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I'm arguing they are NOT "illiquid"....I wonder if Walt tried to leg into it by buying the strangle then selling the straddle...or the call side then put side, would he still run into the crazy margin calc? I guess what I'm trying to say is I think brokers are behind the curve as ES options...

you can do the order on TOS but what is interesting they don't tell you what happens to your BP...its marked as N/A...as far as liquidity the DEC right now are very liquid. I haven't had any problem closing FOTM orders. However I haven't gone any farther out than 3 months. I had/have more...

you could very well be right...looked at the 52 week high/low and we are almost 400 freaking points above the low....problem is..guessing when. When there are no meaningful pullbacks then 100-200 pt drops are more probable. Playing the drift upward but buying a few OTM puts.

You might want to erase your account number before posting the chart:eek:

I see you adjust based on delta's. Do you use any TA or charts to guide the precise entries? Actually not a bad year for IC's...been doing very small on SPX but having to adjust the calls as market has been pretty much on a drumbeat to the upside. What I've been doing to adjust the calls is...

Luci..I'm fine as well. They did do an update however and its possible your username/password somehow reverted.

Thanks for the smile of the morning...Ivory is a soap. The term "Ivy league" comes from the English Ivy that grows up the old "establishment" brick buildings from American Universities back east like Princeton, Harvard and Yale. :)

Just wanted to thank you guys and gals for the smiles's in the am. Best thread on ET! (also seeing what emg is having for lunch:p )

GL...I know you'll come back from time to time! thx ...:cool:

good article..this sums it up "Well-written work — whether in plain language or mathematics — requires comprehensible explanations and definitions, so that a non-specialist with a moderate interest in the subject can quickly and easily grasp the gist of the concepts, the theory, the...

Thats what I haven't figured out...is TA only Price and Volume? What exactly "makes" an indicator "technical"? I know that fundamental analysis is based on certain know "facts" (and... known... should be in quotes as well) such as PE etc. I guess you could argue that fundamental analysis is...

Its proprietary but not TA :D "proprietary"...private Tea Leaves

That June 150 SPY is similar to June 1500 ES ...you can do the same trade by selling the ES option. That far out is not as liquid but I do have one trade there I did the 1500 Straddle because my bet is the market will go up and down but not be that far off. You can then take off which ever leg...

plenty of ways...its called EITC...if you have 3 children and "earn" 10K you will get "back" as much as 3-5K EASY...Refundable Credits.... again though there is only a 50/50 chance he is going to even GET his refund.

The problem is there is no guarantee HE will get his refund...IRS or State can garnish for back child support...back taxes etc...also who is to say he can't line up 100 backers promising the same refund:D

Small correction on CD's answer. The ES Options do trade in nickel increments. I'm a huge fan of the ES options for the smaller retail trader. They are highly liquid and even FOTM options WILL trade although you may have to accept some excess slippage. Most traders will do variations of flys...

As Mr Atticus says time is the killer in this strat. You need to sell at some point to offset the risks of time and vol. Spreads are better esp for your longer term buys. For your short term buys try the ES weekly calls. Its more directional but you can play for a lot less money.GL...

some very NICE trading on your part lately..:)

good article thx..."complex" orders hedge the risk from the outset without having to leg into hedges....long time coming considering the technology has been here for some time.

I hate the "new" version..:mad: