Search results

The Eoption website gives no insight into what their trading platform looks like. I was an IB Client for years until I became a devoted Options trader, which was when the deficiencies of the IB trading platform became a detriment to my trading. I had a ToS account but did not like the...

Since this thread seems to be a little on the silly side, here is what I can offer: Buy Amibroker (search for it on Google...) Then either use AmiQuote (free with Yahoo quotes) or subscribe to Quotes Plus EOD data. Then create a script with AB to calculate and create graphs of...

I've already read the replies from many of the guys who were in the business and who have an opinion. Here is a different take from someone who wasn't in the business: I would not hesitate to say that "I'm going to focus on understanding and managing risk while learning to make profits for...

Mark, Nice post about your trading style. I mis-spoke when I posted that I am scared of risk... the proper phrase should have been "I am aware at all times of the risk" of any positions that I have on. Your almost exclusive use of Iron Condors as a trading vehicle was a surprise. But...

Hello Mark, Sage advice about FOTM positions. Most of your posts offer this type of observation about the strategies outlined in posts from other people. But I'd like to know your specific preferences or setup's for constructing various combo positions. In other words, what underlying's...

Well, that clears up a lot. Random selection of trading strategies with absolutely no trade management offers no edge whatever. I agree completely. If I picked random financial advisors at random times, disregarding past performance. strategy and honesty factors, I might have an edge trading...

It is interesting that your emphasis on my post was "resilient to loss". While I include "loss" in the evaluation in my trades, I focus equally on "resilience to profit erosion". That may seem like splitting hairs, but both objectives are important to me. Most of my 'bread and butter'...

IMO... As a trading vehicle, Options are the only "edge" I need. I no longer trade underlying issues directly because of the linear relationship of my P/L to the underlying price movement. I'd rather construct option positions that can produce a decent profit while being resilient enough...

I'll only take issue with Mark on Item # 5. Since OI is linked to volume... then it is an indicator of liquidity, which usually has an impact on bid \ ask spreads. OI is therefore a metric that I use to ultimately determine whether I do a trade or not. Mech

Whoa Mark! Read my post more carefully. By legging into the butterfly, I received a nickle CREDIT for my position (a $1.45 Credit on one leg of the trade, minus $1.40 Debit on the other leg, giving a net credit of $.05). Then after broker commissions were deducted from the nickle...

After April 14th move I wanted a cheap 15/17.5/20 May Bfly but the MM's didn't want to play in my sand pile. So on 4/14 I put on a 15/17.5 Bull Spread for a Credit of $1.45. Today I got the 17.5/20 Bear Spread at a Debit of $1.40. Net cost after commissions was $ 0.60 cents, effectively...

An inexperienced trader will lose more money in a poorly planned trade than the cost of the seminar. You get what you pay for. Mech

WarTrace, In response to your opening post: After honing your options trading skills, you should be able to earn consistant profits in a couple of years. This assumes that you don't take unnecessarily large risks on any given trade, and that you have a trade plan before entering each...

I'm just trying to figure out what he was smoking. :D

Don't know that I'd call em the 'king'. Calendars have less risk, and butterflys have worked well for me lately. But back to the vertical spreads... The last few months, I've experienced some unusual timing problems with verticals. On three consecutive monthly trades, I've had stops in...

What does this really mean to index spread traders @ IB? Does this access to SPX mm's via IB's tradedesk make trading the SPX any better or worse than trading NDX or RUT in terms of being able to judge accurate bid/ask spreads for putting on trades with the best R/R ratios? Even with NDX &...

In case you haven't noticed: 1) Expansion of Electronic trading has caused significant downsizing of MM's at the Exchanges. 2) A lot of people with significant MM experience on the floor have been squeezed out of a job and are now using their knowledge (expertiese) to either trade their...

"Nonsense" or "ridiculous" replies are rare here, particularly when the replies are from former MM's. The "SPX Credit Spread Trader" Journal has run its' course. Anyone interested in a broader, more general "Spread Strategy" Forum covering a wider variety of Option Spreads?

I'd like to compare HC to Portfolio Margining which I use @ IB. Another question for Sailing, Did you just stumble upon OIH as a hedge, or can you list the criteria that might be used to identify other hedge vehicles?