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Agreed. I wish others would also understand the crux of my point. It's not the liquidation itself (as noted in my OP) but the lack of sophistication of the automated process in understanding the max value of the spread.

What am I hiding from? I expected to be assigned and exercised in the worst case scenario. In a better scenario, I close the spread for anything less than $30 which I intended to do going into the close. I have zero issue with the act of the liquidation itself. I just would have thought it...

I didn't close earlier in the day because both sides were ITM with AMZN trading >$967 most of the day and was away from my computer. I was expecting the legs to be exercised/assigned as had been the case many times before. Another thing they could have done was to force exercise my long leg...

Appears to be simultaneous separate legs.

I understand using a market order for products with undefined risk. But one would have hoped their algorithms would be sophisticated enough to understand that the max value of the spread is $30.00. I guess that would be asking too much of them.

I was filled 5 minutes prior to close. From a customer service perspective, it would have been reasonable to start with an offer of $30.00 and penny up vs simply a market order on the spread. I wonder what their threshold is for doing this from a pin perspective as I've let many spreads simply...

Going into the close this afternoon, I was short a May 930/960 call spread in AMZN. When I logged in near the close to close the position, I discovered that the position had already been closed for $30.55 (likely at the natural?). I'm not fussed about the auto-liquidation itself as my long leg...

LOL. An unintended double entendre. However, I would agree with the vertical approach.

A little bit surprising. What kind of deltas are you carrying?

I remain long some March contracts and March 17 2360 calls and 2370/2385 call spreads. March contracts are currently 2383. I'm going to hold through settlement in the morning.

Here's a link which shows the deviation between the Special Opening Quotation ES and the cash open. There seems to be a bias towards a positive deviation. I'm currently still long March contracts and am debating just closing today vs. settling with SOQ in the morning. I'm not planning on...

^ There's a difference between marginal and average tax rates. I don't see how you're getting a 45% average tax rate on $160k in any province.

The taxtips table include all the surtaxes. I'm in AB, so my rates are slightly lower than ON/PQ. I haven't done the math, but even Quebec shouldn't be that high for $160k. Another big difference between the US and Canada are property taxes. In my city, property taxes are ~0.3-0.4% of my...

What province is this? 45% on $160k seems a little high. My calc is an average tax rate of 33.7%. http://taxtips.ca/taxrates/on.htm

This up move is now over--because I just turned long. I legged into a Feb17 2340/2350 call spread this morning and will continue doing this with the weeklies (Wednesday and Friday expiries) until this run is over.

It's definitely tough. You can look out for calendar opportunities but even those are tough on index products given term structure. Skew is still there so you could go diagonal by lowering the strike on the short side. There are still some opportunities on individual underlyings but the key...

Sold Feb03 830/850 strangle for $31.70

https://www.interactivebrokers.com/en/software/tws/usersguidebook/realtimeactivitymonitoring/alerts_and_notifications.htm

I would just close this position if you haven't already.

ES just cracked contract high of 2277. If it retraces to 2270 over the next 1-2 days, I will add to my shorts. If it continues up or holds, I think it can continue.