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Coach, Correct me if I am wrong, but I would like to restate that this repair strategy does not work unless you have a risk based margin system to fund the fly and the associated roll down of the credit spread. Or you can convience the complience department at your brokerage to free up...

I think this is a very relavant issue, and I would like to learn more about it. To me the more "professional" we can all become the better off we are. After my time trading CS's and IC's, I have become a risk manager first and foremost. So if you don't mind answering specific questions, let...

Let me ask some overly simple questions. Why can only prop shop traders and market makers get a risk based haircut? Do they have to be registed as/with a JBO or BD? If that is the case, is the Risk BH the same as SPAN margin? Is this what is spoken of when people say they like...

Just my 2c, but I was all hot and bothered for a bit on trying to find out info on options on futures, applying the same strategy we do here. What I found was that the major brokerage that trades them, IB, isn't very good for the people who like the trading platforms of OX and TOS. That's...

Maybe they turned that option on for you, but if I put up a option chain on the SPX, select put spreads, and click on the bid of a spread I want to trade, there is no All or None listed for me. If I also start with a blank Xspreads order with two option lines, there is no All or None listed...

Sold the 1200/1190's for .05. Picked up the 1250/1240 for .30. Took about 5min total. sd

I'm looking to close out the 1200/1190 I have for a nickel. Any opinions on rolling up to the 1245/1255's in Jan? 8 days left and that would be a 45pt move down. I'd like to scalp some extra premium if possible. The ATM straddle is ask at 18 for a implied move of 1272 or 1308. sd

I don't believe there is a "full fill only" with OX trading spreads. If there is, I can't find it. TOS users, does tos allow a all-or-none on spread trades? If so, this would be another point in TOS favor, but I'm still waiting to open a account until the llc is complete. sd

Wow, just got back home and this spread is now 1.95x2.2.20. I was looking at it for .45 back in the 1255 area. Murray, are you holding on? We're at that 15pt fence point right now.... and we have broken resistance.

Since our Santa stayed at home this year, is anyone scalping some extra premium by selling Jan Call Spreads to form a IC with our puts? I was look at the 1295/1305 for about .30 or the 1290/1300 for about .45. Just want to get some other thoughts..... sd

Does this happen "auto-magiclly"? For example, if I trade in 100lots and I only shave .05 off the Mid, will this guy try and push my order ahead of the small lots and get me a better fill since I'm a BSD?? lol. Or do I have to call and bug em each time I put on a 100lot? Where did this...

Can you define what you mean by Ticket Charges? IB's commish schedule is hard to understand. And yes, they do have cancel/replace charges. PS: I asked TOS to meet IB's sched, and they would only do 1.25 at the lowest. Scott said they are not competing with them.

I agree. I think XSpreads is basically a waste of time, but the concept he's talking about exists on OX and TOS.

Isn't this exactly what OptionsXpress's XSPREADS orderbook marketplace is? A internal market to OX that allows users to see what other's are buying or selling? I can take the other side of any spread trade on XSPREADS by looking at their order book...

I'm actively demoing IB right now. I can say for certain their web trader platform sucks, and their mobile trader only allows you to view positions. Their TWS platform is another story, it's huge and complex. unfortunately they only have the OEX demo symbol and option chain for CBOE...

Just wondering what is the lowest option commish out there with a quality firm. I trade about 130 contracts/month. Right now I have 1.25 with OX, and I know it's .75 with IB. Any other retail firms out there with better rates? Thanks, sd

Your analysis is correct, maybe I'm just jaded because I've gotten burned so many times on close to the money spreads that end up costing me month's of profits.....

I just have to post this. Back in the day, I had a subscription to Schaffer's Wealthbuilder when I really didn't know what I was doing. Needless to say, it lost most of the time. Now it just gives me a good laugh every once in a while. I'd love to hear what you think about this...

Insert Foot into Mouth...Do not pass Go, proceed directly to trading jail...

Since I'm bored, let me ask. What exactly is Trip-Witch? And why would it push the market in a positive direction when a market is trending? sd "let's go the-ta, let's go!, let's go the-ta, let's go!"