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Seemed like the same old IB story:D

Look at the slippage ...:(

BZH $2.5 Call seemed like a good long shot..it is cheap, just treat is as a lottery ticket :)

Mark, Thanks for the insight response. A quick question - strangle cost money (premium, commison and slippage) especially when the volatility is so high at the moment - doesn't it make sense instead of getting the insurance, it is better to reduce the expose such as reducing the...

u21c3f6 - Thanks , this is precisely the type of answer i hope i can get from here. The interesting part is that so far you are the only one that replymy post although quite a lot of people view this thread.. may be it is far more easy to answer the question related to with all kind of...

We all know that you need an edge in order to obtain alpha in your trading, or else eventually you will loss in long term due to the commision and slippage. Money management is important as it can prevent any disaster but you still need edge to gain a positive expectancy in long run In...

how about if the stock tanked to zero ? :confused:

I trade QQQQ quite a lot when it was around $50, and one thing for sure, I never get exercise for my short options (even sometime it was nearly $5 in the money) even I hold it until the last day of the expiration month :D

What you do for the rest of your 90% cash ? sitting in your broker account ? :p

This means you can only get blow up if you loss 10 times in row ? You seemed really conservative :D

So your return is 0% (after commision) ?:eek:

I don't like to time market as I know I always get punished if I try to outsmart Mr. Market by guessing the market direction. If you think you can time the market and leg-in properly, then you not even need to trade iron condor, a simple long call/put or even stock will do. :p

Mark, Thanks a lot for sharing your experience and I am really appreciate that your inputs. When you mentioned you have been profitable over the years, what kind of return you have in average (I understand you may make more and less in particular year) but in average, are you making...

I won't feel surprise if someone ask the same question before, the point here is do we really have an "edge" in options trading ? If alpha really exist, why not institutional traders just exploit it and make ton of $$$$ :D

Time to time, if i am bullish or bearish in certain position and confident that they will make a big move in a short term, i always use this kind of DIM near month options, which contain almost zero extrinsic values and has about the same delta as stock, which give you the almost the same move...

As a retail traders, you always get into disadvantages position in commision, slippage (even worse when you hit your stop loss and you have to close your position in market price), which means retail trader by default will have a negative expectancy system. In theory, you will have a neutral...

As a retail trader, there is a question that always comes back and hunt me from time to time.. May be this is an easy question to all the elite trader here ? We all know that market makers have inherit advantages over retail traders - bid/ask slippage, order flow info, arbitage .. Is...