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These are the basics of a trade IB executed for me last Friday morning (closing a SPY broken wing butterfly). Trade ID Option Execution Time Xchange Execution Price 46391559 SPYIQ 121 Call Sold 2008-09-19 09:30:02 ISE 3.85 46391565 SPYIS 123 Call Bought 2008-09-19 09:30:02 ISE...

Thanks for pulling me up on the calcs. I did have the 44.8% return in the spreadsheet under the % Return from Max Risk column. Then I got confused when I read the PowerOptions link. In there he states - % Return = (Net Credit) ÷ (Margin - Net Credit) Where... Margin = SOLD PUT strike...

Thanks, pol, for the clarification. This equates to 36-48K per year which is worth aiming for. Cottle, in his intro to 'Options Trading:The Hidden Reality" states "the best options traders make about 100% per year consistently. This is about 6% per month after commissions. A realistic goal...

I think if I had a large number of contracts on, I would be nervous too about that 38/42/46/50 condor! As you can see from the spreadsheet I closed the puts when the 42 strike was threatened. As I said, I'm just experimenting. Also, I am usually doing more conservative spreads with higher...

The posted spreadsheet details a March QQQQ iron condor with $400 margin, $99 final net credit after commissions and 99/(400-99) = 32.89% return.

I am a novice option trader with a small account, currently trading credit spreads/iron condors on IB, primarily with SPY options. When I calculate my returns using the net credit/(margin required -net credit) formula, I am getting returns over 30% for each of the last few months. Now...

I am trying to get into the IB API for Excel, primarily for loading Option Chains for live analysis. In their sample program (TwsDDEbeginner.xls, Options Trader worksheet), GetQuote and LoadChains are failing due to an overflow error in makeid(), specifically id = (Date - 37000) * 1000000 +...

This isnt to bash IB but I'm wondering if anyone else experienced my problem on the afternoon of Friday 14th March i.e. when I requested a bid/ask quote for any combo in Option Trader, all the bid/asks were put up for the individual legs but there was no summary quote for the combo as a whole...