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  1. Steven Leeds

    Is there a demo account to learn how to write options?

    Yes. TD Ameritrade's ThinkorSwim platform. Here's a couple of links for you; https://tickertape.tdameritrade.com/tools/2012/05/play-money-real-experience-87420 https://www.thinkorswim.com/t/pm-registration.html Best
  2. Steven Leeds

    Is there a demo account to learn how to write options?

    Can't say that ToS is the "best" but I like the platform, it works for me. I tried others but found ToS gives me the tools I need, and reasonable commissions, to facilitate my /ES trading. Best
  3. Steven Leeds

    Can't sell my options

    When you say my "ITM" options do you mean thinly traded (i.e. no vol or oi yesterday or today) VanEck Vectors AMT-Free Intermediate Municipal Index ETF (Symbol: ITM) or some options hetertofore unidentified that are In-The-Money (also ITM)? Just wondering. o_O
  4. Steven Leeds

    Credit spread strategies

    No. A credit spread is a limited reward AND limited risk trade. Best
  5. Steven Leeds

    Tradable options on futures

    I suggest that you visit the CME's website and review the Daily Exchange Volume and Open Interest data that the exchange offers for free. The link is http://www.cmegroup.com/market-data/volume-open-interest/exchange-volume.html. You will note that the E-mini options all have a fair amount of...
  6. Steven Leeds

    How Liquid are SPY options, and options in general in comparison to securities?

    Yes, big institutions buy, sell and hold the majority of the SPY shares (all 1+ Billion of them.) . From NASDAQ (http://www.nasdaq.com/symbol/spy/institutional-holdings) come this information as of COB yesterday. As you can see JP Morgan Chase, Goldman Sachs, and UBS are the top 3 holders of SPY...
  7. Steven Leeds

    GAMBLING ON THE INEFFICIENCY OF THE OPTION FORMULA

    Well there you go. You're using the wrong model. You should be using a Binomial model. To wit: Options Pricing Models http://people.stern.nyu.edu/adamodar/pdfiles/valn2ed/ch5.pdf A Comparison of Option Pricing Models http://www.finecus.com/docs/option.pdf I am the very model of a modern...
  8. Steven Leeds

    How Liquid are SPY options, and options in general in comparison to securities?

    Yes, the SPX does have Extended Trading Hours (2:00AM-8:15AM CST). BUT, take a look at the folks who offer those hours to the retail trader, the platforms that you can trade ETH products on and the volume of the SPX between 2 and 6 for example. The ES is a far better bet in the wee hours of the...
  9. Steven Leeds

    How Liquid are SPY options, and options in general in comparison to securities?

    "Figures often beguile me particularly when I have the arranging of them myself; in which case the remark attributed to Disraeli would often apply with justice and force: There are three kinds of lies: lies, damned lies, and statistics." Mark Twain popularized the saying in Chapters from My...
  10. Steven Leeds

    Credit spread strategies

    Care to translate that into English? In any case if your spreads are going ITM with regularity then you need to reevaluate your credit spread strategy. Perhaps you're trading the strikes that are to close to the market. For example if you are trading 30-50 deltas (close to the money) then the...
  11. Steven Leeds

    Credit spread strategies

    Yes, that's all I trade. Do I have a "good" strategy? Well, I make a profit every month so I am pleased with my strategy thus far. What is my strategy? A combination of fundamental and technical analysis, sticking to my written trading plan/strategy which includes certain criteria including...
  12. Steven Leeds

    How Liquid are SPY options, and options in general in comparison to securities?

    Yes it's possible. Here's a screen shot from my ToS platform as of 10:00AM (EST) of the of the time and sales of the 10 largest transactions for the SPY symbol. Ranging in size from 1476 contracts to 5000 contracts. Your $100K should be an easy trade. Also, as others have pointed out, the...
  13. Steven Leeds

    Can trading options be considered investing?

    It’s important for every trader to understand that his* trading decision-making process can have an impact on your his overall volatility and performance. There are two main approaches to trading: investing and speculating. An easy way to differentiate between investing and speculating is to...
  14. Steven Leeds

    I have 38 emini sp500 Dec future(ESZ6) short positions, what will you suggest me to do?

    I'm think you should trade your position in accordance with your trading plan/strategy. What does it call for you to do? Or do you not have a written trading plan/strategy? I thought so....:sneaky:
  15. Steven Leeds

    excercising an option

    American vs European style options; https://en.wikipedia.org/wiki/Option_style http://www.investopedia.com/articles/optioninvestor/08/american-european-options.asp http://www.dummies.com/personal-finance/investing/stocks-trading/comparing-american-and-european-style-options/...
  16. Steven Leeds

    Option trader tax status

    Start by going to the IRS website and reading about securities trading. Specifically; Topic 429 - Traders in Securities (Information for Form 1040 Filers) https://www.irs.gov/taxtopics/tc429.html Publication 550 (2015), Investment Income and Expenses...
  17. Steven Leeds

    GLD

    Closed at 124.39 today. Did you get stopped out? Or were you short and made a profit?
  18. Steven Leeds

    SBUX for swing trading and long term

    I would predicts a lot of unhappy liberals. College professors, hollywood actors, government employees who are otherwise unemployable, illegal immigrants, the listy goes on.
  19. Steven Leeds

    Experienced stock trader, but new to options, looking for resources

    I should have also pointed out that there's also a number of magazines available on the newsstands (e.g. Barnes and Noble, Books A Million, etc.) that feature articles and columns about options and how to analyze/trade them. They include; Modern Trader (was, until 2015, Futures and still is on...
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