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FWIW, 1) I focus on three numbers: net liq., available margin, and "cushion" (you have to hunt for "cushion", but it's available on your TWS dashboard). 2) I focus on $5 "slots" of margin -- I take net liq., divide by $5*100 (SPX; 50 for ES; etc etc), and I have the number of $5 slots that the...

Definitely need more info, including underlying and exchange/config. In many (U.S. equities, ES, SPX), when the option trades above a given price, the tick/increment increases by some x amount -- pennies to nickels, nickels to quarters, etc. (Spreads on these options have their own rules -- an...

1) In trading equity options, your penny-based bid/ask will only be updated on TWS when they hit nickels. I don't *know* this, but I suspect this is an exchange artifact, not TWS. 2) Your bid was hit at (b15¢/a25¢) 20¢, for any of: a) algo triggered at bid+_x_%, as per prior response b) "Dark"...

A thought: "Postpone!" ("Whut?") The ES has a limited lifespan -- don't get caught trying to rush things: take out an offsetting position (100% or to any lesser degree) in the following month, and lose the deer-in-the-headlights scare that trying solve it all in one very-fell-but-very-expensive...

Thanks for all the replies! --Ask for a deal: "always" -- but they have always been stingy in the past. -- BrightHouse IS cable -- hence, 55mbps. -- Verizon IS AT&T -- (can you imagine so peeing on your own *legendary* brand, that you had to "borrow" another from a merger?? That's embarrassing.)...

Do you have access to a PnL graph? Use it. There are put options and there are call options. You can buy them both, or you can sell them both, or you can buy one and sell the other, or sell the first and buy the other, or buy/sell puts, or buy/sell calls, or different combinations of this. Til...

Agreed. (And in this case, that is the $1,000 uncovered exposure). As well, 1) the other side of the market can be written w/o (net) margin impact, and 2) margin will be allocated "afresh" for each expiry. Thus, write a 95/80/70 put-side bwb for Sep09, and you can write another, call-side bwb...

A very seldom-seen bit of wisdom.

Say whattttt? Okay, so, it's easy enough to agree with anyone being "trapped" in an iron condor == idiot. And ToS has long offered discounts to those who bitch loud enough. But IB offers discounts on volume?? Got a reference for that? Are we anywhere near retail?? (I had 200 $5 SPX spreads on...

In Indianapolis, Bright House has a fairly good reputation. AT&T, on the other hand, has been in implacable pack of monopoly-sucking idiots. I've been with Bright House for roughly 10 years, this go-round, but they have upped their prices, and I think it's worth a bit of shopping. But in the...

SPX option seller; 10 year TWS user; looking to meet/swap stories/tips with others.

Uh-oh. I feel like I am late on this one..... TMc Indianapolis

Not 100% sure, but I recall SPAN to be "performed" twice a day, twelve hours apart, and implacable otherwise. PM is (what IB terms) "real time". If you have the cash to throw in, you want to go PM. You do NOT want to get near a 12-hour SPAN-ified account impingement. YUCK.

And a bucketful of strangles and straddles, all sold with no mention of TOS' commissions. ("Phew!") Further: 1) News doesn't matter. (The market's gonna do whut it's gonna do.) 2) Graphs don't matter. (The market is random, dont'cha know.) 3) Trade only with IV/HV. (Which they invented. to...

Without fills, your charts rank you amongst the *thousands* of BS artists who post their "I should'a done this!" charts as if they had, and imagined any of us to care. Want us to care? Post yer fills.

Hey -- if we're voting, I'm voting LINKEDIN IS EVIL. I've been in the middle of it with them for over a year, and I STILL get stream of "Do you wish to Connect with this person??" and have it turn out to be a friend's anti-spam alias-- complete with mispeilings -- no way to get that...

Remember that the SPX reflects a live index, while the front-month ES quote is a futures contract carry -- down 7.5 points when it becomes the front month contract, but down 0.0 at expiration. Thus, every 3 months, you'd have a "difference" created, which would then diminish to zero, then pop...

"Word." "+1" etc etc etc.......

Sorry, ET_NYC, but this one gets a big ol' "+1"...... FWIW, Mirus commissions are comparable to IB, but the fees in account management are killer. AND, (and most importantly) choosing a platform because of high leverage (on a highly-leveraged asset anyway!) is a formula for...

PS, I guess: yes, I've had weeks go by with all positive trades. So what? That's how I'm trading, and not magical at all. The price is, you pony up a boatload of commissions. (I paid -- and will expect to pay -- 5x the commissions for ES tick-scalping that I do with ES credit spreads, for...