the NDX 1975/1950 Jan put spread had a BID/ASK of 2.01/1.90??? Of course I stupidly thought maybe it was a quick move in the NDX so I sold 6 1975/1950 spreads for 2.01 which...
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    IB ask prices messed up?????

    Anybody else getting bogus ask prices on the RUT spreads for Jan. I've gotten screwed on some orders because IB is displaying incorrect ask prices in TWS....anybody else having this problem????? Of course now I'm stuck on hold on their chat help for the past 30 minutes while I'm watching my...
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    MY IB is messed up!

    How is it possible that my trade workstation is showing a bid price of .20 for a spread and I put in an order to sell that spread for .20 and now the bid and ask are both .20 but no order is going through???? WTF?????
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    SPX Credit Spread Trader

    I really hate SET. My personal rule has been if there is a big event coming up on SET then I will typically look to close early regardless of how much of my profit I give up. I figure if I sold a contract for a 50 cent credit and have to close it out for even a 40 cent debit on a big SET day...
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    SPX Credit Spread Trader

    Would now be a good day to buy straddles or strangles? It seems like 1500 is the "fence" and depending on that beige book tomorrow afternoon and the PPI/CPI coming up, we could get a violent move either to the 1520-1525 range or a drop to 1480-1490? Or is everybody doing this already so...
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    SPX Credit Spread Trader

    Here is an observation that I wanted to get some opinions on..... Looking at the 20 day and 10 day EMA's for the past couple months: Its pretty clear the SPX is bouncing off the 10 day EMA and going higher so the trade seems to be buy debit call spreads at the bounce or open credit puts...
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    SPX Credit Spread Trader

    If I had to bet, I would guess they were at the 1475 short strike. There seemed to be a ton of contracts there before expiration. I had positions there but I got out of them ahead of them a week or so before expiration. My face was white when I saw the set value and realized how much I...
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    SPX Credit Spread Trader

    I think you'd get a margin call or either the broker would immediately do a buy order for 10 XYZ APR07 calls at market price (serious potential to get ripped off). Or the broker might send you a message letting you know that you need to cover this with either stock or cover your shorts by the...
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    SPX Credit Spread Trader

    You guys are right, I should have asked to have them bust my trade since it was made based on the one they busted on me. Wouldn't have hurt to ask anyway! Wasn't sure what to do since this is the first time this has happened to me. I usually do mostly combo trades....oh well I guess this'll...
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    SPX Credit Spread Trader

    Hosed by IB, anybody else have problems with "busted trades"? I was short an SPX 1440 April call yesterday. Went in today and put in an order to cover at $7.50 using their Webtrader, check my order and it's been executed and it clearly shows it was executed for that price at 10:02 AM...
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    SPX Credit Spread Trader

    :) I just wanted to thank Donald Tomnitz (CEO) of DR Horton for making "suck" an acceptable description for bad trades. I still can't stop laughing at all these CNBC dudes trying to spit out "suck" with a straight face. :D
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    SPX Credit Spread Trader

    I get the feeling my put credit spread positions are going to "suck" for the rest of this month and next month......
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