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Successful trading may be a long and arduous road. You may go down this road and find that it works four out of five times. But the one that doesn't work wipes out the others. And you may find that there is no edge to this strategy. And you may get discouraged and quit. But you may find...

Yes, a bid/ask may show up from many sources. Often it is the last bid/ask from the day or previous day. Before the open on TWS, you'll see bid/asks fluctuate a bit, but often they are the exact same price. None of these quotes should be considered as accurate.

CL is not very good for AH trading and only monthlies really trade. Generally, you get the fill with slippage. ES is much better, but it's still not a certainty that you'll get the fill unless the market moves against your order. Still, ES fills are relatively common AH. Time of day matters...

ES, as well. Equivalent to 5x SPY. Generally, very good option liquidity.

Here are some questions. A. Do you have the legal right to take over the trust? B. Are there other beneficiaries? If you are the trustee, then you have an obligation to them to preserve the trust's assets, not dick around with it. The trustee did well with his strategy. So there's a draw...

There is the infamous story, I think from McMillan, of the popularity of selling teenies during the 1980s bull market. Month after month, year after year, traders collected their premiums, selling deep OTM index puts. It must have seemed like free money to them. Then came the Crash of '87...

It's "moot," not "mute," OG.

Don't turn around, uh oh oh. OP's in town. Hey, FWIW, I routed directly to CBOE (instead of SMART) with no data loss. Still, the retrieving data message took some time.

Same here, OP. Looks like about a 90 min gap in data. I don't chart options usually, but what's up with that?

Well said. That is truly the goal of every trader.

For the average retailer, you can't make (or lose) money without taking on risk. Perhaps you got this from some of the replies, but you've got to have some kind of analysis AND trade plan to go by.

AKA Baghdad Suicide Bomber, um, Spread Thingy If the front strangles remains OTM for a while it looks OK. Slippage should be considered as an additional cost. If either option in the short strangle goes ITM = more slippage. Gamma gonna get ya if either short option moves DITM. If short call...

OP's playing games, but for the sake of discussion. Yes it will work...sometimes. As with many trades there are a myriad of possible outcomes. Scenario 1: Strat works well. You make decent money on options or hedging or both. Scenario 2: Strat works well enough. You make some money on a...

It's impossible to predict. Yes, generally, there will be some IV collapse. But often, at the next open after EA, IV can be all over the place as stat. vol may still be expected to be significant. Really depends on the Co. specific situation, including the significance of any pending...

You're Wrong! It is a stupid trade. No offense, OP, but it shows a lack of understanding of the realities of option markets. Generally, not only is there less liquidity with ITM, but also as you go out in time. Posters mention this because it is very important when trading - especially over...

Looking better, OP. GL.

You're thinking of futures margin. Futures p/l is handled as a cash flow, not FOPs. FOPs are m to m but as unrealized p/l. FOPs use SPAN or a risk scenario based margin, whatever, with a "one day risk horizon." These differences sometimes cause the margin for FOPs to be greater than the...

There's no absolutes with option valuation, but the ATM option will very likely lose considerable extrinsic value. But it probably won't go to zero. It depends on the UL. It still might be trading at .05 or more at the close.

All we do is buy and sell crap in an effort to make some money. You may get big enough to get on somebody's radar, but by then you'll know enough to work around it. Or if you trade an illiquid, it may be you against the MM - who will do his best to get some of your money. I'd focus on...

The position is bullish and not much payoff for the risk. If ES dropped a bit - the options are still OTM - you'd be stuck with an unhedged put at a loss. I like reverse cals, but generally trade ATM with an expected move one way or the other.