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I guess eoption at the top of the page would have been a whole lot less. What is it, $3 per trade plus 10C per contact, so does mean $3.10 per contact total. That would have made the condor commission 1035, right? Michael I thought there were some places that were much less than $1 per...

Falconview, just did a cndor trade in the SPY, did 350 contracts, and then afterwards noticed a $2000 in commissions. Holy smokes, dont want to do that with real money! What are the other choices for trades. Are there some brokers who would do that for a lot less? I know you could trade the...

Falconview, do you think you can consistently find a trade or two a day that can do this? If so, that is great. I dont know anything about doing that, will have to leave that to you. Michael

Falconview, what credit spread did you put on? Michael

falconview, great work, hope that can become a consistent thing for you. Michael

falconview, great to hear that you dodged another one! I know what living in the huricaine belt is like, and I was not a big fan of it! (other than the great weather and beautiful water). Michael Good luck with the electricity.

Which European style index options dont use the Friday open price as a basis for settlement price? How else is it done? Thanks Michael

TJ, or anyone, which of the european options on indeces do not follow the opening price on the Friday? thanks Michael My practice trade near the money at closing showed me that the NDX does! Michael

falconview, I really have no idea what a butterfly is, just barely learning what a credit spread is! Once you get it figured out, would love to know, thanks Michael

falconview, very early days cant say that yet, as there will have to be losses at one time, just trying to learn to limit them. I have two accounts going, the first one I showed were my trades, and this one is from the resommendations from the MCTO newsletter. This was the first month and...

Falconview, if you want to use 100,000 of real cash, it is a good idea to figure out what was done and what the profit is. It does take some time, but if you take each trade, figure out the credit to enter, and then follow to see if they were bought back or expired. If you do that you will see...

Falconview, here is the monthly statement, I stopped it here because I didn't want to confuse it with the Novembers I placed. Hope you can figure it out. Once I look now this month would be 4% You will see I added 100,00 Oct 1 Cash Balance DATE TIME TYPE REF # DESCRIPTION FEES...

falconview, I am saying that if you take in a $1 in credit, thenyou would roll or close when it would cost you $1.50 on the debit side. I put on a test trade that I hoped would go ITM yesterday to see what happens, and it did. Hasn't settled yet, so interested to see how that works. It was an...

When do the accounts settle today? Wow, really have to be careful about that 30 point jump at the opening today. Dont the settlement prices depend partly on the opening price today? Good think I bought back the NDX 2075/2100 yesterday, or those would hae cost money, right. Where do you go...

Falconview, what I will do is copy and paste the cash statement from the TOS account once things have settled. What time does the settlement actually happen today? You will be able to see the details then, but overall, using $250,000, profit for the month was $12,500 or 4.5% for the month. I...

Elitethink, can you tell me how on TOS, I would go back and test my strategy in 2008? Thanks Michael

Elitethink That is why I want to adjust very early if the market goes against me. I am looking at a roll at a debit of 150% of the initial credit. I did that twice this month on the NDX 2050/2075 spreads (rolled out eventually to 2100/2125) which didn't cost very much, good thing I did as the...

Elitethink, interested to read you are not a fan of adjustments on monthly spreads, why is that? How do you decide where to put your stop loss? Thanks Michael

falconview, I think you are corrct on the European vs american, but the thing that really got my attention was how the settlement price could be 30 points above where the last trade was on Thursday. That could take a worthless expiration (which we want) and turn it into a loss (which, duh, we...