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How does one know if the price of an options leg is expensive or not? Is looking at the IV of that strike relative to its historic IV the only way to do it?

By NQ you mean NDX?

QQQ is not part of 1256 contracts. So taxes are high. Also QQQ is cheap, so commissions will be high. I do regular strategies but with far away expirations so that gamma is less and margin is less

I trade expirations which are at least 6 months away. Even though SPX does not have much volume that far away the fills are still good. I trade in 1:2, 1:3 or 1:2:3 ratios. How is NDX 6 months away? Do we have to give up few more cents from mid than SPX to get filled?

Yes, if they never sold, they never lost because the market is UP overall from any point in US history.

Actually I have been doing proper risk management for a long time. But, only with PM. I do not have any idea about SPAN. Trying to learn the exact algorithm which SPAN uses. It looks very similar to what PM uses with sticky delta and sticky strike.

Thanks. Will do. No, I am not a naked options seller. I usually trade multi-leg trades. I was trying to decide between SPX and ES. SPX has the advantage of being an 1256 contract which make taxes cheaper.

I have to choose between /ES Futures Options and SPX Options. I am trying to see where leverage for options is more? In Portfolio Margin for SPX or SPAN margin for /ES Options? I trade with TDAmeritrade.

Yes I know she cheated.and her strategy was very risky. I was just talking about the fact that she got millions of dollars worth of contracts filled. I was just talking about scalability of SPX options.

Many are talking about scalability here. I am worried about it as well. I trade index options like SPX. The returns are good, but worried about scalability. I know some are able to scale this to millions of dollars. I heard Karen the supertrader was trading index options with 100 million dollars.

Your strategy is with stocks, options or forex?

How is your consistency till 2019? Still above 200% per year? Does your strategy scale to millions of dollars?

Are delta neutral trades better at getting filled with a market maker? I can split my trades in such a way as to create multiple delta neutral entries.

Any update on this? I am looking for it as well. I am interested in 2nd order derivatives like Vanna and Vomma as well.

Can you send me the code as well?

Is there a client library for TDAmeritrade for order execution? Or should I write one from scratch using their API?

Is there any library I can use, to calculate the margin required for an options trade using Sticky Delta and Sticky Strike method?

How do you trade options without a broker? You directly place orders with OCC? Is that possible?

If calculating margin is so difficult, then is there a way to programmatically back test strategies without calculating margin for portfolio margin accounts?

Is there a simple way to calculate margin using TIMS? We have to vary the underlying price and change IV to simulate what would happen.