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Eww Gawd... Shame on me *again*..... I really should be trading, but I looked again at Question 3, and it's a perfectly good question -- I had misread it initially to give the choice between the sale of two different puts ($2,$3??) -- and such a difference either comes from distance-from-market...

No no no -- not at all!!! Egg be all over MY face. I was Bart Simpson in school, and since being a college freshman (admittedly, "many moons ago...."), I have considered ALL teachers as absolute HEROES/HEROINES. And so, to put time=money where mouth is, "anything you need" you just ask. We...

Well! Egg on MY face! AND WAY GOOD ON YOU! (I have taught at a top-tier B-school, a low-tier B-school, a community college, and even, a high school, so YOU ROCK.) BTW, Investopedia SUCKS -- lots of stuff missing, too much stuff ENTIRELY WRONG. If you go to Interactive Brokers (or even Youtube)...

Firstly, SHAME ON YOU for pursuing answers to these trivial questions by quizzing others, rather than actually learning material yourself, and answering, for good or ill, based on your own work. Second, SHAME ON THE QUESTIONER as, in Question 3, there are two viable answers, but they depend (in...

That's high.

Not to be snarky, but why would you be concerned about the platfom, when you're intending to trade pennies? Whether your swimsuit matches your cap, you're going to be swimming in a pool of razor blades.

$$$

I have built a really involved spreadsheet to take IB options data and do all sorts of crafty, wonderful, trade-improving things. Should I "finish" it [[HA!]], I would commercialize it immediately, and charge, roughly, a million dollars for an annual license. The problem with this worthy...

Errrr, you ah may want to think about that a bit...... Jus' sayin'.....

I'll even go a step further: I just don't *believe* in alpha. (Or, maybe and more likely, I can't afford to devote the limited *brain*power* necessary to consider *anything* beyond an acute reward/risk ratio. "Damn! It takes me all day! How do [all these myriad other traders] do it?!?!?")

That's a problematically narrow view of the options market. In classic Price Theory, the foundational idea is that "we can't say" what good or profit or service will come from one expenditure over another, BUT WE DON'T NEED TO, as all of that value is captured in the price a willing buyer would...

Jeez, guys, you're really great and thoughtful replies ARE NOT making this any easier. (I crack me up.......) Re, IBPy -- I thought it was a neat deal, and although I have no knowledge of this, I am guessing it probably inspired the IB-sanctioned Python API...

The Yahoo! TWS_API group has recently been moved to Groups.io. A new thread has just been started, seeking opinions on the new Python API versus others (and even, primarily Java). I have a sizable OpenOffice spreadsheet with which I analyze the option market from data off-loaded from TWS Quote...

The best trading *movie* of all time...... (Besides 'Trading Places')

Make two graphs -- one of your desired strike's LEAP cost against every other available expiry's (including weekly(s) when the analysis allows): price as usual on the vertical, time on the horizontal. to make things really obvious, make a second, of the difference from one expiry to the next...

Thanks, java. Let me pull up a towel around my nekkid ignorance......

Two quick thoughts: 1) Volume -- favor the one(s) with higher volume. 2) Optionability -- favor the one(s) with higher volume. No doubt, you were thinking this already. I just wanted to echo your thoughts. (Sometimes that's helpful. {The voices in my head tell me that, all the time....})

Two quick reminders: 1) That Soul-Crushing job becomes a lot more tolerable, the first time you realize that you're not *trapped* there. So, freshen your résumé, reduce expenses, and breath easier. 2) REDUCE EXPENSES. Always always always, the quickest, most assured, 100% non-taxable way to...

Once upon a time, {blah blah blah, I wuz exercised (long call, or short put, don't remember, doesn't matter}, and on Monday, after a *fantastic* large hit to cash (and me going "What the *hellllllll?!?!?!?"), I realized net liq. was rising. Now, I'm scrambling between portfolio pages and trading...