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Could be wrong, but sometimes a way in-the-money option can have a wide bid/ask or last price that throws off the model on TOS. Happens more with futures options than in equity options I think. i.e. the bid/ask/mid or last price on the 106 or 107 calls could throw the p/l white line curve...

Hate to add to the confusion but, if I'm not mistaken thinkorswim does not model VIX options correctly....the theoretical pricing of all VIX option maturities is based off front month VIX on thinkorswim, whereas in reality each maturity should be priced off the corresponding month. i.e. June...

Funny, I need an FX backup in case IB goes down and always liked Oanda...

https://twitter.com/OANDA OANDA ‏@OANDA 45s @LadiaAditya We are unfortunately experiencing issues with our network service provider. We are working with them to get things resolve ASAP

Think he means he wrote it in the book the OP is referring to.

school, as in, college.

First week, nothing realized except some small FX losses. Eur/usd was pretty silent. The graphic might be weird unless you use IB, it basically says I have $561 unrealized profit ($45,422 starting balance, +$1500 MTM (futures), - $847 Forex, -$92 commissions) = $45,983. As for optionsXpress...

On bigmike's forum there's a lengthy thread explaining this, look for the 'PC-Span' thread.

I think you should trade simulated so you can see some adverse market situations. Go live after you've seen enough "oh shit, that wouldn't have worked" moments...and even then, you don't really know everything. Just my opinion. Don't sacrifice your real account while you're learning. "I...

It will be profitable at expiration if the stock stayed flat or kept going higher from the time you bought the underlying, yes. But, more than likely its going to test your entry price, maybe it will make a full u-turn and dive lower so you'll have to take off the underlying position totally...

Unless there's been a lot of decay in the option price (time decay or decrease in volatility), more than likely the option you sold will have an unrealized loss at the time you put on the hedge in the underlying. You'll have to 'dynamically' manage your position in the underlying...

Everyone buying insurance. But to them it could just be a 'cost' of holding long stocks/indices, and not a 'losing trade'.

In the latest interview she said they handle each side (puts and calls) separately, which would explain how they made $50 mill last year in a pretty much straight up market. They stayed on the bull put side, and stayed small or nonexistent on bear calls (I'm speculating). If she and her team...

Ha, no otherwise they would have allocated to Karen the supertrader and called it a day...or maybe they already did...

Haven't seen any threads on them lately, they were probably asked to be a vendor or gtfo. Curious if anyone here is with them and what your opinion is on them and the 'public' track record model. Also, there forum link is down, so I wonder where/how they communicate. Unless it's just not...

Price action, t/a, long/short volatility. Mainly this will be a p/l journal. I'll be at two diff brokers, optionsxpress and IB. I'll try to get a screenshot of account values everyday at a set time, as marks get weird in the evening when the b/a spread widens. Strategy wise, generally I want...

She said 2011 was a good year for her, and VIX did get in the 40's. So, honestly this makes me think all the short vola guys are being setup for.....jump risk. :eek: No, seriously, the guys that made a killing with iron condors in the mid 2000's probably didn't see VIX getting into the 80's...

+1, also, is there going to be another round of backing? :D Their forum link is down, I'm wondering where do they communicate? Outside of the blog posts, I can't find any recent stuff on google.

Watched her tastytrade interview after reading about her elsewhere...it's kind of scary really, she's like optioncoach on steroids. If you don't know, optioncoach is a guy who had a lengthy thread on elitetrader about iron condors from like 2004 to 2007. It had a, "if he can do it, I can too"...

For whatever reason I got cold feet and did not want to hold through NFP, so I closed out yesterday morning right after Draghi's press conference. It'll be unfortunate if price ends somewhere between 1.364-1.37, because my returns would be 2-3x in a few hours :( Oh well. There isn't a good...