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    SPX Credit Spread Trader

    so what is NDX settlement price: open or close tommorrow?
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    SPX Credit Spread Trader

    I was placed a buy order with IB on NDX aug 1525 put bid 10 size 400 ask 11 size 287 I submitted the limit order for one at 10.5 as soon as I submitted the order, bid and ask changed to the following.. bid 10.5 ask 12 This happened 2 more times... everytime I submitted...
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    SPX Credit Spread Trader

    Coach, having said risk management involves not falling asleep at the wheel.. As you suggested: I bought back my 1540 / 1550 calls on monday for a $4 loss and rolled up to the 1560 / 1575 calls for a 1.3 credit. The 1560 / 1575 currently have a $4 credit What do I do now...
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    SPX Credit Spread Trader

    Phil, First, let me say that I really appreciate what I have learned from you and others in this very informative thread. I was just kidding about prayer as I would never bring God into my trading. I already closed my put spread of the condor for a small gain.. maybe .30...
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    SPX Credit Spread Trader

    nlslax.. I think NDX was around 1490 last week when i started the iron condor. optioncoach.. awaiting your reply!
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    SPX Credit Spread Trader

    Coach, I have one NDX 1540 / 1550 credit call spread left over from an iron condor I opened last week. When I opened it I received about a $1 NDX as you know closed way up at 1533 friday and the spread is now almost $4 My maximum loss is $1000 less the $100 I took in. What would...
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    SPX Credit Spread Trader

    Coach, I began my SPX credit trades yesterday with ONE 1150 / 1155 put spread for .30 credit. Getting decent legging in fills using IB was a bitch. Everytime you change your order price, it is considered a cancel / replace order with $1.20 charge. I think that I got charged about 7...
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    beware of IB's cancellation fees

    Yesterday I got a $2.40 order cancellation fee on my statement. I place a couple of option day orders but they were never filled and I did NOT cancel them. Turns out, everytime you change the price, they will charge a $1.20 order cancellation fee. They said that the policy currently...
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    SPX Credit Spread Trader

    Coach, On the July 1110 / 1125 put spread: What would be the price that SPX would have to drop to before you initiated your hedges / or stop losses ? You mentioned earlier in this thread about using SPY bull call spread as some sort of hedge against a big drop. Do you mind...
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    SPX Credit Spread Trader

    Coach, I noticed the bid / ask spreads on SPY are much tighter than SPX. Any reason you are not doing this strategy with SPY ? Thanks for your great thread! esu2
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    Options Software

    You can download a free analyzer that will give you all greeks and risk graph for any spread up to 6 legs here: http://www.optionstar.com/intro/ezdl.html
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    Option Analysers

    Here's a free PL vs Price analyzer. http://www.optionstar.com/intro/ezdl.html
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    Understanding Greeks

    How about OTM naked put instead of credit spread? For that HUI example, just sell the 200put and forget about the debit. That would maximize your risk reward by giving you a better breakeven and credit. You could set a buy stop order if the option goes up 50% giving you a 2 to 1...
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    raw stock options data

    Anybody know where to get raw downloadable data for ALL stock options either end of day or delayed. Just need: symbol, underlying price, call/put, strike, expire, bid, ask, last? What seems to be missing from http://www.stricknet.com/main/data.htm and others is the underlying price...
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    Options Courses

    A free and easy intro to options, including software can be found here: http://www.optionstar.com/intro/intro1.html
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    Help... with Option analysis software?

    Optionstar has delta totals for any custom spread position up to eight legs. It will also graph out delta versus strike prices for any option chain. You can download a free demo version here: http://www.optionstar.com/osdemo.exe For more information go to: http://www.optionstar.com
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    Options Software

    Check out Optionstar: http://www.optionstar.com It has PL charting, free datafeeds, and intense analysis.
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    1 min emini indicators

    Let me clarify, when I say 1 pt.. i mean 4 quarter pt ticks. For example: Buy emini at 900 Sell emini at 899 stop Sell emini at 902 limit My experiences are that it is not as hard as you think. Noise is noise. I can only think of one time in the past month that I didn't have...
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    1 min emini indicators

    I would like to start a discussion about useful indicators/patterns for trading the 1 min emini charts risking 1pt to profit 2pts. Some ones I have found include: 20 ema, macd histogram, relative strength, stoachstics, and 30 min break outs. esu2
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    Options Software

    You might want to give Optionstar a try. http://www.optionstar.com It has several free delayed datafeeds and realtime for 10 bucks a month. There is some historical options data in the Spread Scanner module.
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