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Just be prepared for things not going as you have planned. That's the reality of putting money on the line vs. paper trading.

Hey Jimbo, I've been with IB for years as well. The default routing exchange used to be ISE. SMART would usually send it there and the fills were often good and I would agree that back then they tried to get their customers good executions. Then it changed, SMART usually routs to CBOE...

I am not happy with the RE market slump. The bulk of our assets are in RE in CA. Not so rich anymore, are we. But you are forgetting about quality of life. I live in an area (OC) where immigrants, both legal and illegal, have come to dominate (majority). Here we have seen changes in only...

:p

You don't lie, Cocaine.

:D LOL

Yeah, just fooling yourself. Thanks for the ideas, though. I've spent years mulling various strategies over - and it all comes back to - you have to predict something.

Just to sort this out in my mind - you begin with a synthetic short straddle long/short underlying and short ATM call/put. The long future is stopped out so you have an OTM NC + a synthetic OTM NC. Write another CC (strike?) and you'd have a essentially a 1:3 ratio write using call...

You do not state what you would do about the now naked short option if the stop on the future is hit. While the CC and the CP are equivalent to a NP and NC, respectively, the use of a stop on the underlying alters that equivalency. IMO, it would be unwise to use a stop on a naked option...

What is your opinion of equivalent positions for ES and YM? I know that the dollar equivalency is 5 x YM /50 x ES. Is volatility also factored or some other methodology? Thank you.

bald and no teeth

I would suggest that there are millions of fascists in the world and many of them have great power. Do you think that they are dumb enough to call themselves fascist or Nazi? Many are too ignorant themselves to know that they fit the facist criteria. I guess that you could just call them...

Yea $25 DOM on YM bites.

IV is derived from the option price, not the other way around This close to expiry I've noticed spikes in option prices possibly because the perceived probability of the option reaching ITM increases as the underlying moves toward the strike. A move away from the strike may deflate prices...

I think that you can glean some nuggets of wisdom by sifting through the BS. That said how are inexperienced traders supposed to do this? And you can get bad advice from good intentioned posters as well whether because of a clash in trading styles, poorly worded posts or just plain wrong...

I agree. IB is my number one choice. I'm looking around for other possibilities. A couple of times over the years, I've been irritated at IB. But when I look around for another broker I don't see any that compare for my purposes.

I've been with IB and I am satisfied. However, I wish to open an account for long term swing trades using some funds that are not mine. The account will be funded with 30K. My strategies will be primarily selling options/covered writes and may involve using futures options. I will...

I wouldn't use a stop with options.

Thanks.

Anyone know of a good estimate for QQQQ March dividend?