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When I negotiated my commission rate with ToS, I did mention TheOptionClub.com and I also documented what ToS and I agreed to in an e-mail. I just checked that e-mail and here's one of the points I documented: "There is no minimum number of trades that I'm required to make." They agreed...

Nope, no ticket charge. I don't know about the minimums required. You'll have to ask. If you do find out, please post for our benefit as well.

Yeah, I'm sort of in the same boat. Although you would think I'm a man of leisure (based on the number of posts today), I'm a consultant and travel quite a bit. On Tuesdays I travel all day and can only call to get quotes two or three times during that day. God help me if I ever have to...

Shams: You can do better than that with ToS. Send them an e-mail or call them up and say you want the $1.25 per option commission that was extended to TheOptionClub.com. I think that this pricing is still available. Also, I think if you mention Coach Phil, you can also get that...

Welcome to the forum: Yeah, there are a couple of really well capitalized individuals here who shall not be named (Donna, Coach, etc). I typically place a lot size of 10 with a point spread of 10 to 15 points. Have you read through the posts? Coach really stresses risk management. I...

Coach: If I'm understanding you correctly, while you were legging in, you sold 40 may 1345 SPX calls, right. Wasn't the margin on that, like, really high since it was a naked position. Or is this where that "haircut" thing comes into play.

I'm sure someone else will post how the SET is calculated; it's essentially the index calculation based on the opening price of all 500 stocks in the index on Friday morning. From the point of view of your short strikes it's the SET that matters and not the closing Thursday SPX value. So if...

Hey Andy: You don't post much any more on what you're doing with options. I know you were doing a lot of research and considering a lot of different ideas. Care to share what direction you're headed in with regards to your option trading? Thanks.

Jim: Congrats on a nice month and welcome to the board. Was your bear call really a 1345/1385 or did you mean to write 1345/1355? Edit: If your new to trading the SPX be especially careful of the SET (SPX settlement on Friday after Thursday expiration). I wasn't even aware of this when...

Repost of SPX settlement vs Thursday close. Looks like I had 1320.79 for April 2006 when it should have been 1320.70. Not a big deal, but it's usually a good idea to be accurate when you can be.

I was just looking at some June options on the SPX. Looks like only the 1380 SPX options got added (I had requested 1385, 1390 and 1395 as well). Anyway, the Jun 1370/1375 bear call has a mid at $0.65 with SPX up around 0.3. It was probably $0.75 earlier. I know Coach doesn't like to put...

CNBC Alert: Crude oil is above $75. Apparently there are areas in Philadelphia that are out of gas. Some areas have over $4.00 gas. How much longer can this market continue to go up??

Good month for me. Return on margin at risk was 5.2%. Traded only SPX credit spreads and put on my first SPY call hedge (which reduced the profit a little). Also, attached is an updated SPX settlement spreadsheet. The spreadsheet lists the Thursday SPX close and the Friday SET...

Anybody know the SPX settlement value?

Doh! Yes 1360/1375.

Doh! Yes 1360/1375.

Rally: Unless I've been reading your posts incorrectly, I don't think you've been getting it right on your TA posts, except the last one (where you made no comments). :) This is not an attack on your TA, since there aren't many getting it "right". It seems to me that it is "program...

Got the following filled today: SPX MAY 1260/1275 bear call at $0.75 credit Also placed the following hedge: XSP MAY 133/134 bull call for a debit of $0.35 I was watching the XSP and the SPY and it seemed like the XSP debit spread was $0.05 cheaper so I purchased it instead.

I was bored so I started looking at June options. I know, I know it's a bit premature, but my strategy is gravitating more and more towards bear calls and away from bull puts. So, given the IV skew, if I want to keep bear call premiums up, I have to at least look at putting the positions on...

Is that because it confirms a breakout for you and then in subsequent months you have a directional bias that yields rewards in trading something other than credit spreads? [/B] in fact thats where i actually start getting excited since historically i've had my biggest winners during...