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I have emailed TOS on this and they seem to say no, but hard to believe. Their Spread Hacker looks amazing, but it is just spreads. But I just want to see what the model price of single options are and see then ranked from most overpriced, or from most under-priced. The idea is to hedge...

thanks. Does it do optimization? The competition does. -Darp

I have been working on automated trading since 2001. It is very hard to do for real. History: 1. Started with Tradestation, it could not backtest a basket of stocks, just 1 stock at a time. Then they are crooks, when the lowered their commision about 6 years ago in half, they did not...

Spindr, Thanks. I have been plugging into Hoadley. In general like the high IV better, as loss much smaller. On FAZ can get $100 cost $800 potential ICs. Have created them with calls and puts, puts only, calls only. Some varience. Also if not for the spread costless is possible...

Interesting discussion. I have never done an IC even though been through TOS classes. I use IB but TOS software is amazing. Do they let you try the software for 30 days without an account? If so I should do it. Am surprised just how low the risk is in spite of the fact SP options...

Glad I bot back the extra options sold on front part of 50-40 on mkt bounce. What bot back under .60 os now .80. The trade is now up 90% over cost. Not counting the quickie trade that was profitable. The ES 950-860 sprd is only up 30% in comparison and today was first day it shined...

bot back the .64 front month ones sold Thursday at .58, after seeing how much it affected the downside potential. Decided it was not worth potentail loss of gain. Part of the idea on this trade is that we could have severe 2008/1987 style crash. So back to 50-40 ratio now. Cheers

Thanks. Yes the 50-40 it has done very good, up about 40%. Today I sold 6 of the Sept for .63 (orig .38), but that is a quick trade planning to buy em back for .50, the mkt has dropped hard expect a 40% retrace here. If not, still a good spread. The other 2 trades of course up, but not...

Was able to reconstruct the 25-25 Dec17-Sep30 SPY calendar as I did 1/2 of it today before the drop. Was able to get the exact same IV on the Sep 80 put as did on 78P So it cost .92 and $2300. At 8-31 its a $532 loss at 110 and a $5400 gain (max) at 800. So yes cheaper and 10 to 1 from...

Hi Premium, It was a ES 800 March-Oct that I had setup already in Hoadley that just happened to be within $25 of total cost so used. it. I will plug in SPY one and let you know, with Dec-Sep and whether 17th or 31st. My 50-40 did super today, a 15% gain on first day on about 1.5% drop...

Hi Premium, I just did a 85/850 pure calendar at same total risk $3375 ($25 more), its a lot smaller 25-25. At 1100 30 days before exp, it does cut the loss in half, if SP goes up they are the same. at 90/900 they are the same, below 900 the 50-40 75P blows the 25/25 850 away At 800 its...

Atticus, Thanks for doing that. The concept of slightly ratioing a calendar really seems to be superior to a straight Calendar. That concept does not get talked much about. On that same calendar if straight not ratioed, it peaks about 10K profit Sep1, and at 55 its a loss of $2400...

The setup in mkt looked good enough decided to put 2 trades on before it dropped to much, the mkt really dropped as was putting them on, maybe I will go mkt next time. Ended up with 50 Spy Dec 17-10 75 Puts at .99 and sold 40 Sept 30-10 75 Puts for .40, .59 in including commissions. Got 42%...

Redeye, the IV spike greatly helps this trade, if it goes up from 42% now to 55% it makes $7,000 at 100 on Aug 30, way before expire, 7 times more than it makes at current IV ($1,000). The 50 long 40 short ratio is what makes it shine, it only increased the cost from $3,100 to $3,500, but...

Been plugging things into Hoadley and checking the results. If buy 50 SPY dec 18 75 Ps at 1.02 and sell Sept 40 75 Ps for .40, total cost is $3500. If even (1,100) by Aug 30 a -1,500 loss, if 1,000 by then 1,000 gain, if 900 then a $6,000 gain, if 800 a $12,000 gain. If 500 a $20,000...

Thanks on butterfly, did read the whole thing.

thanks

This is off shoot to Best way to profit in Crash with options post. BTW got some good tips from that, thanks. In going to implement it, see considerable bid/ask spread like 10%. Example NOV ES (Emini) option 950 Put was 27b 31.75a that is close to 15% spread. I bot 1, but had to pay full...

Atticus, The calendar it there not for gain although it will produce nice one at 1125, Its there to prevent a loss if mkt does not crash just drops a small amount or holds even, or even goes up 7%, and it only hurts the profit a small amount if it does crash. Does that make sense? BTW...

Many good ideas, appreciate it. And need to plug them into Hoadley to check them out. In terms of what type of crash, think 800-900 by Sept quite possible. Today makes it cheaper to set it up. Any thoughts on this concept: I put in a Nov 950-800 Put Vert spread, cost about 22...