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Thank you. I'll give it a look.

Wait....Traders read? ;)

Surprisingly little interest here.... No takers?

You're broker isn't ;)

I primarily trade calendar spreads in SPY, a typical week might see two or three opening trades, and two or three closing trades. My current stage is: I'm trying to achieve consistency, and therefore size. That being said, this doesn't mean I'd only like a group of calendar spread traders...

I am looking to form a small weekly meetup for self-employed options Traders who work from home in the City of Chicago. If you're like me - trading your own money and working from home - a Trader's life can be isolating and suffocating. And it can be tough to bounce ideas off others who can...

Trading out of an IRA is great...unless you need the money at any time before you "retire". When you withdraw the funds, you pay capital gains tax on the money withdrawn, plus a 10% penalty for early withdrawal. If you make a habit of withdrawing funds regularly, this can get pretty...

Thanks Joe. My thoughts exactly. Best of luck to you as well. Sean

Put the remaining cash to work today in $IWM one strike lower than the spreads we put on the other day. Today, entered $IWM Mar/Feb 61 Put calendar @ .85 for a total cost of $87.54 after commissions. The initial profit target on this trade will be .99. This used up practically all the...

I trade on the thinkorswim platform and cannot recommend it enough.

I've traded verticals before. My discomfort with them lies in the fact that you're basically making a directional market bet. And I've proven to myself that I'm no good at that. Yes, I agree with you about the nice situation of possibly saving money on commissions due to letting worthless...

Scaled into a new position in $IWM this morning. Put the available cash to work in two $IWM Mar/Feb 62 Put calendar spreads at .82 and .83 for a total cost of $170.08 after commissions. Still waiting on a fill on a third spread at .81. Will leave it working through the end of the day...

HtW, Thanks for reading and best of luck to you as well. Let me know if you start that journal and I'll follow along.

Mr. Bear calls to remind us he's still out there. SMACK!!! The S&P tanks for 3 straight days and my positions got puked out. A humbling reminder of Mr. Market's intention to figure out the best way for the most Traders to lose. So, near the close today, I closed all three Mar/Feb 114 call...

Can't we all just get along? Let's call it a truce, shall we? Let's let the PM resume updating us with his latest endeavors to recover from a rough start to the new year.

Probably the finest piece of advice offered on this thread. It should be everyone's goal here to at the very least do what Livermore did with regards to permanently withdrawing some profits to set aside to take care of basic needs - forever. I've a long way to go. But one of my goals is to...

15 cents slippage on the SPX = 1.5 cents on SPY. That seems ok? I visited the CBOE trading floor yesterday with Jon Najarian (Dr. J) and his partner Andrew Coffey (they are affiliated with optionsMONSTER/tradeMONSTER). Couldn't have been nicer guys. Anyway, speaking with Jon and others...

Will do. Does anybody else have any relevant questions I might be able to get answered tomorrow on the CBOE floor? I'm headed over there about 9am Chicago time. Fire away.....

Are you saying that if the market is away from your strike price, you've had a hard time exiting at the mid-price, but if the market was near your strike, you didn't have too much trouble? Honestly, this is what scares me the most - getting out of a trade when you have to and you end up...

Took the available cash and bought two $SPY Mar/Feb 114 call calendar spreads at 1.02 for a total cost after commissions of $209.08. This basically is an add-on to our existing spread. We purchased one of these same spreads on January 6th at 1.00. This brings our average cost of the entire...