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Thanks. It's a spread that expires in April (3d week). Bid/Ask is farily tight (can close near midpoint). It's in the money (a few strikes), and somewhat deep, enough that I can close for a gain of $1.5K or wait till expiration and earn the full $2K (Assuming there is not a dramatic market...

I entered into an April put vertical credit spread that is now deep in the money. the max profit on this is about $2000. If I sold now, I would lock up about $1600. Would ultimately like to enter into another credti spread, not so much in the money. Curious if you folk out there have a strategy...

Trader666, You can derive these probablities directly with a bit of math. I am however using a stochastic simulation (MC, like you) for some more complex strategies. Interested to know what you have discovered.

I am looking to open an account for use mostly in trading ETFs. This would be an account used mostly for medium term trades that would involve both short and long positions. Any advice on a good broker would be appreciated.