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Regarding ToS, this is an observation rather than a criticism... Seems unusual that several things have been mentioned in this forum that are negotiable on an individual basis with ToS rather than having published rates and policies that apply to everyone and that can be compared straight up...

Curious. IB pays 4.79 and 5.05% money mkt rates (depending upon your acct size. Are you guys not getting decent mm rates with your brokers?

Sure, be glad to. If you play with the ToS graphic risk analysis, you will notice that the mouse ear only produces the 'ear' profit on Expire day. (I have not yet played with vega changes on a drop that severe (1 Sig +), so I don't yet have the trade completely mapped out). I just know...

$360 minus $15 transaction cost. And like I said, IB can handle the complex orders, but for the effort expended, ToS's higher commissions might be worth the eliminated aggrevation.

Excellent... and a 'Mid' calc of combo B/A... nice. I plan to open a ToS account next week. I'll spend a few months comparing ToS with IB. Plan to enter same trades at same time to compare executions. I've been using their demo for three weeks and am pretty impressed with the platform...

IB. You didn't ask, but: They have a trading platform that can be configured to suit about any feature a stock trader would need, but the feature configuration is not intuitive. Good trading platform for stocks. Challenging, sometimes painful, trading platform for Options. You can...

I actually did the trade. And the $3.60 Credit came from the worst of the B/A sides since I accidently entered a $.55 Lmt Order instead of my intended $5.50 limit. (It used to be that MM's would stick it to you big-time when you screwed up like that). OV5 (with delayed quotes) seemed to...

Opened vertical SPX Spread: -10 MAR07 1415 PUTS @ 3.90 +8 MAR07 1405 PUTS @ 3.10 +1 MAR07 1420 PUTS @ 4.80 +1 MAR07 1425 PUTS @ 5.80 TOTAL CREDIT OF $3.60 This trade was for my own experience. To test OpVue 5 for simulating a 'Micky Mouse Ear' vertical. Worked OK, but OV5 had...

Another Veto

For quite awhile I've played with calculating Hist Vol against my EOD database using the established formulas, only to be frustrated by wildly varying divergences of reported Hist Vol on different reputable websites (including McMillans and CBOE among others). And yes, Hist Vol calcs depend upon...

Now THAT's Funny! I didn't think it was that obvious, but you ARE indeed the 'Master'!. :D :p :)

Master of the Obvious! :D

No interpretation yet. Just playing with the data (starting with the visual). Objective is to analyze, optimize and simplify spread level determination. From here I'll do some backtest coding to test band containment of SPX prices, then I'll apply various smoothing techniques along with band...

Sharing a visual I'm playing with. The attached is a chart of the SPX with Bands calculated from a correlated daily VIX value using the formula: StDevOffset = Close(SPX) * (Close(VIX) / 100) * sqrt(DaysToThirdFriday()/365); Plot(Close(SPX) + StDevOffset,"CallSide",1,1)...

1) Options on er2 or the er2 itself? 2) Any guidelines or insight?:confused:

Interesting! Why reference a 'hard coded' delta related to current vols when vols are variable and change day to day? Wouldn't it be more relevant to reference a variable of current IV, like 1st or 2nd StDev calc based upon current IV combined with days to Expire? But then again, I'm...

Sure! Here is the 1st thing I learned from the silent response... Don't ask stupid questions.:p

Sorry to quote myself. The silence was deafening. In fact, the silence was inspiring! I've done the research and have found the clues I needed. The Greeks... the lingo... the R/R's... and the techniques are coming together. All I needed was the inspiration. Later. D

OK... I am quoting a portion of a very old post from Mav (#551). And here is my point: Last weekend I ragged on Mav about being a 'riddler', and I was off-base in my criticism, and I apologize. Since last weekend, I have read every post that Mav has made on this forum (about 120), and I must...

Glad you took my post in the proper spirit. Mine is not a conspiracy theory, Nor do I accuse you of manipulating the market. I don't have that much trouble with your 'lingo'. I think I have a pretty good understanding of your intent. You don't need to make me do anything. I'll be happy to...