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I`m asking as I was closing my positions using that feature. My order was hanging for a while... When finally I closed the rest below my price limit manually (leg by leg), it got filled. Maybe this (spread) works in long term, but sometimes is tricky.

Gee, you really have no mercy on yourself. Long time ago I learned from Leo Melamed interviewed about silver trade, closed too early, so few milion $ were not cashed. He said he never counted how much he would have made. IMHO it is great. Nothing can hurt you more "what if"

You mean spread limit order ?

Donna, this all about trading business. Never sure what`s the best. But whole thing is about moving beyond feelings of mere mortals :) SPX - all resistance levels are usually hard to pass by and the question is about the stomach more than strategies. You`re absolutely right - there will be...

How about waiting a little while ? I`m in the market for most of the time, and this time now is very exceptional having all my positions closed before the end fo the month. That is why I talk that much today :) There is no crystall ball, however many bullish scenarios go like this: cheap...

My strategy is neutral. As I converted calls few days ago, you may consider this as being bullish :) But seriously - I cashed out my postions and now awaiting opportunity to sell upside. I can`t do this now, as calls IV is low. By my contrarian experience it`s often a bullish sign.

Cache, thank you for summarizing. How many trades so far ?

One of the best is OptionVue, but it`ll cost you, see: http://www.optionvue.com

Smart way of selling verticals to newbies. You`d better get a good book.

And what do you do if stocks keep going down more and more ? This strategy does not have very much to do with opportunities of options, it is just one of stocks bullish strategies variations instead. Therefore, as Donna previously stated, you will not find any option solution for this, as...

That was my major concern when I was testing samples some time ago, as some stocks may open violently sometimes. Thus my assumption was, that proper overnight protection is the key. I believe that great number of opportunities in options is hidden in dynamic conversions, which cannot be...

Thank you. Have you been trading this for long ? Any opinions ?

Riskarb, do you keep any statistics of this strategy in long term run e.g. win/lose, %profitable, DD etc. ?

When I was using trading systems I hired a programmer for EL, and sometimes it took him a while to find proper coding anyway. Some time before that however, I was shopping around for EL programming and average price for consultation was about $100/hour. As for something which requires only a...

BTW - FA - Financial Advisor, which I think might be similar to FF.

Actually my program does not charge management fees however, yes, IB allows fees per trade (which I don`t use).

I am CTA, trading through IB FA application.

Agree. I just wanted to say that whole discussion becomes too academic and artificial. There is number of strategies, combined with variety of adjustments come to myriad of combinations. Therefore there is no "good selling OTM" or "bad selling ATM". All depends on your plan. What is good...

I do not have problem if you say your opinion is addressed to beginners or unexperienced traders, but I have hard time to accept simple statements criticizing completely what I and others do for living. In fact I strongly discourage traders of selling naked options. This is one of the most...

Because his strategy relies on his index, and usually puts are overvalued, but if index shows that calls are overvalued then he sells calls. And again, if you think that CTA can lie about his performance check NFA website.