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trefoil Thankyou very much! ________________________________ I got out of credit spreads about 1 st December and went back to trading by buying straight options. Have developed three KISS trades based on expectation of thrust and velocity. They seem to be workig...

I'm going to pack up for the day. Nothing happening at the opening. Go do some errands into the nearby town. Thankyou for the tip on the GOOGLE search for IRON CONDOR CALCULATOR. A wealth of websites on there. Why I didn´t think of those keywords i don´t know? Appreciate it.

Howard Where do you get that graph in TOS? I had tried around, but never found such a thing. On the other hand, I´m a little afraid of messing up on that thing, so don´t do too much experimenting with TOS. I prefer the web based. Maybe because I´ve got used to it over the past year...

I thought the OEX was electronic on Thinkorswim platform? They have a number of exchanges so they get good fills. Except for once in a while on a market order, I get good fills, using limit orders for sure.

Howard You are certainly having a lot of fun. I confess to not understanding what you are doing. The concept is intriguing though. You certainly seem to have it mathematically figured out. Doing weeklies for eight months, I more just concentrated on putting on spreads so I did not get...

Martinghoul Well I´m familiar with legging into a credit spread, or one side of an IC before you complete it. In that case, I have through habit got into the position of waiting for the index to move toward my target spread area, to take advantage of the premium ballooning, or volatility...

Martinghoul What a name? ( grin ) Yup! Just a sec, got to take that piece of grass out from between my teeth. Since the Iron Condor is opposing spreads, I cannot see that figuring the volatility has anything to do with it? The whole idea being to let the index gyrate around...

Well Howard and Ninna both have me spooked. I´m just a dumb country boy. I really don´t get what Howard is actually doing I guess? Sounds very interesting, but what kind of decision tree he is working from I do not understand. Ninna is talking about an IC is not a strategy but a...

You need to understand that options and spreads are instruments. They are tools to achieve your goal. An IC is not a strategy. It is a tool. The IC tool allows you to play IV. The source of your positive expectancy comes from better forecasting IV than the market, not from the IC itself...

Howard I´m probably too dumb to appreciate the technical jargon in trading. My view is that the simple way is best. I think a lot of people over analyze. The analysis gets in the way of trading. Taking a bet as it were. 20 years ago when we were all starting with Trade Station and...

I´m curious about the rollover with a 60 day option. Surely you would not expect 80% profit on the spread within the first month or weeks? I would guess that would be pretty tricky with the market capable of gyrating for up to 60 days on the spread. Time Decay and all that occuring mostly...

Since I´m not trading credit spreads anymore, I'll add this little tidbit. 6% on the weeklies deviation, was a guarantee of success. The difficult part is getting the premiums in the OEX. Some of the other indexs with small strikes allowed you to get out that far in premiums. Though I found...

Yes! I got out of my depth quickly here too. I did get that he is using second month ( 60 day ) options, which is something I never thought of, but seems like a good idea. Even though doing the spreads for same month. I wonder when he rolls over, if Howard is still doing the 60 day...

If you have Iron Condors returning 20% you must be selling them early in the month. How early?

Howard When a spread has reached at least 80% of it's capped return, I begin looking for an opportunity to roll. However, before I close the spread I make certain that there is an attractive spread available to replace it. My entry rules for a replacement spread are identical to the rules for...

Micheal This guys ( Howard ) forum will interest you, as it is what you are doing. howardCohodas Index Options credit Spread Trading Journal ____________________________ I´m not sure a comment earlier was directed to me or somebody else? If you have...

Howard At what point do you decide to rollover?

Howard I don´t have the records now, but they should be on OEX WEEKLY OPTIONS and also SPX CREDIT SPREAD TRADER FORUM. I commented as I went along in 2010. Most of the time I traded WEEKLY spreads. I started out with monthlies and then transferred to the weeklies. Faster action and...

Howard Interesting question I was trading the OEX during the year, 2010. I had four months of wins and then got hit twice, each about 4 months long. I haven´t found it much different what index you trade. The percentage gain is the same. I had to close early both times I lost...

Same to you TJ. Ray