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The cancel and replace charges alone would probably kill me if I went to IB. I'm constantly cancelling and replacing trying to get the best fill. Worked well up until recently. Now I'm having trouble getting filled at all.

The commission schedule I have at OX is the one set up by Chris Smith at TheOptionClub.com for members of his forum. This is the schedule that, if memory serves me correctly, ToS has agreed to match (as far as I know the account does not have to be an "active" trading account).

Also, I think there might be a large imbalance as most of us who post are getting in and out around the same time and we're not taking the opposite side. However, there may be a lot of people who monitor this thread, who don't post, but do take the opposite side.

I like ToS much better. Better fills, better service than OX. Currently pay $1.25 per options contract at both OX and ToS. Don't know about tradestation.

Talking heads on CNBC are saying that since 1969, the market has averaged a 1.7% increase during the last 5 days in December and the first two days in January (Santa Claus rally). I didn't catch which index (might be the Dow).

When you lowered your strike choice you got even less premium, isn't that correct. Don't you mean that you raised your strike choices so that you could get the premium you were looking for?

Ryan: Which strikes were you trying to get filled today?

Thanks, Mo. I knew about entering my name, but didn't notice I could enter some text too. I still think we should have a central repository for things like Coach's positions, so we can access them quickly, but I'm starting to sound like a broken record. Thanks.

How did you find that and it seems like you did it fairly easily. Anyway, it was 5% and it's over 12 weeks, which is pretty much what Coach just posted [except he had 8 weeks; but what's a few weeks among credit spread traders :)]

Awhile back I posted that historically after the Fed signals that there is an end to the tightening the market has an average XX% increase (the time frame would have been over months not immediately after the announcement). I've been searching through my posts and can't find it. I think it was...

Actually, no. I'm only looking to get out before the SET. On Wednesday and even Thursday morning my limited experience seems to suggest that there is still significant premium on SPX options that are 5 to 15 points OTM. But by one hour to the close this premium vanishes. So it might not be a...

Unfortunately, I won't have access to a computer on Thursday. If you wouldn't mind it would be great if you could document some of the SPX option prices in the morning, throughout the day and an hour before closing. Probably ATM, 5, 10, 15 and 20 OTM. I guess once you select those strikes in...

Hart: I'm not sure, but if you wait until the last hour on Thursday and your short strike is 5 to 10 points away, you might be able to close it for a nickel or a dime even if you just have to buy back the short strike and forget trying to sell the long. I know I have done this in the past...

Coach: Would you repeat again, please, what your current positions are?

So, let me make sure I understand. You're saying that the reason is that the front month on the futures is, relatively speaking, further out now versus the SPX than it was in the past when the difference between the two was only 3 or 4 points. Thanks.

Previously it seems like the difference between the SPX futures and the SPX was about 3 or 4 points. This morning it is 9 points. Does this mean anything in terms of what the SPX will do?

Coach: Any chance you might try legging in to a call spread. I'm thinking buy the January 1325 and then if the market goes up it's profitable. If the market goes down, convert to bear call. Given the uptrend this could work. I guess the problem is knowing when to convert to bear call so...

Since I'm going to be traveling this week, I decided to bail out of my bear calls for December. I feel that since I was fighting the trend, I'm lucky to have lost only as much as I did (thanks for talking me down last week, Coach, you saved me a lot of money). Assuming my bull puts expire...

Which strikes are you looking at for January?

Thanks, Donna: I decided to try the strikes you mentioned and just got filled at $0.55.