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I appreciate what you are saying, there is some good discussion here. FYI I've never been to a seminar and none of the books I read recommended any trading strategy (they were all just straight options info). I do understand the math though I am expressing it in more basic terms. We don't...

I never said "sit on the OTM puts". Of course I would adjust/roll etc. I might even close SOME positions at a loss if I have to in order to get the margin back in line. But I am not making assumptions, I am looking at actual option pricing data and the p&l that various positions cause so these...

I agree with you that if you're looking to get the same premium, it IS safer to trade ATM vs DOTM if a big move is about to come against you. This can be illustrated with selling ATM put vs 5 delta put Aug 21. You would need 20x of the 5 delta put to equal the premium of 1 ATM put. And the loss...

Im I'm curious how you manage ATM puts? Yes the theta is very high but your delta to start is .5, so if market trends against you it will go ITM and your theta disappears?

Just watching the intro now. Too hard of a sell. Love the "I paid for my vacation by trading all before getting there". I thought I would do this just to test some other strategies I've been thinking of outside of my own fund...but the training fees are a joke. I think the concept is...

You are not a US Citizen nor a resident of the US. There are many non-us investors that invest in the US (real estate, stock etc). Receiving a K-1 does not in of itself mean you have to a file a tax return. You normally file a tax return only if you have something called Effectively Connected...

Yup I saw that too. Also the margins on short options went up. Even very deep OTM on SPX. PM for 1x contract that was ATM was only a little more than a contract that was 200 points OTM. I asked IB customer service how they calculated this and they said "there's a house rules algo". Well if you...

If you're talking about individual stocks then there's only one way, just trade its options. In general, if you expect the stock's volatility to go down, you would sell options. You have to be careful for example right before earnings the volatility is VERY high and everyone knowns it will drop...

Good luck, there's lots of great education out there. Keep learning, reading and keep posting questions!

Uhm no, if you had sold options BEFORE the increase in volatility you would be sitting on more short premium than you collected, so you would be DOWN. If you think volatility will decrease you can 1) short VXX 2) short VIX futures in current month, 2nd month etc 3) take a short position on VXX...

Yup. Got burned on this today. Had a few puts that were pretty good OTM heading into this morning. Well the SPX opened gapped down to 1877.94 (no problem there, puts were still OTM) however the SET was printed at 1866, lost 10k. Kind of surprised there was an aditional 11 points of gap between...

I would like to see about 10-15% per year inflation so that my fixed rate student loans gets wiped out fast.... so please mr. goverment, print more money !

Obama? ; )

I dunno but I kinda doubt it be under 500k. Anyway, I noticed the couple of previous times the jobs report comes out the market goes the way of the job report for 10-15 points and then back the other way for the rest of the day. Who drives that initial move and who drives the reversal?

Hasn't white clearly embraced what is right by electing a black president?? (or i guess half black, but progress is gradual right: )

I stopped trading options with IB because of this. However, for stocks and futures I have never had any cancellation fees charged

John Roberts' attempt to make Obama an illegal president fails lol : )

It broke/is breaking through through MAJOR support right now. I agree if it stays below this level and does not rebound, there is virtually no support for a long way down. too bad i'm not in this thing anymore : )

Exactly. They cannot ban him because he is the founder of ET He posts on ET to stir up topics. otherwise ET migth wither away into nothingness. Nothing like controversial opinions and trading picks/calls to bring people to a forum : ) thats my humble opinion...

I just noticed on thursday and friday during the day the margin on ES was 3k something during regular hours and 6k (the normal it has been) AH. I don't see anything official on the IB website about this change. Has anyone noticed this? Also, seemed like there were no special intraday...