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Thank you both for your message. Just to put you in perspective, I use 20% of my capitals in that options strategy account and only use 1/3 of it maximum per trade.

After backtesting of 3 years, I felt confortable enough to do it this way.....:rolleyes:

Here is an update for the Sept option coming to an end very soon. So far, things looks real good ! AMZN Sept 17 880/875 for .28 X 40 contracts for a possible profit of 1120$ RUT Sept 17 1230/1225 for 0.22 X 35 contracts for a possible profit of $770 SPX Sept 17 2260/2255 for 0.20 X 35...

When I say I have 90%+ chance, I use the %OTM in ThinkorSwim, is this reliable ? In my 3 years of backtesting, I was wrong twice on the RUT with that strategy so I thought it was accurate. Please correct me if I am wrong.

....might improve slippage....Whatdo you mean ? I guess my english is lacking here, sorry if it looks like a silly question !

90% or more is the number I get in ThinkorSwim, I like to stay on the safe side for now and this is what I consider relatively safe for me. It might change in the futur, will see. What about you, would you do those ones without spreading it ?

I only trade with the money I actually have in that account which is a small portion (10-20 %) of my total investment portfolio.

I used ThinkorSwim but it's un unavailable for Canada. The only platform at a decent price for options in Canada is Interactive Brockers. All others are so expensive that it grabs way to much of your profit. When I choose a stock, it is because I know this stock for a while because i'va been...

Super informative, I learned a lot in the text. Thank you so much for sharing your knowledge and experiences. Megane:)

More trades.... Yesterday I did the followings: RUT Sept 17 1230/1225 for 0.22 X 35 contracts for a possible profit of $770 SPX Sept 17 2260/2255 for 0.20 X 35 contracts for a possible profit of $700

Great info from you guys, really appreciated. I will take more time to answer you individually later this week. For now, a little update on my trades. I reversed (not sure this the right way to say it ?) my EDU trade yesterday and took my profit: $646.00 Yesterday I did another Bull Put...

Tradelux: let's put it this way, I have no intention to get exercice on that trade. So if needed, I will reverse the trade and take less lost or use some other strategies out.

Thank you Option_Attack for those numbers. Since I was 10,75% out of the money when I did the trade I should be ok for the - 9,41% in 57% of the time.....or maybe not. Time will tell be with that information on hands, I don't think I would has choose that strike:confused:. Can you tell me...

I was using Think or Swin for backtesting on options and was using the delta and % as part of my strategy to choose the right spread but now that I am using real money in IB (TOS is not available in Canada). In IB, I see Delta but what about the % I had in TOS, where can I find it ? If...

Here are my latest trades: Bull Put Spread RUT Aug 17 1305 1300 for a premium of 0.20$ X 51 contracts Expired Profit: $1020.00 Bull Put Spread AMZN Sept 17 880 875 for a premium of 0.28$ X 105 contracts Delta: 7% Possible profit: 2,940$ Possible lost if exercised:$49,560 Bull Put Spread...

Hi, my name is Magane:rolleyes: from Montreal Canada and I am the new girl around options strategies.... By the way, excuse my English since I am French speaking ! I have been studying options for a while and I've been backtesting 3 years of Bull Put Spread on index mostly RUT, SPX and some...