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I've got his "Trading Options at Expiration". Tried his recommended strategies from the book, weren't really profitable. Backtests were lackluster. He cherry picks only the profitable trades in his book to show off. Perhaps I didn't spend enough time on it. Take it for what its worth.

Wondering the same.

Less competition on the SPXW. I also doubt volume would just "flood over" if the spreads were equivalent. People dont really care. That being said, as someone else said ES future options are worth looking into. The fills there are great. Unlike with those crappy CBOE MMs.

Yes, the graphs change live. All calculations as well. I use it for a ton of stuff, analysing risk, greeks, graphing risk / prices, backtesting, pricing vol, data visualization when you've got a ton of it and the numbers are just a blur...I also trade from it, got it automatically managing...

Yes, it helps immensely. Words cannot explain how helpful Excel and it's VB has been to my trading. I couldnt do any of this with any retail platform, ever.

To be honest, I believe all brokers smooth HV out like that. It's extremely misleading IMO. Personally I download underlyer data and run my own HV calculations and compare to historical IV on a day-to-day basis. Much more realistic that way. I also delay IV 30 days and graph it vs HV to check...

Thanks I'll look into the suggestions of this thread.

The risk graphs in TWS sucks tbh. If you want a proper risk graph, hook TWS up to Excel and graph it there. As for plotting real vs impl, open up the underlyer in a chart, rightclick the chart - > chart parametres -> check the tickbox for "option implied volatility" and "historical...

Makes sense. I agree with you, makes no sense for this market to go lower now IMO, thats why the sell off made me wonder.

So whats with the selloff?

But then I'd have to go below 1300 to make money...my bias is it will stay above 1300 and I'm looking to profit of that somehow...maybe you misread OP. ( Or maybe I'm misunderstanding you )

Say I feel the ES isnt going below 1300 this month. What would be the best trade to exploit this in terms of RR and minimizing margin (giving high return on margin)? Is a credit spread my best option?

Yeah, it's actually very hard to "measure" liquidity. I know personally on the ES future options, they look very illiquid but I very, very often get filled at better than midpoint from MMs. On other instruments the spread might be tighter but a midpoint fill is impossible. So there's a ton of...

Weighing should be equal to the importance of each factor. Also, it might be worth adjusting volume for price, as higher priced stocks often have lower volume, but can still be very liquid, relatively speaking.

I plot historical prices of the positions I'm in via Excel, but I never plot it for single options. That info is pretty much useless (IMO)

I know contango is a big problem with USO....here's an article on it: http://seekingalpha.com/article/123577-is-the-uso-etf-a-piece-of-junk

TOS or IB. I download prices in Excel via IB and graph them there min by min.

Right now all the elite traders are in european debt...Take some elite advice and allocate 100% of your portfolio to it....forget risk management, real traders are busy making money not "managing risk" like a bunch of dorks.

Well, where do you feel price will go within expiration? If you feel it will settle OTM then just exit the position now before time decay eats away everything.

This is 2012 bro today it's all stored on floppy disks.