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no it's minus, you sell it at 1.98 and bught it at 1.9755, so you have a gain of 0.005. You paid 0.03733 for the premium, minus the gain of 0.005, and that's how much you lost as the option expired worthless atm. all these decimals is giving me a headache, will use some simple numbers...

i play with options on es futures. My backtesting was verry simple, going back 7 years, find the begin/end/high/low price between the 2 consective expiration dates month by month, then find how many months (out of 84) has a movement greater than 100 pts by expiration, 95 pts? 105 pts? etc..draw...

I am not too familiar with fx, but assuming the position size is the same. You can do the following. at expiration: if underlying > 2.0128 ( 1.9755 + 0.03733), profitable -> unlimited if underlying = 2.0128 breakeven if underlying < 2.0128 max loss of 0.03733 - (1.98 - 1.9755)...

i was with you until that point, is it a typo? because we are in a recession now. :confused:

shrug doesnt change anything, still bullish and expects another rally, the technical is fine. But if it breaks below 1340 (ma20 and ma50) convergence, then i am neutral. If it breaks below 1320, then i become a bear. Has nothing to do with ego or magic ball predications, just go with the market.

why are you guys so harsh, IB is bulky for new users. Yeah one of the trick that really confused me was IB by default disables some of the key feature/columns, so even though you are at the right confgure screen it still wont show you the availiable option to pick until you enable them from...

sorry i dont understand, if the price (ask) was hit how could noone wants to sell it? Doesnt ask mean someone is selling at that price? (i am trying to close a short call spread, so buying the call spread to cover) Also it's not a all-or-none order, so it should executed at least partially...

Bull Spread: (1) ESJ8 C1400 - (1) ESJ8 C1450 It just executed my trade. But geez that took a long time, i still like to know why it didnt do it when the bid = ask.

Why wont it execute my limit order to close the call spread when my limit price is hit!! It just stays like that until the ask moves out of the range again...I even tried to increase my limit to match the ask, and it still wont execute...wtf am i doing wrong.

one counter to the current uptrend is the solid double bottom currently forming on vix.

No you are the one that is not getting it. With the exception of a few, all the banks will need to start raising cash to cover the additional writedowns. What C did was raising cash by selling its illiquid asset, this accomplishs 3 things right off the bat 1) clean up the balance sheet 2)...

what are you guys smoking? 90 cents on the dollar is EXCELLENT given the current liquidty and market situation for those products. Citi basically just unloaded a truck full of garbage and only lost 10% of what it paid. Of course the stock is going up...... We will see how this plays out...

not to mention writing otm naked put will get you nuked by margin calls if the stock has a quick gap unless you can fully cover the underlying, even though the stock could revert right back up and end up being a winner at expiration. Look at when leh dropped to 20...how many accounts writing...

looking at the sp500 chart, technical strongly favors another upward spike after a week of consolidation and bullish outlook despite the daily bad news. I am looking for a move up very soon, probably by next monday latest. Then you have options expire week, which is anyone's guess what...

i noticed that too, writing otm naked contracts in IB requires significant margin. I just play around with the Check Margin button using a spread usually with the long contract 50 pt out of the short. Pretty stupid, for example when ES was at 1300 with juicy vol, instead of writing a 1150...

Again those are rates for equity option contracts, not options on futures. IB charges $0.7 + exchange fee per contract with a min order of only $1 required. It is significantly lower than TOS. For options on futures, it's $1.7 all inclusive for the es mini options. Does anyone know how...

While i admire your optimistic outlook on life and society, it still doesnt change the fact that you live inside a bubble - the pleasantville fantasy land. For every Stan Oneal, there are tens of thousands that failed and live a life in the ghetto and violence. Also Stan ONeal is hardly a...

does anyone know the commission TOS charges? most brokerage including IB charges more for options on futures than normal equity option contracts. I am going to have a case of MAS ( multiple account syndrome ) lol, already got 3 open accounts in 3 different brokerages.

But if the underlying moves heavily against you, making one of the leg DITM. Your loss will be greater than a normal same month IC due to the other leg.

probably want to wait at least a month or two after TOS rolls out the options on futures to let them workout all the kinks first. Also their commission seems expensive compared to IB. The Options Spreads -> Generic in IB is just awesome, it lets you package anything you want into 1 trade with...