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  1. stoic

    Iron Condors ? how many should we have

    With the Buy 930 CALLs, and Sell 920 CALLs. Your selling Iron Comdors. Short vs. Long.
  2. stoic

    Iron Condors ? how many should we have

    This does not look like an Iron Condor to me. Looks more like an Long Put Condor. Long Put Condors will result in a debit, (unless legged). Why is the 930 put less than the 920 put.
  3. stoic

    Newbie Question about covered calls.

    Not the End of Story. The concept of Rolling Up and Out is a simple one.
  4. stoic

    Newbie Question about covered calls.

    Those that say "Covered calls limit your upside", ... don't know what their talking about.
  5. stoic

    if you're writing covered calls, do you always do a far away expiry?

    Yes as time goes by the option decline. The Jan. 60s for 2012 are more because they have more time, thus more time value. Unwind the position. Buy to close the option and sell the underlying. Free Shareware calculator??? No. The program will do the calculations for over 40...
  6. stoic

    if you're writing covered calls, do you always do a far away expiry?

    If you want to exit the position early, you would have to Buy to Close the 60s, a gain or loss will depend on what the cost to close is vs the sell to open. You can always unwind the position. The attached shows the results from a Buy-Write calculator I use based on prices today. I ran the...
  7. stoic

    Reg T Calculation for Complex Portfolio

    I've confirmed that they are coming out with a new version and will release the beta version soon. the email is support @primetradersware.com
  8. stoic

    Reg T Calculation for Complex Portfolio

    Prime Options Calculator I think their just about to release V 3.5 and are looking fo Beta testers.
  9. stoic

    Reg T Calculation for Complex Portfolio

    Current Market price.
  10. stoic

    Reg T Calculation for Complex Portfolio

    1) As to your first question, I don't know of a Webpage to upload a series of positions to make the calculations, I do know a software that I use that will make the calculation on each. But that's only a small part of the application and it's not free. 2) I would know how to build it in...
  11. stoic

    study: selling puts outperforms covered calls.

    Cash secured put are allowed in IRA accounts at SCHW
  12. stoic

    study: selling puts outperforms covered calls.

    So the selling of puts in the study out performs the writing coverd calls. Well it had better!! The question is NOT, what out performs what. A successful trader of futures had better out perform the successful trader of equities. The day trader in stocks should out perform the...
  13. stoic

    do you guys agree on this trade?

    I put most of my emphasis on the underlying, but I do keep in mind what the overall market sentiment is and the current OverBot or OverSold short term condition.
  14. stoic

    any comments about call butterfly/condor v put version

    Yes, I would have to agree. The Greeks are very accurate in predicting the past.
  15. stoic

    any comments about call butterfly/condor v put version

    For me the bottom line is what do I expect the underlying to do. Then look at the stretegies that fits the expectation. Then which one offers the best risk v. reward. Forget the Greeks!!
  16. stoic

    any comments about call butterfly/condor v put version

    There are: Long Call Butterfly Long Call Condor Short Call Butterfly Short Call Condor Long Put Butterfly Long Put Condor Short Put Butterfly Short Put Butterfly And the LONG and short Butterfly & Condor. Each have their place. Provide an example underlying and I can run it...
  17. stoic

    Day Trading Options

    Yes. But since they are not marginable they have to be paid if full unlike the 25% on Equities. (Don't worry about the Greeks)
  18. stoic

    Buying Power

    Buying power is based on SMA or Maintenance Excess. Buying Power is derived by the lesser of: Buying power derived from SMA. Buying power derived from Maintenance Excess. Minimum Equity. The current account buying power based on which component SMA or Maintenance Excess returns the...
  19. stoic

    Bull Call spread - basic question

    The most common exit of the Bull Call spread is to sell the spread. I cannot say what Think or Swim policy is on option exercise, but I do know of some online brokers that charge the full service commission rate on buys and sells done via option exercise and assignment, so allowing the options...
  20. stoic

    Bull Call spread - basic question

    You can sell the spread at any time. How ever, the profit would not be the same as if the underlying was above the high strike in the last week of the life of the spread. Example: You paid 2.25 for the spread, after one week and the stock advances to 357 the spread may only be at 2.75...
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