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You in the states? at the moment i'm forced with IB because of my nationality, but if you are able to use ToS, it's a great platform. You can try it as a second option. Not that IB is bad, they are a powerful institutional level broker. All brokers do that sweeps, specially in low margin...

Thanks again for such great information, I know it's all over the web but it's no the same as reading it step by step in this thread. Found the perfect easy example for studying the conversion arbitrage, and I didn't knew it could be theoretically placed neatly in one order: Underlying at 1.00...

I'm trying to get it, But, if you became bullish in your example, why would you keep the already profiting put instead of selling it? to hedge if the price of the underlying keeps dropping?. (side note: in my case I have zero tax implications, don't know if the focus of the strategy of the...

I feel you, I'm still trying to grasp the logic why IB tells my i'm long on a net short position, it delays my thought process when trying to enter/exit position in strong movements. On a Bull Put spread i'm long for IB, so to 'close' is to 'sell' the Bull put spread, even RH handle this better...

You're right, now I got it

Thank you very much for your valuable insight, as I can see I wasn't that wrong to see some kind of relation with the synthetics you were explaining and my doubt. Sorry that I confused the wording, you are absolutely right I meant that he was assigned the short put an exercised the long one as...

You seem like the perfect candidate to help my with this head scratching, My first exposure to understanding the use of deep ITM options was when a friend showed me a trade where the goal is to be assigned on both legs for full profit (He is a new generation, 'Robin Hood gang' so he doesn't...

This is freaking awesome! I honestly had no clue before reading thoroughly each of your replies to this post, thank you very much for the eye opening information.

I Finally Got it! Thank you very much :thumbsup::thumbsup:

Thank you very much for your time Guru, I'll write exactly what I wanted to do so maybe while writing it I can finally decode what's making a shortcuit in my brain :banghead: I'll itemize what I was visualizing, option by option. I wanted to have 6 contracts in total: 1 LONG 75 -----...

Thanks for elaborating, sorry to bother you with additional confirmation but i'm trying to get this 100% right not to mess again in the future... So, supposing that I wanted to benefit from a SEPARATE, additional (not sure if i'm wording that correctly sorry) Bull Put SPG 60/55 , with full...

Thank you for your detailed response, But let me elaborate what i'm still trying to figure I initially had: Iron Condor SPG SEP18 70/75 - 65/60 And I wanted to open: Bull Put Spread (additional, separate from my initial positions) SPG SEP18 60/55 but the SEP18 60 PUT Leg is gone (closed)...

Thank you for your response, IB in its TWS only has BUY and SELL buttons. When you right click on an open contract you also get the CLOSE button as a convenience (I guess to minimize the confusion for users) that presets the right action needed to close (BUY or SELL) in the order entry. I...

Dear Elite Trading Team, New member here! good day for everyone!. I really appreciate some insight on what happened to an Iron Condor I opened a couple days ago on Interactive Brokers: SPG SEP18 70/75 - 65/60 for 3.21 credit / Max Risk $192 Yesterday the price went down and I decided (or...