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Not sure what "lots" means (25%, 50% o5 75$) nor how you are defining a "small account" (e.g. 2,000, 10,000, more) My account is pretty decent (high enough to not have to worry about FINRA's Pattern Day Trading rules) and am a proponent of defined risk trades.

Thanks. It's my policy/practice to open and close vertical spreads as a spread and not leg into or out of a spread position. I used to close out the short side of a profitable spread and leave the long side open "just in case" there was a black swan event which would make the long more valuable...

Been doing it for a number of years. No assignment because the /ES options are European style (except for the options that expire this coming Friday) meaning they can only be exercised on expiration day. In any case I always take action on any position that's being challenged (well before the...

No, no assignments.

I prefer credit spreads because thy offer Limited (i.e. defined) risk. Yes, Tom Sosnoff and Tom Preston and the rest of the tastytrade gang seem to like undefined risk trades. That is short strangles and straddles. But they do spend a fair amount during their daily show going over their recent...

Yes, trade often trade small. The Sosnoff/tastyworks mantra. Although that was my style before tastyworks/tastytrade came into vouge. As to positions I normally carry current week and 5 puts and calls next week. I generally don't trade beyond the current and next week. My Monday weeklys expire...

No, I stick to vertical spreads. I have looked into trading the others but I like simplicity. Straight verticals work best for me, Best

"Point your browser to http://google.com and type in the search bar "options, puts. calls." You'll come up with 104,000,000 hits. Start there. Also visit the options exchanges e.g. the CBOE, CME, etc. They have a wonderful array of training/education materials.

Generally I limit my positions to 2% or less of my portfolio. That gets me about 10 contacts of the /ES, 5 on the Put and 5 on Call side. I look for 16 Delta (or less) for the short side option and 10 wide for the strikes. Rather than more contracts for a given spready I tend to widen the legs...

Hopefully it wasn't a mouthful of Old Rip Van Winkle ‘Pappy Van Winkle’s Family Reserve’ 23. Best

Yes. I trade the /ES Weeklys (and EOM) profitably (with the occasional (but contained) loss of course.) Sometimes I sell the Monday Weeklys, sometimes the Wednesday Weeklys, sometimes the Weeklys that expire on Friday. Sometimes I trade a Weekly product that expires in 2 or 3 days sometimes a...

If I recall correctly the SPX options (and VIX) start at 3:00 a.m. (ET) and go to 9:15 a.m (ET) then regular core trading hours from 9:30 a.m. 4:00 p.m. (when "normal" markets are open). So, as you said, about 13 hours a day. If you're trading at midnight you must be MST or PST.

Not sure what you're talking about i.e. 12am. There are no "extended hours" for futures options. The E-mini S&P 500 options trade on CME's Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) (the next day) with trading halt at 4:15 p.m. - 4:30 p.m and a maintenance break from 5:00...

The SPX options have a large notional value. 100x the Index. Today the SPX is trading at 3643 (+/-) so the notional value is, roughly, $364,000.00. The SPY is one tenth the size of the SP is trading at 364 with a notional value of $36,400.00. One is an index, one is an ETF. Both contracts trade...