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I've never tried Live Support for my orders. Hmmm, what do I say? First, I don't call unless my order is at least a little below the midpoint (ToS calls it the 'mark'). I think if you call when you're order is above the midpoint, then they might only call down to get an idea of where you...

SPX trades are executed by people in the pit and not electronically. I spoke with one of the ToS trading desk guys and he told me that what happens is that there are a lot of orders out there and, people being people, orders can go to the bottom of the pile and can be forgotten. My second...

I tell you, the difference between OX and ToS with regards to getting these fills is night and day. Because ToS gave me the same commission rate as OX, I'm making money (because of the better fills). The guys at the trade desk routinely tell me to call for help, so I don't think you need to...

Coach: Refresh my memory. The XSP is the CBOE's version of the SPY. If so, why do you prefer a proprietary product (XSP) to a more competitive product (SPY). Or am I all mixed up on this? Thanks.

Coach: What about initiating the spread positions a little differently. Place the long position first, wait to see how the market moves and then let it ride if it goes your way or adjust to a credit spread. I guess if the market moves against you, you could adjust to a credit spread at a...

I posted earlier that I got out on Monday of this week. I too have been looking to try to get some more premium, but nothing meets my criteria. So, I think I'm just going to start looking at December. We both should have gotten out last week, when the market was down. I think I learned...

The reason I thought that this could potentially happen is something that happened to me when I first started trading ICs. I had placed a trade as an iron condor and not as two separate credit spreads. After I placed the trade, the market moved strongly in one direction. When I got...

Phil: As a followup: I always place limit orders, but if one were to place a market order on the trade in question, it would be possible that it could turn into a debit paid for the trade, wouldn't it.

Got the following trade filled today: DEC SPX 1120/1135 bull put spread at $0.70 Got ToS to 'goose' the trade. I was right up against the mid (about $0.025 below) and they came through again for me. I love these guys!:)

Agree with Ryan. Nice trade on just buying the call. Good strategy in a market moving up. You can make money on just the long call or adjust and sell something against it for a credit whenever the time seems right. ToS shows a weekly 1235 Call with a b/a of 1.20/1.70. It shows the...

I placed an order today as follows: 1285/1300 DEC SPX bear call at $0.70 but it wasn't filled. I wasn't able to call ToS to 'prime the pump'. I'll probably try again soon, depending upon what happens with the market.

I haven't been able to follow the market the last two days. But I was looking at some December call spreads: 1275/1285 Nov bear call at maybe $0.75 to $0.80. With another up day tomorrow, I might put some money into this or a higher spread.

Andy: The same thoughts have crossed my mind. I would like to pose two counter points: 1) The less obnoxious professional traders that have posted here I think may have realized that credit spreads, if properly managed (which is what Coach strongly advocates), are not as bad as they...

Ryan: I got out on Monday, as I started to get nervous that we were gonna head up. I only got out and did not actually roll the spread. I'll now be looking to get back in, I hope to get some of the premium back. Good Luck!

Coach: I'm considering the following strategy for December: 1) I currently have only bull put spreads for November (unloaded my only bear call today as it looks like the market may start going significantly higher). 2) I'll start putting on Dec bear call spreads only that are way OTM...

Why don't the brokers allow different expiration periods for vertical spreads that comprise an iron condor (I'm referring to margin requirements)? Example: 1130/1140 Nov SPX 1270/1280 Dec SPX At the front month expiration, both positions still can't be ITM simultaneously, so why not...

In anticipation of December action (45 days to expiration), I called today to get the following strikes added 1285 1290 1295 Should be added tomorrow.

Yes, this is what I'm referring to. A while back, we started a discussion on using butterflies to place the adjustment trade for a credit spread that is in trouble, and I included your initial response to that previous thread in my original post on this thread. The new wrinkle here is to use...

Coach: I was just reading through some of the ToS chat sessions (July 20, 2005) and in one of them Tom Preston gives an example of adjusting the call side (where the short strike is close to or already breached) of an IC using a butterfly and then rolling the put side up (to get more credit)...

Here's a mistake that I'm sad to say I've made more than once. Yesterday, I placed the following: 10 SPX Nov 1085/1100 at $0.60 10 SPX Nov 1100/1115 at $0.50 So today I'm thinking I'll close the 1085/1100 for about $0.10 and make $500 in one day (before commissions). Wrong...