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Nothing wrong with trading BAC you just have to watch out for fee's and commissions because they'll eat you alive. At 20K you won't be able to daytrade so a .15 option you sold in the morning may be offered at .03 in the afternoon and you won't be able to bail out of it. I used to trade a lot of...

I'm assuming you're non directional with this trade and you're trying to collect Theta? (if you're trying to be directional there are much better spreads to look at). If so there are four major issues I see with this strategy: 1) BAC is too small. Trade a larger vehicle like GS if you're into...

You can Delta hedge with DITM calls but they're only really effective for small moves in the underlying. If you're really neutral on the stock you're better off shorting the calls and using stock to adjust your Deltas instead of long options. Overall its a really shitty trade for a few reasons...

Some of the fees are but it really adds up especially if you're trading a lot of contracts. Routing directly is totally impossible if you need to work an order.

I'm really not interested in some nitwit telling me to just hit the bid or lift the offer. I trade a lot of contracts (mostly in RUT but some weeklies as well) so I like to work an order a bit depending on a number of factors. Any ideas would be greatly appreciated!

Dont overcomplicate things. If you're bullish (or bearish) on something do a synthetic covered call (or sell a naked put or a put vertical if you're comfortable with your risk management). Short the front month call and buy a 75-80 Delta option 1-2 months out. Be careful with leaps since...

Dont overcomplicate things. If you're bullish on something do a synthetic covered call (or sell a naked put or a put vertical if you're comfortable with your risk management). Short the front month call and buy a 75-80 Delta option 1-2 months out. Be careful with leaps since volatility will blow...

That is EXACTLY what I was looking for. Do you clear through anyone on their list? Thanks for the info by the way

I meant to say clearing firm not introducing broker by the way

Livevol has some cool features but I would like a platform I can do everything from. Rediplus would be great but I'm not sure I would qualify for an introducing broker like Goldman yet. I've started working on my own application but with C++ It'll probably take me at least 6 months to have...

I'm pretty sure this isn't a "real" thread and this dude is just looking for attention. But if it is real I'm pretty sure I recognize you. You're the dimwit I take money from every day. PLEASE keep trading futures

I'm talking about using the Vol trader application on TWS to directly trade IV in relation to Delta with an index (it has a continuous update feature which is pretty cool but like I said the interface isn't robust enough for the way I trade). I can always get a quote for volatility on an...

It really comes down to which strategies you use and your risk tolerance. Predicting where vol is going is impossible for me but when RVX hit 30 this month I wasn't buying calenders but I was selling verticals like a madman. Nothing is linear in options so think of volatility as synthetic time...

Its actually a pretty good application but you can't trade indexes using it (I only trade RUT & equities so I'm not positive about SPX or NDX) and a lot of times you cant get a quote on spreads. I generally leg into all of my trades so I can route to the exchange I want but if you want the...

I was curious if anyone is using a platform where you can directly trade volatility as opposed to price. I currently use Volatility trader through IB but it's a bit clunky for some of the spreads and ratios I trade. I've looked at Silexx and Cyborg but the only thing that comes close to what I'm...