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For all the reasons previously stated.

Finally, SPX options will be going electronic in the first quarter. http://www.chicagobusiness.com/article/20101005/NEWS01/101009956/cboe-to-launch-second-exchange-later-this-month

I hope SPX trades on this new exchange sooner than later http://www.chicagobusiness.com/article/20100831/NEWS01/100839967/cboe-to-debut-all-electronic-exchange-this-fall

Not sure if you ever got this answered but with TOS you have to enter "/" before the future symbol otherwise you will get the equity. Example, if you enter ES you will get EnergySolutions Inc instead of the SP 500 e-mini. If you enter /ES you should be set. You will also need to apply for...

Cache Landing, thank you for all the information. I am currently on the credit spread kick and doing pretty well, with a small account, but I am trying to move into futures and will take all you have posted in to consideration. Thank you for your insights.

Jerkstore – You are 100% correct with being 10 points ITM, my mistake. I also now realize your point with OEX. For whatever reason I thought you were referring to exercising the option on expiration day and then you went into taking about its opening price I was confused but you were...

Jerkstore – I am not sure I completely agree with your comment but I could be thinking about it incorrectly. Closing price on OEX is determined at 3:02, check. Owners have until 3:20 to decide if they want to exercise, check. It is my understanding that with cash settled options, that the...

At TOS an ACH transfer is free.

One of the reason for their ridiculously wide spreads . . . I frequently trade them but that doesnt mean I like the market makers

I agree you should execute the strategy that works for you but the only point I would make is that if you trade spreads on a board based index why not be aware of the tax consequences and save yourself some money.

I didnt see this thread until now but I put on a 500/505 call spread and held it to expiration for a nice gain. Although it was a close call on Friday.

You can always trade options that qualify as 1256 contracts. These contracts have favorable tax treatment in that no matter how long you hold the position (1 second, 1 minute, 1 month etc.) 60% of your gains are taxed at the long term gains rate and 40% are taxed at the short term gains rate.

SPX stops trading at the end of the day Thursday with the SET price determined using the component prices of the S&P 500 Friday morning. This usually posts around noon on Friday.

http://www.bloomberg.com/news/2010-05-25/options-traders-ranks-swell-as-amateur-investors-embrace-iron-condors-.html Amazing how this article title states that "Amateur Investors Embrace `Iron Condors'" but it does not interview a single person that has made money on them and also quotes a...

Quote from the1: Exactly. When I first started trading I was trading a small account and did over 1000% my first year. It was more like gambling than trading. In fact, it was gambling. Now that I trade for a living my goal is to do 20% per year consistently and it's pretty damn hard. There's...

I am at 254% so far this year. But like the1 said I am at the point where my account is small and my money management isnt where it needs to be. I also know my strategy isn’t scalable so I have started looking elsewhere

I trade condors on SPX and OEX. I am guessing that it has to do with TD Ameritrade buying them.

http://www.cboe.com/micro/weeklys/introduction.aspx Click on Volume Reports at the top right. I believe it give give volume for most of the weeklys

Anyone else notice that TOS now requires you to have a balanced number of contracts for iron condors?! I talked to someone from the trade desk and he said their clearing house is now following FINRA margin requirements to the T. Basically, if you have 10 – 5 point call spreads (cash settled...

MTE I am trading live. I find it somewhat annoying when people talk about their trading without disclosing that they are paper trading. It is in my opinion that on a forum like this people should default their assumption that people are trading real money and only have to differentiate if...