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Coach, Is your general feeling to wait until after earnings from the major's before putting on May positions, or start putting them on now? sd

I don't remember why this happened, but last year when I was a total newbie at trading credit spreads I sold a 15x1175/1185 call credit spread. I only had about 30k in my account and I let the index violate the 1175 all the while saying, "it can't go up anymore" and it kept on going up...

You should call TOS. They have their instutional platform called Liquid. They charge a per contract commish (don't know what it is) and can connect to most any brokers.

I'd like to find a analytical way to analyze whether I should open a 5pt spread or a 10pt spread. Right now I find a short strike that I would feel comfortable with using prob analysis, and then compare the ROI on margin of both a 5pt and 10pt spread. What I don't compare though now is what...

I was just in Vail last week, I should have bugged you guys for cheap tickets! 81/pp was a little steep, but the spring skiing was amazing, 50deg, no hat or gloves. We ate at Campo Fiora or something, amazing Italian food, and listened to the piano guy at the Inn at Vail...really fun...

Sorry if I'm being a pest, just wondering if anyone is using ChartBender for trading? I'm can post up some of their charts here if anyone is interested since I took advantage of coachs 2months for 1 deal. Anyone use them or have interest?

First, did anyone watch the chartbender presentation on using their software to find IronCondor trading opportunities. It was pretty good, not Cboe quality, but there were some nuggets of info. I'll put the info at the bottom. For those of you who have used their software, or watched the...

Do guys factor in commish on these trades? I have 100 1325/1335 and if I closed out for even .05, it would still cost me $500 plus the $250 in commish, $750 total. Not chump change for a very small prob of expiring in the $$. Yes, I know there is the risk of SET, but that would have to be a...

Hey there, I'd just like to reccommend a video series I just watched that is very applicable to the type of trading we are doing. Credit Spread, Iron C's, Calendar's and the reccommended type of trade the double diagonal are gone over in good details. Just a FYI Dan Sheridan's Market...

You could do two things: 1 ) If you have OX, place a contingent order to exit the spread position at a defined point on the spx, AT THE MARKET. (since you don't know what the option prices will be) 2) If you have the best broker, TOS. Send an email to tradedesk@thinkorswim.com along with...

Thanks for the bump, 95xMar 1325/1335 for .55 PS: I still don't buy all this fly stuff. Seems a little overly complex to me, but I'll wait and see. But then again I can't watch the market all day.

Coach, I'd like to ask a corollary question as to when to put on trades with respect to market timing vs. the effect of theta. In general I follow the same rules of the game that piccon laid out. I currently trade when I feel there is a strong over(bought/sold) condition and then put on...

Can you provide a small review of your experiences with the OEX vs SPX. I used to trade the OEX and SPX spreads, 50/50 on each, and then they were so highly correlated I just didn't think it made sense, so I just went with the SPX. What has your experience been recently with the OEX in...

But the two leads of the company, Joel and Scott are good old boys from the U.S of A. Their entire business model exudes idealistic American quality, and delivers on that idea. No matter where the people are who write the software, the basic idea is, you get what you pay for 98% of the time...

This is why in 2010 there won't be one product made in America by people who take pride in creating a quality product. If you want the equivalent of a tee-shirt made in china, go to tradeking. If you want a institutional level quality trading platform, stick with TOS and pay the extra...

So I went to Cottle's web site and was looking at the book, looks interesting but I think I'll wait to hear some of your reviews first. Last thing I need is another dust collector. Anyway, browsing through the site I found something about cottles technical system. Anyone ever hear of this...

Anyone heard anything about this broker? 0.65/contract. tradeking.com

Yes, do it on live chat.

Yes, do it on live chat.

Is a "limpy bitch" Iron Condor the girlfriend stage of a "prego" fly? hehehe.....