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Did you get the preferred commission rate?

Okay, so the 100 points was a bit high, but I'm seriously considering it for my retirement account. Also, I think it will be possible to put somewhat more margin at risk than I would in my regular account. Say 50 to 60% total at any one time (my regular account is about 33%). I would have 30%...

Well the June 1390/1405 bear call has a mid of $0.35 right now.

Coach: I was thinking about some of these really FOTM strategies. Running through a few numbers and let's ignore commissions for now. But if one were to place only bear call spreads (so as to avoid a possible black swan event) and if one received only $0.25 for a 15 point spread, the...

One more thing that hasn't been mentioned are the Wednesday chat sessions on various option topics. The presenters esp. Tom are very knowledgable and you can look at transcripts from all of these sessions going, I believe, at least several years back. Plus I would bet that there is a lot more...

Pi: Open an account and you'll see why it's so much better. I don't even really use the tools, but Ryan and others have been raving about the analysis possibilities. ToS has a new "play money" area where you can put on simulated real trades but you're doing it with "play" money. So if you...

Hope you didn't have too many contracts on. Looking at the SET vs Thursday close spreadsheet that I posted, it looks like it's almost a sure thing that the SET won't close higher by more than 15 points (at least based on the 8 years of data). However, the SPX could finish much lower. The...

VP: I sort of agree with you on the TA part in that I don't think it is as critical for FOTM ICs. However, Rally has got me thinking about the value of timing the selling of credit spreads when the SPX is trading in a channel. I followed his timing strategy for May and got some nice credits...

Rich: You might want to consider a ToS account. I made the switch back in October or November and others have as well. You can see from the posts in this forum that we all pretty much feel that ToS is superior to OX. One caveat, if you rely only on a web-base platform, i.e. you can't...

Nice start and welcome. Just out of curiousity, how far in advance of expiration did you put on your positions. Did you place the entire IC at once or each credit spread at separate times.

Okay, and I hate to say this but I guess I look forward to watching you adjust one of your trades (sorry) :) "A better entry for the second spread". Yeah, but it will cost you a fortune to get out of the first spread. So I would think the net debit would be ugly, unless you're planning...

This is your conservative account!! :) But seriously, wouldn't you say your strategy requires you to monitor your positions more than if you were FOTM. Can I ask: are you a full-time trader or do you have a regular day job as well.

Well, I don't know about others but I would certainly like to follow any credit spreads that you place, if you don't mind sharing. I mentioned this before, but I have a feeling that the days of relatively "easy money" from FOTM spreads may be numbered. Meaning that, when the time comes, if I...

It's interesting to watch you guys. Rally's been posting his trades, but I never seem to remember your posts, Cache. Am I just not being observant?

Cache: That's just for a spread, right, and not the IC? An IC would be > 2.00.

I typically look for around $0.50 myself.

I had a feeling that wouldn't get past you. LOL However, I'm partial to a more, shall we say, bodacious bod!

One other thing to consider, and you'll see that Coach always posts this in a response when people ask him about the risk on his positions, is that you don't want your entire portfolio invested in credit spreads. You don't want to be in a position where one event or bad move can wipe you out...

Speaking of legs, I believe you owe me a little "quid".

Donna's the right person to ask on this. I don't have women's intuition (by design I guess :)). She has been quite successful so far, but pretend I didn't say that, as I don't want to jinx her. However, I believe she's started legging into a trade today.