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Thank you for the warnings. I agree with you in your summary of what to look out for as well as your conclusion that options are complex. I was thinking of setting up a couple of simple strangles with the spx emini options. Do any of you have any thoughts/warnings?

Has Anyone had an enlightening experiences selling these options? Should I stay away from them? What is the risk of exercise? Any thoughts?

Thank you very much. I was on the cme website and couldn't find the link. Thank you!

OK, I'm quite confused. Are you saying that one es options contract controls 5 futures contracts? Or were you just comparing the emini to the full s&p futures contract?

Fungible?

I Have once quick question. How many ES emini futures (S&P 500 emini) contracts does one ES futures option control? I personally think that it is one because IB doesn't require much margin, but I just wanted to check. I tried asking the IB help desk, but as usual they avoided my...

It looks to me like it closed around 114675 from what I can deduce.

LOL, I find it quite amusing that you think that you have found investors who are willing to waste 100k. I know that you said that it is a small amount in proportion to their net worth, but you need to evaluate whether or not they are really willing to part with that money. They most likely...

I have a quick question for those of you who also trade options. For reference, I am currently using IB as my stock/options/futures brokerage. Does anyone have an explanation as to why the options quote at the opening of trading every day takes 30 seconds to load? Every day, at the...

Yes, definitely think that we should recieve at least a note in our website inbox if not an email.

"When you're convincing yourself that you're right, what you're saying to yourself is, 'I know who's in this market and who's about to come into this market. I know what they believe about what is high or what is low. Furthermore, I know each individual's capacity to act on those beliefs, and...

The new PDT rule certainly got me more interested in options. I decided to try to trade them instead of swing trading stocks... I lost a good amount of money. This was due to my lack of knowledge, preperation, and failure to heed my own good money management rules.... I took a little time...

lol. Good point Candle... it's funny how people love to pay taxes in this country (USA) These same people like to make their taxpaying a moral/ethical issue. :p It's funny because they seem to think that paying taxes has to do with being an American... They seem to forget that the ever...

I'm going to have to second Maverick74 on his point. Natenburg does a great job of explalining the many aspects of options that aren't understood by the novice trader. I currently own the book. My only problem with it is that I haven't been able to finish out the last 75+ pages due to his...

:D yep

I've used ISE for a good bit of options trading through IB. I've never noticed any type of delay when I wanted to cancel an order. I've also traded 1 contract at times. Personally, I prefer ISE due to their quick cancellations. I've had too many problems trying to get filled using other...

Don, thanks for being a "little" bit more specific. :p However, I believe that you are technically wrong. Here's why: If the trader were to join an LLC and then never trade/make additional funds then his liability is limited to his initial investment. However, what you are over-looking is...

Just my thoughts... and I'm just repeating what Don Bright has already emphasized... If you are joining the firm to gain an education then fine. If you want to take home $ at the end of the day then you had better have a clear understanding of all of the company policies. This can be done...

"Limited Liability Company" = limited risk.... if I remember correctly that limited risk is the value of the assets in the company.

:D That's hilarious guys. Truly hilarious... it certainly helps me work off the queasiness that the original post induced. :)