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Yea, just sell naked puts instead if you like the strategy the original poster mentioned.

There is no way to capture the lost money but this is a better choice than writing covered calls. Few people realize that covered calls are essentially naked puts.

Maybe you should just consider selling naked puts if you want to do this.

This is correct.

I think 1245 gave you accurate answers. You will need underlyings with high option volume. I don't think it matters much which strikes you trade. What really matters is the spread, commissions and execution quality. BTW, 2% over a week or less is not a small edge, it is a huge edge. Check Krug's...

I like IB, but this is pretty funny : )

You could check here to get an idea: http://www.optionsclearing.com/webapps/volume-query

Oh sorry. I didn't realize you were talking about a sim account when you said "live options demo". Thanks.

What is a live options demo?

Not sure exactly what you are asking, but generally one of two things have to happen for the option to trade at close to parity with the underlying. 1. There is almost no time left and the option is in the money. 2. The option is very deep in the money. Also, if I understand your post and if...

Or a "covered put".

You are a bit all over the place on your post. If you did post some hard numbers it would be easier to give you some examples using your numbers. The real answer is probably that there is no consistently correct answer. i.e. the correct answer is "It all depends". Correct choices for options...

Don't see them with the new layout. Sitemap seems broken. Thanks.

How does OptionsXpress optimize the orders?

I am not sure exactly how IB deals with the combo orders except to say that you will usually pay retail on all legs. I don't think the public ever sees the order unless they are looking at the complex order book. I think you are usually filled by a MM on these orders and usually at the ISE. When...

Not sure what you mean by doing an iron condor below the ask. That is a four leg combo and you will end up paying full price for each leg. As far as I know you won't get the liquidity rebate on combo orders. If you want to try to work your way into it one leg at a time you might be able to get...

Here is a link that will help you understand a lot about how options work: https://www.thinkorswim.com/tos/displayPage.tos?webpage=trainingProducts If you read and understand most of what is presented at that url you will have a good base knowledge of how options work and then you can get...

Can someone please tell me under which circumstances a synthetic would have an advantage over an outright call or put?

I am not exactly sure what you are asking, but if you make your target order a market order it will be executed immediately after you fill. I think you should think through your question and word it so that it is easier to understand what you want so that we can help you. If you want to make...

You can be pretty much guaranteed you will get nothing useful for your money, and probably information that will help you to lose your money.