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Been reading trying to find an explanation of the long buttefly. It seems to be the lower is a credit spread and the higher is a debit spread. Can you confirm this for me please? Two sold options are ATM.

Far as I can see, a long butterfly is looking to capitalize on two things. 1)The contraction of the premium and 2)some time decay, over two days? Then you buy it back cheaper? That is eight commissions and whatever bid ask spread. That is a lot of expenses to overcome. The...

The building part I didn´t follow? Am I looking at a debit spread and a credit spread opposing? Either in CALLS or PUTS?

Richard Rhimes I really appreciate your comments on the butterfly. Sunday morning and was just looking to see more on it. I thought your contribution was outstanding and informative. Very helpful to me anyway.

I have a lot on my plate, and believe I have downloaded the desktop before? Will check. As I recollect it was different than the web based and required a longer learning curve for the platform Squeezing in the time to learn another program fills me with reluctance. But will take another...

Hey Ryan We know your trading. Whaaaat hopppen mon? Enquiring minds want to know.

Looking at the long butterfly then. Been reading up a bit on it. Will do more over the next two weeks. Trying to figure out the trade timing. If I understand it right, you are looking to gain in a collapse of volatility, as the sold premiums contract. Presumably you would...

Thankyou for the assist Babu. I´m traded out for the weekend. Mentally wiped out. Going to look for a plumber shortly to fix the bathroom sink. I have no tools here. Then maybe the Chinese grocery store for bread and a package of boneless chicken breast. Wife went back to the hills...

FINALLY able to get into the TOS Paper Trading website this Saturday a.m. Seems I CLICK on the ASK price for the FIRST MONTH to establish the CALENDAR? Made a note of it. Hope I´m right, as I want to CASH trade a CALENDAR this coming week?

Well having had time to think about things. Re- my calendar entry mistake. Think over the weekend, I´m going to zero, or reset the TOS paper trading account back to $100,000 and enter and exit a few times the calendars, for practice and rehearsal, so I can do one in cash next week. See...

Seems I did wrong on a Calendar entry on one of them. I believe it was the 68 Calendar. Instead of selling the March and buying the June, I did the opposite. I suppose they are still running? Being paper trading, I can just re-start the account balance. Guess I´m not going to trade...

I am not sure what is happening on paper trading in TOS The balance is fluctuating. At any rate, I thought I closed both Calendars ( my first time ) The March 68 and June 68 It says: Sold 1 Calendar QQQ June 12/March 12 -68- Call at $1.78 The March 67 Calendar QQQ April 12 March at...

For the newbie traders. Paper trading in TOS is intended for people to get used to the platform and practise entering and closing different orders and stragegies. The information is 20 min. delayed, so the prices are not at all accurate, what you could expect in real money trading. Plus they...

Thankyou ATTICUS I´ve read it three times already and going to have to read it some more. To absorb the intricacies here. Wish I had brought my printer with me. The advice not to adjust then, is worth it´s weight in gold I presume? I´m going to take a break, go do some other...

I´ve heard about IB commissions. Before I do any changing anything I have to learn to trade with success first. With a growing equity balance. That is not true at the moment. Changing horses in mid stream in a raging torrent is not recommended. Forex forex. I do believe you will get a...

Forex forex How does the math work out on this? .80 cents for the trade, $60 for the commissions? PUTS Expires tomorrow? That should be interesting. I´m looking to buy CALLS next week.

I suppose after a couple of weeks and I get into trading Calendar´s with any success, I shall have to learn how to do risk control through gamma and vega adjusting? At the moment it is just a cloud on the horizon threatening rain. I haven´t yet a clue!

Okay I´ll bite? With one contract as a test, I´m long THETA and short Gamma. What does that mean for me to do? Far as I can tell, my trade is making money? The 67 QQQ calendar has widened as a spread from 51 cents to 71 cents. The 68 QQQ calendar has widened as a spread from...

My two paper trade calendars this week, seem to be working out as planned. One the front month is looking to expire at zero and so $128 less $15 costs would be gained. The second calendar I´m not so sure about. The front month still has considerable money in the front month that was...

Iceman, or anybody else into trading. I´ve got a small dorm, left over from my Hostel runnng days, with a community kitchen. You buy your own food, rent your own car, you are welcome. The dorm has 4 bunk beds and bathroom. My grown grandkids stay there whenever they come. If you are...