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After an auto update to TWS version Build 978.2k, Jan 6, 2021 12:06:56 PM, this morning, I can no longer get access to the IB website using Statement View or Account Management Home link in TWS. I tried to setting the Browser path in General Configuration setting tab but that didn't work. I had...

The option you chose depends on your outlook on the stock. If you think the stock will move up quickly, then buy the call option. If you think the stock will meandering and move up slowly, then sell the put option. Call options need the stock to move up quick (faster than the time decay) to...

Yes, I have the same problem. The work around for me is to change the time frame to something else before going back. This seems to solve the problem for awhile.

The minimum option price is $1.00. It can be any value, including zero

No, not really. Linda Raschke once said: "Give a man a watch and he'll know the time. Give him 3 watches, he may not know the time since each watch may show a different time". For me, I find that when I trade a single time frame, I am able to make decisive decisions. With multiple time frames, I...

In the TOS scanner add the following option filter: 1) "Days to exp" for the range you want like 0 to 5 days 2) ImplVol min of 30 3) Last min of $1.00 Then hit scan, you will get a ton of stock options to trade. Note the above are just suggestions To scan for options spread, use the spread...

Nothing like the desktop version or even the mobile app. Chart display is very limited. I say stay with the desktop and mobile app.

Here is how I got it to work on an Android phone: 1) Go to Monitor 2) Click on the search icon 3) On the search bar; enter CL and press the search icon on your virtual keyboard The key is to use the search icon on your virtual keyboard. If you don't hit that key, you will get search results for...

Liquid month for GC is June

Depending on the broker. Some brokers charges you 2x commission (open & close) when you initiate a short options position on a futures contract. They want their commission just in case you let the option expire. If you brought back the short option, no additional commission is charged.

I recommend Ooma. It works great. If you don't want any extra features, all you pay is the approx $5 in taxes per month. It does require a one time purchase of their VOIP box. You can do voice/fax calls. Sound quality is great, if you have upload speed of 1mb/sec or better.

You can consider buying a NUC (tiny PC) and use that as your trading system. The NUC can be very powerful systems. They are like a tiny desktop PC. You need to attach a keyboard/mouse and monitor to them. I recommend using a virtual KVM such as Input Director (Windows only). Input Director is a...

Always use technical stops

I tried day trading options on index futures, but my returns were less than outright futures trades.

Yes, I use options. If I am buying options, I would select ATM, about 30 days out. If I am selling options, I would select OTM delta of 20 or less, 60+ days out.

I trade multiple time frames. I use a longer time frame for signal and use a shorter time frame for entry and exit. The shorter time frame allows me to exit quicker. I expect my trading signals to develop quickly. If they don't I exit quickly. I miss out on slow developing trades, but that's OK...

Pick a time frame you are comfortable. Don't use sub-minute charts because of the data lag. Use whatever type of charts/indicators you feel comfortable. Next look at the charts of the contracts you wish to trade over past few months. Look for patterns you think you can exploit. Look at the past...

You own 100 shares of GE. Sell the 100 shares of GE for a loss of $10. Next, buy 1 Sept 22 call 24.5 strike for $0.04. The call purchase will trigger the wash rule, so the cost basis for the call is $10.04. Next day buy back 100 shares of GE. Following day, sell the Sept 22 call for $0.02 giving...

The answer to this question is YES. Your 1099-B will flag this transaction as a wash sale.

If you really want to take the losses this year, you can do it with call options. What you do is sell the stocks for a loss and buy a cheap short term call option. Next day, buy back the stocks you sold. On the following day sell the call option for a loss. This loss can be deducted because the...