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I suggest ignoring the clock and entering a trade when your conditions are met. If using technical analysis, then your charts tell you when. Otherwise, I suggest trading when the stock is priced where you want it to be and/or the options are priced well for you. As an iron condor...

Direction has nothing to do with it. When you buy an option, you also get negative time decay. There is no solution to this problem. However, if you hedge the trade by buying a call spread (or combination) or put spread - instead of buying only a call or put, then your time decay is...

There is no BEST method. You want to find something that feels comfortable to you. If you exit too quickly, you will never make any money. If you hold too long, you will lose money also. You have the choice of closing a portion of your position when the delta reaches 35 or 40 (or any...

NO. IB automatically exercises all ITM options, as does every other broker. Not counting the brokers who force small accounts to sell their options. An option owner may request: a) DO NOT EXERCISE any time. It does not matter how far ITM the option is. b) DO EXERCISE any time. It...

You are incredibly incorrect. Someone who is short an option has no rights. None. He/she is NOT allowed to request assignment. Nor can that person request to not be assigned. Where you may be confused is that ALL BROKERS allow option owners to REQUEST that an option they own NOT BE...

YOU NEVER NEVER learn of an assignment the same day. The assignment of exercise notices occurs at night, well after the amrket is closed. The assignee is notified early the next morning - except for expiration. Then the notification arrives Monday morning - unless you can access your...

You are wrong twice. 1) He will know by Sunday afternoon, if he has online access to his brokerage acount. 2) You are never 'assigned for sure' when the option is ITM by a couple of pennies. It makes perfectly good sense for an individual investor to allow an option to expire worthless...

Avoid this problem by not trading OEX options. SPX, NDX, RUT, XEO are all European style and there is NO chance of being assigned early. Mark

The answer is: Yes, you can exercise and sell the shares. But you cannot do that before the option expires. If you do, you would be naked short the 112 calls, and surely that's too risky for you. In addition, as already mentioned, you would lose remaining time premium in your long 111...

Good enough. I did not notice you were the sponsor. I use both historical and implied volatility, paying more attention to implied. Mark

The OCC should be able to help: options@theocc.com or the CBOE: help@cboe.com Mark

If you post solely to publicize your site, you are violating terms of service. Mark

If you mention your site when it is relevant to the conversation, few will object. If you post solely to publicize your site, you are violating the terms of service. Mark

The answer to your question is yes, OTM options can be exercised. The option owner has the right to exercise any time. I assume you are talking about a situation in which these OTM options move ITM. At that time, there is a possibility of early exercise. The are advantages to trading SPX...

As you know, iron condors don't just fade away giving you free money. You must leave yourself some margin room to make adjustments. Paper trading is good, but not good enough experience to risk your entire account. I suggest 3-4 contracts for three different IC - as a start. If you are...

What you want is front-month strangles, not back month options. Theta is not an issue here. You want, need, + gamma (at much lower market prices). To guard against a catastrophe, buy some FOTM options at prices that do not cost a lot of dollars. Obviously if you want protection against a...

link please Thanks Mark

1) I know you will find this difficult to accept, but the best advice is to FORGET the price you paid to own the position. That means you should get rid of a position you do not want to own, rather than seek a way to 'turn it around.' 2) Then decide if you want to own the Jan 20 covered...

That's way off base. He is NOT bearish - I may be incorrect but it seems to be he believes that if it dips to 100, it will rally. He just wants to buy if it drops to 100. Mark

I belive everyone is looking into this from the position of someone who knows what he/she is doing. Too many rookie traders do not know the rules, gamble with options, never ask questions. These people own options, decide not to sell them, and then are amazed when they have a stock...