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Got it.

Did not get burned. And 'freaky friday' looked to me like nothing more than the big guys exiting their positions 30 minutes prior to mkt close last Friday so that they did not take home any risk. That last 30 minutes was the 'tell' that indicated a pretty good chance that the selling would not...

Murray, I'll check into ThinkPipes, but you may save me a little time. Is this a retail trader avenue?

Why is IB the exception?

Thx for sharing and nice to know. I used RUT for Flys and accelerated Theta worked OK, but current RUT hyper-volatility is a challenge in this 'sub-prime' credit problem environment. I've tried Calendars on individual stocks, but earnings and other issues that influence specific stocks...

NDX failed to trigger my Stops on Aug IC Short Puts. So I exited my Aug Call side verticals @ .20 and entered new Aug Call side verticals @ 1 StDev for credits ranging from $1.70 to $1.90. On both the exit and re-entry, orders were entered simultaneously @ IB & ToS. IB filled quicker...

Don't know for sure why IB gives better fills, but wonder if their platforms 'Smart' order matching routine includes internal IB customer orders in addition to market makers. What I do know is that when I am occasionally forced to place market orders to get out of a situation quickly, at IB I...

Glad to see the new traffic on the forum. Murray... missed you. OC... Glad to see some new strategies discussed. You moderating skills are of 'stand out' quality on ET. I've spent a good bit of effort studying and trading Dan Sheridan's Condor, Fly & Calendar strategies. (I've look @...

As huh suggested: "My personal rule has been if there is a big event coming up on SET then I will typically look to close early" The above is one piece of the puzzle... Consideration should be given to what Economic data is scheduled to be released at 7:30 CST on the morning of SET...

Difficult to tell which kind of trade you are asking about... A Vertical A Calendar or A Diagonal ?

Price has gone up... it is now $7K. Suggest that you attend one of CBOE/OpVue Real World Trading seminars hosted by Dan when it comes to your area. This might give you a better idea of whether or not to do the mentoring thing. The seminar is a significant expansion of Dan's CBOE...

"Full Plate" means different things for different folks. I looked at the web site you referenced and it looks like they do 'run of the mill' credit option strategies on futures. Why would you trust this particular CTA over others where your capital is concerned? (not to mention confidence...

Maybe. Depends upon whether IB customers get a decent shot at the initial allocation, along with how much hype the event receives prior to IPO.

Take a scenerio (IN AN IRA ACCOUNT): You own 1000 XYZ Stock You are short 10 XYZ APR07 calls You enter an order to cover your short position and immediately upon confirmation you sell your 1000 XYZ Shares. Then CBOE THEN busts the 'cover' trade. What does your broker do since your...

The best reason to post here is to share good info! I was not aware of the flexibility for working with 'busted' trades. Thanks for sharing. Mech

TS, I have nothing either positive or negative to offer regarding your post. You have my best wishes with your trading (with or without a trading plan). As far as a trader being 'unlucky' with the timing of their executions, you seem to be content with the belief that it is simply 'bad...

OK. 9/11 may or may not have been a BSE regarding an SPX Bull Put spread. If there was any wiggle room on 10/17 to trade by exiting the short put while letting the long puts recover the short position losses, then it was (IMO) not a BSE. Here is my point: The antagonists against...

Options on the SPX Index are tradable entities.

My historical data shows the following prices for the SPX... On Sept 10th, 2001, the SPX closed @ 1092.54. When the market re-opened on Sept 17th, the SPX Open, High, Low, Close prices were: O = 1092.54 H = 1092.54 L = 1037.46 C = 1038.77 I don't remember the details of the Sept...

I Knew It!... I just Knew It! A very big 'Gomer' grin.