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Gap up is your risk. One I would not like to take on a stock such as TSLA. Once price has triggered where you buy the underlying, you have to manage your position careful in case it drops again. You can apply this strategy with weekly futures (ES/NQ). Write option Sunday evening after they...

I follow this group as well. They are obsessed with covering/hedging for black swan events, so I expect they should still be doing fine at the moment. There's a guy from this group who blogs now and then,which can be found here. No post after the resent drop yet. I do like their strategy, but...

Wow what a roller coaster. I won't (day)trade the market from a directional perspective for now. I cannot trade it: 15-20 point ES jumps in a matter of seconds? Madness! Wonder how you guys do it. Too aggressive for me. Got the wrong entry point in the morning (puts @3025 & @3040). When price...

Yep, that is exactly my problem. In my view the opposite should have happened. I opened a complaint with IB. I do have the feeling they are looking into it seriously. Fingers crossed for a good outcome.

That is correct. I'm very much aware of this risk. I therefore have no problem the position was liquidated. I decided to take on this risk, as I expected a bounce. It worked against me; my bad. My problem is the way the position was liquidated. By removing the long leg of a credit spread...

I'm curious what plays you did today. Great vol for some nice fly's :)

I see what you mean. I should have used different words I guess. I legged into zero-cost spreads, creating the risk free positions. There was some risk creating them. 2 Examples: 1. Calendar spreads: buy 20MAR calls at $6.00. Price goes up. Sell 6MAR calls against them also for $6.00. Do the...

Let this be a good lesson to always have a plan what to do when the trade goes against you, before you actually start the trade. If you don't know what to do in these situations, and you are not comfortable taking the loss outright, better not start trading it.

I lost a significant amount today, in my opinion, because of incorrect liquidation by IB :( I was trading an iron condor that would expire today. I collected $2500 in credit for a spread which was $10000 wide. Risk $7500 (at least I thought). My account had sufficient margin to cover this...

Well, it's always easy in hindsight. I shorted it (not outright, but setup a sizeable deep OTM put diagonal spread) when it was at $480. This was early January when price had doubled in slightly over 2 months, which I considered parabolic enough to make a first attempt. Two weeks later that...

New day, new ATH. Unbelievable.

Ok, understand now IB does these post expiration-liquidations 2 hrs before close. Normally I don't play options on expiration day, but made an exception as opportunity was so good. Will buy next week expiration options going forward.

I too was very frustrated with them last Friday. Instead of making a nice profit, I lost some following their auto-liquidation rules. I bought three 2025 AMZN put options (long, not short) expiring the same Friday. Initially price went a little bit against me, but later price fell all the way...

Very interesting.Thanks for sharing.

231P = 2-3-1 Put: he buys 2 puts of the lowest strike, sells 3 puts of the center strike and buys 1 put of the upper strike. See it as 2 credit spreads + 1 debit spread combined, with the same short leg. In this case, I expect, he bought 2x 3105 Put, sold 3x 3120 Put and bought 1x 3135 Put...