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    Broken wing butterfly

    Hi RichardRimes figures you gave are right, right for expiration, but now its still a "long" way to expiration, and according to the "real" time graph, shows this "tiny" +0.07 profit will drop if SPY continues up, figures have also shown this, l only have a 0.12 cushion, gross, the credit l...
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    Broken wing butterfly

    Hooray, an ~ +0.07 will be achieved if closed with the close last Friday at 184.14. the delta of the spread is about -12, on December 31st SPY was at 184.5 closing at ~ -0.27. according to a real time PnL chart, my losses should be increasing as the price increases from about 180. so why this...
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    Broken wing butterfly

    Capt Hobbes totally agree expiration PnL very misleading esp for BWBs. so you have also entered a SPY BWB at almost same strikes, what was the price of SPY when you entered? enter at a credit? what are your stop and profit targets? so are the PnL good for the BWB? looks reasonable in your...
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    Broken wing butterfly

    SIUYA, nice explanation for increasing cost of closing, as it approaches 185, l really thought profit would be increasing as it approaches 185, the expiration graph being part to blame. but opposite is true, loss increases; due to disparity in the two spreads as u explained and time value l...
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    which greek has the most influence on an option's price?

    l thought delta, I had entered a dec27th expiring put broken wing butterfly on 16 Dec13, SPY 179.5p, 177.5p, 174.5p at -.04 (credit), three days had past and underlying moved in opp direction, SPY increased almost 2 points from 179.13 when I had entered the trade, to 181.06 when exited, on 19...
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    Broken wing butterfly

    yes, the short vert is wider, so I guess thats why the broken wing is costing more to close as it moves up towards 185, yesterdays session saw SPY decrease to 182.99 at one point, so it cost less to close at -0.09 from the -0.12 credit I received when entered. when SPY was at 184.69 on Dec31...
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    Broken wing butterfly

    l entered a SPY broken wing call butterfly on December 26th 2013, 183.5, 185, 188, january 24th expiration, it was bought at a credit, -0.12 l expect to make maxiumum profit at 185 at expiration and for profit to increase as it approaches 185 pre expiration. it has done that with SPY only...
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    IB "snap mid" orders,Mid price orders are an essential money saving method of trading

    Thanks Kostia00, when can we IB traders expect? please add as soon as possible. thanks again :)
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    IB "snap mid" orders,Mid price orders are an essential money saving method of trading

    , especially for wide bid ask spreads, like index options. “Snap mid” orders are far from developed, they can't even be used for combination / spread orders, so only single legs can be traded. Furthermore conditions can't even be attached to them, an essential element for clients who can't...
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    IB's Option Trader

    there is no information on what is requested: is it possible to select mid point with incremental +/- with optionstrader now? where can l download this version and where are the instructions for its use? thanks
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    discrepancy between TOS and IB software

    The thing is l can login to the feature poor webtrader, and get basic data. with TWS can login with zero data :( IB said they will chage my data server so it gets it from hk server rather than us server this weekend, hope that makes a difference.
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    discrepancy between TOS and IB software

    l am currently in china with the restrictive internet access, I can login to my ib account but no data shows! when I logon to my TOS paper account everything shows, though seconds longer to login, the CNBC TV plays as well! why do you think such a huge discrepancy exits? this is...
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    IB's Option Trader

    it has been over two months, can IB let us know the progress to this much needed feature?
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    MSFT call calendar gone sour

    yep it was that nok annoucement, I was clueless about this. and even if l knew, wouldnt expect such an extreme reaction from msft. opinions please ... "rolling the two november 37calls down to one oct 18 34 call looks a better prospect than it was before no? in prospect of minimising loss or...
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    MSFT call calendar gone sour

    When l entered the trade msft looked a sure winner on the monthly chart (hope my chart shows, screen shot taken that sec), then it dropped significantly, thats when l started worrying. rolling the two november 37calls down to one oct 18 34 call looks a better prospect than it was before no...
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    MSFT call calendar gone sour

    really l should just move on, msft is a real lemon, and it has bought a lemon phone company nok. who buys a nokia phone ? anyways sold both at 0.195 and bought the 34call october 18th at 0.45, so paid an extra 6 net, but l think thats a better prospect than 37calls november that l had on...
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    MSFT call calendar gone sour

    Hi RichardRimes, on 23rd Aug 13, bought 2 MSFT calendars 37C, sep20 nov15 @0.54, nov leg@0.75, sept leg@0.21 (bought back at 0.05 on 28 Aug) MSFT was 34.77 when calendar entered l agree with you, there was a fall in July, though l was confident it would go past 37 by november looking at the...
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    MSFT call calendar gone sour

    anyone have any idea why MSFT has tumbled from aug23rd entry date, when l did a 37C calendar september20th november15th. Well l bought back the short september leg, and still have the long november leg, november leg has fallen by over ~70%, what would a knowledgeable option trader recommend...
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    US 161K to invest, suggestions please.

    no one mentioned property, buy to let. l ccould get about 3% on rental a year and rest likely capital appreciation. got a flat in Shenzhen get ~2% on rental, but capital appreciation ~100% in about 3 years. l certainly know how to "trade" making massive losses in options, though accumulated...
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    US 161K to invest, suggestions please.

    I have sold a property abroad and now have around US 161K, what investment should l consider?(no income return required, ie capital appreciation > inflation is fine) 1. buy a property for eg in Shenzhen , china and rent out or 2. invest in an ETF like SPY, which tracks the S & P 500 with my...
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