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I went ahead and lightened my stock ETF load today as part of a rebalance. Now if everyone did that it should be very interesting tomorrow...

Looks like everyone's trying to access IB's account management all at once. :D

So here it is March 1 and I'm still subscribed to the US Value Bundle.

I tried that tool but I didn't find it helpful. I'll just let the vulnerable subscriptions get canceled and figure it out tomorrow morning.

Top Step Trader

My IB commissions are tens of times more than whatever data fees I use.

If you want physical gold just visit your friendly local PM dealer.

Since I can't figure out what I need I'll just let the data get canceled and see what doesn't work. (Well, I do but I can't map it to a particular set of checkboxes) Data subscription changes happen almost immediately anyway.

Type 2 maybe, but for Type 1 I doubt will make a difference. I knew a Type 1 diabetic whose pancreas was destroyed by an autoimmune disease (very common). Any attempt to transplant healthy pancreatic tissue would fail because of the underlying autoimmune disorder.

Also you need to stop shorting a bull market.

Given the underlying's volatility, calculating the probability of it touching a price is straightforward. Calculating the probability of the option's price touching is much more difficult. You'd have to predict what the IV will be between now and expiry for one thing. The option price is...

Here's the list of IB's servers. Copy/paste the address you want and ping away. http://www.interactivebrokers.com/cgi-bin/conn_test.pl

Roll up one of your shorts or roll down one of the top longs.

It's all I can do to not make a joke about where it's tattooed. :D

No they don't, at least not in general. Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss) You have to mathematically work out the expectancy for every candidate trade. If the IV smile is flat then credit spreads work more in your favor. If the IV smile...

Ironically it's actually safer to daytrade stocks and ETFs because it would be $1/tick of movement for a 100-lot. PDT rules force inexperienced, undercapitalized traders into futures where ES ticks are $12.50, YM and NQ are $5

Get more money Don't do more than 3 intraday trades within 5 days

Yup the safest way is to take off the short when you have, say, 80% of the credit. That way you're not sweating blood on expiration day while getting cooked by gamma rays (pun intended).

You have to take each proposed trade on a case by case basis. Premiums (i.e. implied volatility) can be higher than indexes depending on what's happening with the company. High IV companies carry higher risk for option sellers but the higher IV also pushes away the 80% probability shorts you'd...

The reward:risk sounds about right for credit spreads. Delta is a proxy for the probability of expiring in the money. So if you're planning on not managing these credit spreads (i.e. let them all expire) that's your probability. If you're going to manage the spreads by buying back the short...