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There is still no improvement with optionsoracle. If anyone using it is able to get current prices for the indexes would greatly appreciate some assistance. Have made contact with the administrator but have'nt yet heard anything. Is there anything simmilar to optionsoracle that traders are using?

Trade index options on the US markets whilst in Melbourne. Find the most volume being moved is in the last couple of hours so trade for a couple of hours before heading off to my day job. Works well for me.

Yeah have tried doing that and usually works but this time it won't, loaded the latest version with new psotions but still doing the same thing. Have reported the fault so hopefully it gets sorted. Thanks for the reply

http://www.samoasky.com/ Anyone using Optionsoracle having some problems with prices? I can refresh quotes but my loaded positions remain the same and vols on some options come up as N/A. This has never happened before, have tried contacting them but have'nt had any reply as yet. Any...

Even if you plan to sit on your hands till expiration, still think you could benefit from knowing your Greeks, they might just save your butt when you find yourself in a precarious position.

My sentiments exactly. Mindset being the operative word.

LOL

what percentage of capital do you guys risk? If vol spikes, do you increase your position if your view on vol hasn't changed or do you take small losses by reducing your position...or sit still and wait for expiration I never use all my capital on ICs, it's more like 60% with a futher 20% on...

my sentiments exactly JG. Intuitive and can't be found in books in imo.

I don't believe you can successfully trade these type of strategies without understanding the greeks & vol. I prefer to predit vol than market direction and try not to put much weight on S/R. I know S/R & sdv are commonly taught as methods of strike selection, however putting too much emphasis...

What do you do to evaluate and keep an eye on the multiply IC's you put im the same month and same indice, for example SPX. I have a few IC's on SPX in the same month using TOS and can't fiqure when I need to adjust because the IC's are mixed together? I use http://www.samoasky.com/ to...

I like the way Dan goes about it. I'm not as rigid with my rules on managing of ICs, prefer to stay flexible and work of greek values when determing when to adjust. Also, depending on how many positions in play I may have positions overlapping positions which offset risk and therefore won't...

Take it from me theres more to it than just slapping on a strategy and expecting to get a nominated return upon what you think you know. We are all individuals and trade as such, what one trader can make using a strategy and margin another may not. I've been using portfolio margin over the...

JG, Sure the margin is a little less forgiving, but it was margin size on one position when strikes are that much wider than a standard IC, that I don't like. Overall, can see how it can come to the rescue if the move is big enough.

You do not have to buy them black swan wide. I think you will find that even 10 delta calls and puts can work well with this strategy. On top of that, I ALWAYS carry a few front month wings that are less than a 4 delta in the event of a major gap or black swan. I think you will find that you...

You deserve it Mark. I can imagine the time and effort you put in to your blog & replying to posts would go largely unrewarded, so enjoy fruits of your labour. Personally, I think it's bloody pathetic how people get jealous of other peoples success. Word of advice to the naysayers, stop...

I gave up being long vega a couple mths back when by DDs did F all for me, but now getting some long vega might be due.

I am obviously not a frequent contributor to ET & only occasionally pop in to read posts from time to time, hoping to pick up some valuable insights into how fellow traders see things and compare notes. I am very disappointed to see such a great forum turn into what it is today. I hope it...

Trying to model something that is uncertain will just end up a guestimation, that will always be the case. Consider using something like hoadleys tool in conjuction with excel to devise a multitude of possible scenarios. You could then imput the IV based on changes in price, still guessing...

This has worked for me in the past, especially when the underlying keeps moving away from my call spreads, the only problem I have with buying back the call spreads & then opening new ones at lower strikes is that you are left with a bunch of put spreads getting close to the money. Thus much...