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I dealt with this a while back. I ended up talking to the CBOE regulators. They told me that the strikes MUST be equidistant. They told me that they couldn't get the SEC and NYSE to agree to wider spreads. example: a 40/50 70/80 will not be recognized as an iron condor and will be...

Something like this? I didn't use a real stock, XYZ at $50. long 100 45/42.5 put spreads and long 64 shares of stock to make it neutral. I believe the CBOE Option Tool Box has a net position calculator.

"free insurance" ? I agree that a put backspread can be a good option here but you're not going to put on a 5 point 1 by 2 for a 5 point credit and if you buy more wings you'll pay for the whole thing. You can still lose money on the backspread if it doesn't move. But, I think Nazzdack...

Depends on how much of a hedge you want. You have to decide what sort of draw down you're willing to take. Are you going to hold until expiration? Buying 1 full size put vs. your 5 minis will not make you delta neutral unless you go deep ITM and then your spending alot of money for it and...

I don't know IB's house rules. I know their margin maintenance system used to be completely automated and would sell you out without any human involvement. Don't know how it is now. Also, i don't know how any of their expiration procedures. I'd speak to the trade desk not customer service.

from a margin stand point,: the Profitable Option rule will allow you to liquidate a stock position on the business day following expiration without incurring any violations but you have to remember that brokers are allowed to impose additional restrictions on top of those set by the regulatory...

It doesn't matter if the position is a winner or a loser, if you don't have enough excess equity to cover the requirement you may be forced to cover or they may cover for you. It's also possible that you had enough to cover the requirement of the position but did not meet their minimum equity...

Power of Attorney means the account still legally belongs to one person. You could open a joint account Tenets in Common. If you each put in 15K you would each have 50% ownership. It would stop one person from withdrawing more than his share but would NOT stop them from trading it. I can't...

Anyone have any experience with Simplex, Greenmoore, or any other of these prop/arcade firms that scalp options? I've had offers from a couple but I'm a little skeptical. Their pitch is that trading as a customer and getting priority in the book, they are able to lean on the size and take...

A friend of mine asked me to look at her computer because it was running slow and locking up. The proccesses list under ctrl/alt/delete only showed 6 apps running but there was only 60 Mb of available memory out of 512, and the proc was running steady at 80-81% I isntalled Spybot and checked...

Looked at Echo's site. Don't see Sterling listed anywhere but their Echo Trader II platform is just InstaQuote with a skin on it.

I know this doesn't do anyone much good now but my IT dept. told me yesterday that there was a T3 server junction in downtown Chi. that was having problems.

maybe copy the data into excel, change it, the export to your software? in excel you can reformat it number format > custom> yymmdd

how about this enter time and trade P/L on sheet 2

You may have a lot of apps running in the backgound. A lot of things like IMs, printer/ digital camera software, and media players are set to load when you start your computer. I use Spybot to turn them off in the System Startup section. You can also remove BHOs with spybot. I had all...

MTE, you're right. I forgot to include one part of the calculation. ((1/Delta)/stock price)*option price ((1/.97)/10.70)*3.4=.327585 or 32.7% ------------------------------------------------- As I and severals others have pointed out it is still a bs number. It doesn't account for...

something like this?

Something like this?

% to double is a bs figure invented by one of those news letterguys that has no relevance in that it does not take in to account any other factors that effect an options price. It's a useless number IMO but here it is (1/delta)/stock price (1/.97)/10.70=0.096348 or 9.63% target...

I looked at the same deal at Best Buy. I was told that it would take a minimum of 2 weeks to get up and running. Couldn't do the self install because Comcast had to run a line from their main box in the alley to the house. Called Comcast and and it was done the next day. $19.99 per month...