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I think when u dissect the position that you will eventually end up into expiration, you will end up with 2 condors right? Essentially you are going long 1 condor and legging into the 2nd condor into weakness vs. my approach of legging into the 2nd condor into strength. so why not just have a...

i also would kick it up a notch by replacing the wings with further out wings in case TSLA is quiet after let's say 2 weeks. .. this way you have "charm" working for you. ie wings don't "wake up" as they age so by replacing them with further out wings, they participate when TSLA rips.

i just hate selling teenies and lose dollars. I bet you if you have a way to model out this layered entry and play it out across years, you'd come out ahead by (using your example)selling the 250/255 call vertical.. I know you would've lost in this trade but across years you'd prob come out ahead.

first off, I don't like step 3... you are selling a vertical that is now worth pennies that can blow up to multiple dollars. I would do the opposite.. i would wait for a 15% up move (for the calls) then fade the move by selling the expensive call vertical so if it was a $5 vertical you are...

pekelo! I love stuff like this.. just to confirm.. step 1 is selling the condor which means u r short the wings? IOW, long call and long put verticals ?

IV tend to move up/down weeks before earnings. Google Jeff Augen and his books about this event type trading.

A vendor pays ET a fee to advertise thru the signature line if you look at bottom of my posts.It might revert to mushinseeker this month.

my guess thus far is a diagonal and an embedded call vertical in the upper strikes.

wait. I am confused.. If you already know the answer . Why are you asking?

this could be 2 legs like a backspread (where he chops off the curvature (right side) of the graph or some layered entry where he takes on some delta risk initially then slaps on an extra layer trade 5 days later to raise the pnl graph.

somewhat quirky.. I simulate my trades by buying/selling on the midpoint and occasionally lifting the prices. I found that on some illiquid strikes , I could fire off mkt orders and nothing executes. I think their simulator checks to see if there are any trades around those prices and will give...

Here is my advise... get books from your library from these authors-Lawrence Mcmillan, Sheldon Natenburg. Visit sites like thinkorswim, options industry council, google "options trading" and learn from the webinars,etc. Open a thinkorswim account and use their on-demand to put on paper positions...

Friend of mine makes markets in equity options at the IB desk in Greenwich. He basically said their demise is attibutable to a mosaic of factors - 1) so thick with the HFT firms shrinking the spreads 2)getting picked off on their quotes by nimbler faster firms which is a double whammy - your...

Sierracharts, Amibroker, Investor RT, Ninja, multicharts.. that should give you plenty to start your research.

This is how I approach my backtests and its validation. Let's say I want to backtest the performance of an ATM fly purchase on ETf's that crossed its 50-day moving average. I would create the filters for the 50Ma, create the option payoff that simulates an ATM fly purchase, run the formula on...

El OchoCinco is correct.. kinda like a call vertical and yes.. covered for marign purposes.

Lost in this discussion of expenses/commissions , is the execution routing. I'm thinking of moving some funds to cheaper brokers vs. IB . The SEC 606 reports of some of them is giving me pause... some firms route 100% of their orders to MM firms. I can't envision scenarios how that would...

I would start by creating diff watchlists and then entering your tickers in each list. After that, build the OHLC bars using whatever source you want- just pre-plan it depending on your budget and ticker list. As I told you if you are good with EOD, it is easy, use the Amiquote feature to...

getting div by zero errors in AB not a big deal.. it will go thru and scan...I get it all the time.