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Still waiting for IB to call back but I think I wasn't assigned on any of the 20 short ES 1245s now. I liquidated 10 ES contracts from the original mistake. Then it looks like they assigned me 10 more short at around 12:00pm CST. Then they liquidated 6 of them (along with a few of my options...

Well I have an update for you. Nothing to do with my original request that IB reimburse the 6300 dollars I lost due to their incorrect assignment statement though. This time my account is now down an additional 11K. I find myself short 4 ES contracts and a few options contracts I put on...

KTM, Thanks for your thoughts. We're on the exact same page. I am a fan of IB too. I've never had any major problems until now. I think they provide a good product for an excellent price. Hopefully they are fair too...

Still waiting to hear back from IB but I'll keep you all posted. Thanks for the support. It's nice to know I'm not going crazy here... As for checking TWS, there wasn't any debate on how and when orders were filled. This was an issue with options assignment at expiration. The only way...

To begin, I don't want to sound like I'm bashing IB. I've been a customer of theirs for 3 years and have been happy in the past. This is the first major problem I've had with them. I just felt it would be a good idea to put it out in the public. This way it gives IB the opportunity to shine...

The fine print for the Vonage customer IPO offering states that you must fund the limited brokerage account within three days AFTER Vonage trades publicly. It also says that in order to receive profits from the sale of these offered shares you must fund the account. Would it then be...

Scary. On an unrelated topic, I attended an "advanced" options seminar hosted by OIC last year. I believe Jim Bittman (CBOE) was the speaker. I quickly arrived to the conclusion that the majority of option education sponsored by exchanges is heavily slanted at making traditional stock...

I personally have not experienced the success you have had with this strategy and consequently have differing opinions. Regardless, good luck to you.

Ahh, the old martingale strategy. Sizing into losing positions is always a highly successful financial concept.

And, buy not sell deep ITM put. Sorry, last typo. I need to learn how to edit my posts...

Sorry, I meant European style in my last post regarding deep ITM puts.

Would you please give an example of being long theta and gamma at the same time? I think a ratio'd short calender (extra back month short) might do it. I'm curious has I've always been told that the only way to establish a long gamma and long theta position was to sell a deep ITM put...

I believe Optioncoach is correct. The SPX underlying is the cash index. Therefore the SPX can not be directly, synthetically replicated with futures contracts. The futures price (like the forward price of the underlying) takes into consideration the cost to carry (among other things)...

The way I understand it there is only one time it makes sense (financially) to exercise a call early. That is when there is little to no time premuim and the expected dividends are greater than the cost of carrying the underlying. As for puts, it makes sense to exercise early when there is...

Never mind. I think I've found the answer. It has to do with the "early exercise premium" associated with american style puts and also american calls with dividends.

Does anyone know why the deltas of an American call and a put calculated using a binomial pricing model would be greater than 1? I think I've seen this somewhere before but have forgotten the exact reasoning for it. Thanks, -Mike

I've traded NQ options before (not these butterflys). There isn't a lot of volume but the MM will normally fill you in between B/A with limit orders. Of course you might not want to fudge around with it if you're trying to get a quick fill and don't want to possibly get hit with cancel fees...

It sounds very good but I understand I still have to take time to expiration and volatility into account. Even so, I figure I can always leg out of the short position as the underlying moves heavily in one direction and sucks the time premuim from that side. In that situation I would have...

Is anyone out there actively trading iron butterflys with NQ. The reason I ask is that I pulled some quotes from IB today and came up with these numbers while NQ was at around 1566. NQ SEP05 1570 Call = 56 NQ SEP05 1600 Call = 41.50 NQ SEP05 1570 Put = 50 NQ SEP05 1540 Put = 38 I...