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TJ I have looked at it, but is there a indicator of monthly volatility? I would love it if you would share where you find the usefull information and what to check. Thanks Is it as crucial for a monthly trade? I would think if you were getting close to your target price to make an adjustment...

TJ Max, good to hear from you. I assumed that falconview had told you that he decided to move here. We were hoping that it wasn't that you took a big hit and were keeping to yourself! No hurry at all, just another thing I am looking at, and wondered what you thought of their recommendations...

If you really wonder, give me her name and I will see what I can find. Michael

Vancouver Canada, and funnily enough I am a dentist!

falconview 1875/1750, I dont think that is correct is it?

the margin for the NDX is $25000 per 10 contracts which is the 25 point spread, X10 contraacts X 100 options per contract.

falconview, part of my strategy is to close a spread when the profit reaches 80% of the maximum credit. So for me, when the profit shows $1000, I will close it. You loose out on the extra $2000, but any added risk is not worth it, unless you are very close to expiration. If this was real money...

Dr Gonzo, is xtrenders a pay site? Or is this a blog where you are following his suggestions. thanks Michael

Falconview, when you said they made money, are you talking about the p/l shown on the page? I think you have to look at ho wmuch it would cost to close the position before you can get a true picture. I have one position open, and yesterday is showed a profit of $400. But it would have cost me...

falconview, when you say the put spread made $2.20 does that mean that it would have cost $2.20 less to close it out compared to the credit you intially got? Thanks Michael

falconview, I was hoping there was a higher tech faster way to do that. I practiced with my first adjustment yesterday. I had the 1750/1725 put spread, and I wanted to try changing to the 1725/1700. Did that, cost to me for 20 contracts was $1100. So if you have to do that a few times to...

Is there somewhere I can get the statistics for the NDX, the historical % weekly and monthly changes in the market? thanks Michael

falconview, the letters represent the exchange that the bid/ask prices are coming from

falconview, I dont look at the monthlies that way. I look at them as time decay also, but sometimes you will be able to take advantage of a significant market move like this month. Still primarily looking for them to expire worthless. Did you try the desktop version yet? It has both live...

falconview, that is what I thought. Do you wait for a down move to place the put sread. That would give you more premium right? also, you should try downloading the desktop version, much better it seems to me.

Falconview, is an iron condor the same number or strikes away in vote the put and call spreads? I think you could the profit from the winning side (if younwant to call it that) but why would younwant to cola the other side early? Why would you nor just wait and keep the premium? Why would you...

falconview, now you got it, I guess I was not explaining clearly. I totally realize I got lucky with the run, but even without it would have done well. If I had been using real cash I would have been even further OTM than I was, just used those positions to learn the trading platform. I would...

Didn't know to change the font for my answers to stand out, hope you can see them in there. Dont know about the delta question, but will try and watch it. Why dont you look at trading monthlies, and then we can compare tactics? Take care, Michael

never entered mine either, that was not the original plan. I will have to figure out how to track exactly how they behaved. Hopefully someone else can enlighten us on some of the finer points. Where is TJ anyway? Thanks Michael

Falconview, SORRY I see you already answered that, just saw it. after closing everything yesteday, I put on 30 contracts put spread NDX 1650/1625 (far OTM) Was going to hold them until expiration, but sold this morning for $1100 profit. $9000 for the month so far. I am not going to go live...