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  1. Steven Leeds

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

    Glad to help, in a previous thread I said..... In order to better understand options, options pricing, and buy/sell decision making, most of us have read at least some of the better literature available to us to, Here's what I have in my library; -Option Pricing & Volatility (2nd...
  2. Steven Leeds

    Anyone have a favorite options strategy trade through earnings?

    Credit Spreads using SPY. Deep OTM spreads, Bid/Ask spread <.02, Delta <.10, >1.5 SD, >.25 per spread, risk <500. Considering that "earnings" happen almost on a daily basis throughout the trading year I have found it profitable/practical to not focus on one symbol but instead focus on the...
  3. Steven Leeds

    How do you know what strike price to buy?

    In order to better understand options, options pricing, and buy/sell decision making, most of us have read at least some of the better literature available to us to, Here's what I have in my library; -Option Pricing & Volatility (2nd Edition)..Sheldon Natenberg -Options as a Strategic...
  4. Steven Leeds

    Trading Options as a business

    Nonsense.
  5. Steven Leeds

    Trading Options as a business

    Amen to that! I remember that about 40 years ago a high school teacher telling me that I did not have the skills or aptitude to be professional pilot. More recently someone said to me that no one can make money trading options (or futures, stocks, ETFs, etc.) Having recently retired after 35...
  6. Steven Leeds

    Best site for viewing option chains

    Doesn't appear to be any options on futures data (e.g. ES, NQ, YM, etc.) and since I only trade the ES (E-mini S&P 500) options I rarely go to the NASDAQ site. Clunky site in any case but thanks for pointing that out. Best
  7. Steven Leeds

    Did they change option expiration dates?

    Haha, that's funny. Had you simply Googled the words [options expiration dates times] you would have come up with 46.3 million results the top 10,000 or so explaining all the different options expiration dates and time. That would include monthlys, weeklys, end-of-month, equities, futures...
  8. Steven Leeds

    Best site for viewing option chains

    Yeah but, a $100.00 a month real-time service or $110.00 a month for "premium" service. And still no greeks.
  9. Steven Leeds

    Best site for viewing option chains

    No greeks, or mark price, or theo value though on the NASDAQ site.
  10. Steven Leeds

    Best site for viewing option chains

    My trading platform, ThinkorSwim, offers all that you are seeking and more. Weekends, evenings, all day every day, 24/7. Here's a screen shot the Sep 15 Weeklys for the S&P E-mini options (/ES Calls) that I took this morning. Notice I have some of the greeks (Delta and Theta) set up as well as...
  11. Steven Leeds

    The "Poor Man's" Trading Blog. $5000 or less allowed.

    One option (no pun intended) is to open an account to trade options on futures. Specifically the E-mini S&P 500 options (symbol ES). Trading the YM and NG is also possible although they're not as liquid as the ES. The ES is very liquid, has Weeklys as well as monthlys, has lower margin...
  12. Steven Leeds

    ES, SPX and SPY weekly option relative intraday liquity ?

    Yes, that's true. They also stop trading from 3:15pm until 2:00am the next morning and, as someone else pointed out, not all brokers offer extended hours trading on equity products. ThinkoSwim/TDA does not. Not sure about the rest. My concern would be the liquidity of trading the SPX and VIX...
  13. Steven Leeds

    ES, SPX and SPY weekly option relative intraday liquity ?

    Your trading platform should contain daily volume and open interest for those symbols. For example the ThinkorSwim platform, which I use, shows the following; COB 9/8/15 ES vol 244,000 SPX vol 1,040,000 SPY vol 2,384,000 The ToS platform also shows Vol and OI for all three symbols (all...
  14. Steven Leeds

    China Just Killed the World's Biggest Stock-Index Futures Market

    I think you meant to say "in their eyes". Best
  15. Steven Leeds

    Good Books for Systematically Trading Options

    By "good" (i.e. you find to be satisfactory in quality and quantity) I assume that your looking for a book(s) that provide a system having, showing, or involving a method or plan for successfully trading options. No such book(s) exist. “Those who know don't tell and those who tell don't...
  16. Steven Leeds

    Noob question about wide bid/ask spread

    If you buy 10 calls you will pay for the premium up front plus trading costs (commissions.) If you turn around and sell 10 calls moments later then you collect the premium less your trading costs. You will, as they say, be "flat", i.e. you will have closed out your position. You will have...
  17. Steven Leeds

    Option chain tells you everything?

    Those that know do, those that don't, tell. Tell your friend that you want to see his brokerage statements for the past 12 months. Not that I am suggesting that you should not trust his admonitions but I am always firm believer in the Trust But Verify theory of life. Hell if you can make a...
  18. Steven Leeds

    Option chain tells you everything?

    Amen to that! I'd be inclined to ask my "friend" for a copy of his 12 most recent brokerage statements to verify that his representations are accurate. Trust, but verify.
  19. Steven Leeds

    Tastytrade Review + Criticism

    Pan Am finally folded up her tent in 1991. Does that mean you've been trading options for the past 24 years? The airline I retired from (Delta) bought the last of the Pan Am assets (Atlantic Division, Pan Am Shuttle, and New York City Worldport) later in '91. More recently Delta (DAL)...
  20. Steven Leeds

    Earnings - NFLX, GOOGL, AAPL, MSFT, CMG, AMZN, FB

    Agreed, although I have never had much success in timing* stocks and options. Which is why I only trade credit spreads. My AAPL AUG 15 (30 days to Exp.) iron condor that I sold a few days ago is doing OK. I sold 10 110/105 Put spreads and 10 130/135 Call spreads last week (in advance of the...
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