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Well, frankly, I have difficulty making sense of what I read. It may be in part related to the fact that this is not my native language. I will answer only a few things that I understood (about 40% of the post, and nothing of the "logic"), while for the rest, I collect below what I have not...

LOL, where is Overnight? ... the Stranger said that one should be opening both legs... in Panama... "The Dude abides" :) For the contemplated 2 weeks' short options the"flat" stuff happens (equally in ITM or OTM) in a relatively "narrow" range, practically unusable for the purpose (Δ...

In what you described so far is no such thing as "as the market moves in either direction you win on one leg". I think there is some missing here. You either described something different from what you actually have in mind, or I do not know what you mean. In order to clear definitely up all...

There is no road either :-)

The "longs" are still PUTs here (we only have PUT options). So well, if there is a (negative) "santa rally" towards a very low price like 2700 or so, we are going to break the bank and shutdown everything :) (But it's a very very slim, extraordinary, possibility :))

haha, Well, we should run the show until we give it all back to the market! Isn't that what many ET spectators are waiting for, after all? :-) What do you suggest Overnight ? :-)

End of the week with a holiday-shortened trading day. We end the week at 342K PnL (298 days elapsed), even though we have a lot of $$$ invested in "protective structures" (the 3 long red columns in the chart below). We can see that the long legs are "costing" us respectively: -19.9K, -24.1K and...

Ok, I begin to get the picture. So we are talking of continuously moving across countries in time like a fugitive just to save on taxes :-) Well, sure I am not familiar with that and it is, and will remain, certainly "out of my depth" :-)

I get that he is possibly doing this not as a trading strategy, but to save on taxes. However, the two charts only show that whatever he is planning to do with ITM options he can do just the same, and better, with OTM options. Since he was so concerned about the spread. It is immaterial how he...

Hmm, trying to understand. Assume we have 2 accounts, say one is in Panama, and one in Switzerland. Say I make money in the second account. How do I "pull the profitable leg in the tax heaven" and vice versa?

Hmm, thank you. But I am still probably not getting what is the advantage of the proposal. How do you guarantee that you gain in the specific account subject to no-tax jurisdiction and not the other way around? Unless you can just somehow "swap paperwork" at will, I do not think that is going...

I am not clear on your actual goal and in order to understand you should provide more precise info on what you are doing and why, or else it's difficult to say anything. Usually, I work with investors, who, in practice, find ways to not pay any taxes at all, and therefore my concern is to make...

today is a holiday anyway (https://www.tradinghours.com/open?)

I would not make this trade (unless there are specific reasons). It depends all on your purposes, which so far people are just trying to wildly guess. If instead, you like short options for a systematic long-term profit in a safe non-suicidal way you may consider my algorithmic approach...

ok, since I am getting so many requests, I am just making a public download page. Feel free to get it, and in case report whatever bugs (or whatever request for more features): "OPS - OPTION PAYOFF SIMULATOR" (no limits on the number of options)

We got all set. Ending today before the holiday with quite a low fund usage (45.49%), just prepared for anything :) Actually, one needs to be planning and set up for the worst occurrence every day, to survive the market :) Ending the day at 341K profit, and with 3 long legs (deep red columns...

I am not paying for any data. Just the free US bundle (waived). Top of the book. Nothing fancy or special is needed. I am just using reqHistoricalData() for the historic data. But for your purposes, you do not need that. Just get the real-time tick data. Don't get too fixated on the spread...

ES has been going up for about a month now: ES FUT 202303 CME 50 E-mini S&P 500 [ESH3, 495512572, mult: 50] at the same time, we have defined a few "long legs" which currently are in DD, but that would provide good protection of our PnL (345K at the moment) in...

LOL! H24 FOPs are the way to go

crap numbers ? I am currently connected to IB and receiving real-time quotes for any instrument (I am in Italy). For instance, this is ES FOP 20230519 4100 P CME 50 E-mini S&P 500 [EW3K3 P4100, 557297707, mult: 50] (a PUT option strike 4100 at CME, spread value $75) (real-time tick data of...