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  1. Steven Leeds

    Tastytrade Review + Criticism

    How would you describe a "professional trader." For example is it someone who has passed FINRA's Series 4 Registered Options Principal Test? Or could it be any person who earns their living from a specified activity such as options trading? Or something else? I make a living trading options...
  2. Steven Leeds

    u.s. equity options time and sales feed

    The ThinkorSwim platform does that. The info is at the bottom of the Trade Tab. After the options chains and before the position statement screen. Shows the 10 largest trades as a separate entry and then the rest of the trades which can be sorted in a number of diffrent ways including exchange...
  3. Steven Leeds

    New to options: hope you can help me with my first trade

    Now's your chance. AAPL is trading at 121.00 this morning in pre-market activity. Seems as though it's financials didn't quite meet expectations when Mr. Cook spoke after the market closed yesterday. As an aside when do you think you'd be interested in buying (or selling) AAPL? Right now I'm...
  4. Steven Leeds

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

    That was good advice. Last Tuesday when you posted that AAPL was at $125.00. Tonight it's at $121.00. Shorting 100,000 shares at 125 would now be worth $400,000 +/- It seems as though APPL "disappointed" Wall Street today. It didn't affect my /ES spreads all that much though. They are all still...
  5. Steven Leeds

    GREECE and the Euro

    Excellent analysis and very good information. And pretty much in line with what the Wall Street Journal. Barron's, Financial Times, MarketWatch, CNBC and dozens of other financial publications and pundits have been saying. I.e. Greece will/will not go back to the Drachma and the Euro will/will...
  6. Steven Leeds

    Does anyone here have experience with Nadex

    The CFTC and SEC have received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories: refusal to credit customer accounts or reimburse funds to...
  7. Steven Leeds

    Suretrader Broker..

    SureTrader is an affiliate of Swiss America Securities, Ltd. located at: Bay Street, Suite 17, Nassau, Bahamas. That said it would be highly advisable to review your decision to establish an account at that firm with your accountant and/or attorney. Especially the former as tax reporting...
  8. Steven Leeds

    SPAN margin and defined risk trades

    You might want to read the CME's booklet on the subject. CME SPAN Standard Portfolio Analysis of Risk http://www.cmegroup.com/clearing/files/span-methodology.pdf -also- http://www.cmegroup.com/clearing/margins/spread-calc.html As an aside I am currently in 2 /ES E-mini S&P 500 iron condor...
  9. Steven Leeds

    Option writers: do you have a stop loss?

    That's the beauty of options. There are dozens of strategies that can be employed by a trader. Outright purchases or sales of Puts and Calls, strangles, straddles, spreads, etc. Likewise there are a many ways to enter those trades. E.g. using strikes that are ATM, ITM, OTM, same or different...
  10. Steven Leeds

    Do weekly options have a premarket?

    Some Weeklys don't have a pre or post market. Others do. For example most equity options (e.g. AAPL, MSFT, BA, SPY, EEM, etc.) do not have pre market or post market trading. Index Futures Options (e.g. ES, YM, NQ,) trade 23+ hours a day.
  11. Steven Leeds

    Option writers: do you have a stop loss?

    I did and found this; Expiration Related Liquidations https://ibkb.interactivebrokers.com/article/1767 Sorry I didn't pick up on the emoticon. All these new fangled digtal things still throw me for a loop. ;-) I still like the old ascii emoticons. Best Capt. Steve Airline Pilot DC-9...
  12. Steven Leeds

    Making A Killing In Index Futures

    Amen to that. Used to be that I enjoyed having folks stop by the cockpit and visiting for a minute or two before we turned on the seatbelt sign. Many brought their kids to to see the working end of the airplane. Now it's just the parents who want to complain about ticket prices, leg room, food...
  13. Steven Leeds

    Making A Killing In Index Futures

    Perhaps he's referring to the news last month (and the year before that, and the year before that) that several major banks pleaded guilty to "rigging" the currecncy (FX) markets. The Federal Reserve fined six banks, including Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., a...
  14. Steven Leeds

    Option writers: do you have a stop loss?

    Really? I trade with ToS and they never liquidate my credit spreads. Even if the short leg goes ITM. I am curious as to how IB (or you) defines "the first sign of trouble". Best
  15. Steven Leeds

    Option writers: do you have a stop loss?

    I tend to agree with you. I trade ES (weeklys) credit spreads (iron condors) (1 strike ($250)) apart both on the put side and the call side, 10 deltas or less (i.e. 90%, or greater probability of expiring OTM.) I used to set a stop loss order of 2x the premium received but discovered, in doing...
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