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  1. M

    SPX Credit Spread Trader

    falconview, Forget those OTC scam outfits that offer binary options, you can trade binary options listed on an exchange, just go to CBOE's website and look them up.
  2. M

    Noob Stratergy Question

    What you are proposing is called a long vertical call spread (aka bull call spread). You can find loads of info on this strategy on the net. Since you have an unrealized loss on the long call, selling the higher call now wouldn't give you a risk/reward ratio as good as if you were to buy the...
  3. M

    Noob question about options?

    Leverage. The deeper ITM you go the less leverage and vice versa. And, no, traders don't necessarily want an option that follows the underlying as close as possible.
  4. M

    Noob question about options?

    A limit order doesn't guarantee an execution. If you need to get in/out then you are forced to pay a lot in slippage.
  5. M

    Noob question about options?

    I trade both directional and market neutral. When you trade market neutral, it doesn't mean that you don't have a view, it means that you have a view on the market trading sideways or a view on volatility. So if options allow you to express that view, why would you want to stay out!? Deep ITM...
  6. M

    Whats on your wrist today?

    Had the watch for more than 5 years and absolutely love it.
  7. M

    indicators that preceed ES

    Even if there is, why would anyone disclose it to you or anyone else for that matter!?
  8. M

    Minimum fluctuation ( Goog )

    See here.
  9. M

    Iron Condor not adding up.. help!

    I don't use IB, but in general you should be able to. 25K is for day-trading, which is a separate issue.
  10. M

    Minimum fluctuation ( Goog )

    These are part of the penny pilot program, hence their tick size is 1 penny. Stocks that are not part of the program have regular 5/10 cent tick size.
  11. M

    Every Week Is Expiry Week With New Weekly Options!

    My comment about this not being a big deal refers to the fact that this is not a new product, they just added an extra day to the existing ones.
  12. M

    Every Week Is Expiry Week With New Weekly Options!

    Not a big deal, they just added an extra day to weeklys.
  13. M

    Minimum fluctuation ( Goog )

    It's the same as for other stocks, 5 cents for options under 3.00, and 10 cents for options over 3.00.
  14. M

    Iron Condor not adding up.. help!

    Yes, all 3 condors (iron, call and put) are synthetic equivalents when done at the same strikes, so they are usually pretty much in line with each other. Small discrepancies may come from slightly wider/narrower bid-ask spread in one of the options and stuff like that.
  15. M

    Iron Condor not adding up.. help!

    The word "iron" means that you construct a condor (or any other wing spread for that matter) with puts and calls. If you use just calls or puts then it's either a call condor or a put condor. All 3 variations are synthetic equivalents of each other so there is no difference between them...
  16. M

    ETN options

    VXX and VXZ come to mind.
  17. M

    Can your broker Fxxk u in stop loss order?

    The simple answer is NO. Your broker doesn't really control the data feed so it can't fake it and even if it did, ES is an exchange-traded product so you can always go back and review the time&sales data and see exactly where the market was at the time and what trades took place.
  18. M

    Iron Condor not adding up.. help!

    As long as you stay with options you don't have to worry abour exorcisms. The term is assignment not exorcism.
  19. M

    Iron Condor not adding up.. help!

    I wouldn't call it "better", unless by "better" you mean that the reward/risk ratio is higher. However, don't forget that the higher the reward/risk ratio the lower the probability of profit.
  20. M

    Iron Condor not adding up.. help!

    The risk/reward of an iron condor depends on how far OTM you go, the further OTM the lower the premium received and the higher the risk, and vice versa.
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