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"Paper trade." And LOTS of it. Get on it, man.

That's one sentence. And I can't tell whether you own a future, a call credit spread, March or June (or what?!?). A put got in there somehow?? {click bait.}

For a topic which should garner a host of good and thoughtful replies, this one seems to have attracted unthinking, knee-jerk posts like flies. I'll bet it was timing, and most of you had not yet had your coffee. That's okay.

Oi. Reading that, I feel like I should rush off and re-create my SPX set-up in ES-land, just so I can 1) respond appropriately, and 2) *participate* in the fun. Tempting....

So *that's* Limp Bizkit. I just missed 'em (and the whole Thrash Rock thing), but always loved the name. A damn sight better'n "Poison" or "MegaDeath" or WTF-ever. (Actually -- that sounds like a great band name right there:"WTF-ever."....) Anyway -- lovely tune. Meaningful. And applicable...

"Realized PnL in base currency" ?? It's right there. Always was a fine thing to see shining green when I was a tick scalper. (Not that it was always shining green, but when it was shining green, that was always a fine, fine thing. ... ... I need more coffee.)

[click bait] {but then, I bit.... sheeesh.} The total customization ability of TWS. I don't know of many that are the same -- and some are not close. The data/columns/set-up you choose are all aimed (or *should* be aimed) at sharpening the scalpel which is TWS. Add that to 1-touch...

Not understanding the preface, I'll answer like this: "totals of an options trade are equal to price of the transaction x operative option multiplier x number of contracts ------------------------------------ gross credit/debit - any extant ticket charge ("Do they still exist?!?") -...

Think you're getting stupid answers? Stop blaming those who take the time to respond to your (glib, inane, or ignorant) question; blame the question(er). You've read books? Go re-read them. Do your own homework. Sheeesh.

Noooo, nothin' like that. But I loved your description. It seems though (in all seriousness) that the OP's query has gotten responses that, when taken together, describe something like a U-shaped Laffer Curve where, with vig on the vertical access, you pay more with individual strikes, least...

Depends on the day, depends on the market, depends on the spread. I have *generally* found that legging into or out-of a vertical will cost me $$ *or* cost me lots of time/attention. "Paying the vig!" If I'm doing a broken-wing butterfly, I *generally* enter as a complex combo, getting either...

I do not favor the irrational exuberance we've been seeing, but I don't think that it's over by a long shot. [I'm guessing that half of the post-election US market climb is based on re-regulation, and half on tax restructuring.] I think that half of the climb is in danger. What we have now is...

"The parrrrr-ty's ooooooov-errrrrrrr...." (Sez the TRIN.....) Oh, well. Maybe I'll get lunch.

"Phew!!" Avoided a short squeeze on top, AND managed to 'not sell' on the bottom. And with vol climbing ("8.7???" Nooooo! 12.77 in the VXST, and an inverted 12.31 in the VIX!!) it's time to get busy on the bottom at least, if not on top, too. Hoo boy. Well, I wished for a tide, and here it...

the spreadsheet illustrates precisely what it illustrates. (And, it blows my mind.)

THE. MOST. "counter-intuitive" thing?? Hmmmmm. There are a few candidates. But the one that blows my mind, every single day.....

Too random. {sniff sniff sniff} Click bait.

Strikes are $2.50 apart -- that would explain about 100% of it. If you needed more "hey--this is expected behavior..." there's always the turn it made from downhill into $9.13 or so, upwards to current price. When did that occur? March 9. Mr Market has also bought May and June $20s. Would make...

So, to "predict" the S&P500, I choose from 1y, 10y, 2yr,.... etc down that list? So, I'm choosing the path {a,b,c,...,..i} by matching-or-lagging {a,b,c,...,..i}?? I'll take another look right now..... but it sounds like a lot of trouble to compute an MLE of a minimized-differences surface...

Blah blah blah. You are a child, seeking a bogey man. You are wetting your pants. For nothing. If you can wipe the bile and spittle from your eyes, your reading comprehension may ("May!") markedly improve. That is all.