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This strategy becomes even more enticing in a market with increasing volatility, correct?

I don't have anything for Apr yet. I wasn't in a huge hurry because there's 5 weeks between MAR and APR expiry. I didn't get into anything today because SPX finished close to today's low. I'll be looking for a good fill tomorrow, although probs not an IC. Even if it starts heading south I...

I had much the same experience with backspreads. I grew to hate those very quickly. I've never tried naked puts and doubt that I ever will. But all in all, it sounds like we favor many of the same positions. As I said in one of my first posts on this journal, I think account allocation...

The problem is, now it is a bit more of a waiting game for me. I want to see if we are going to stay above 1295 but time's a wastin' on the Apr positions.

Hey.. at least you got your hedge on.:p

Wow coach, you should join the majors with your batting average. I was waiting for you to put on a bull put so the market would drop and I could get a better fill on mine. LOL thanks:D

So, in general, what is your prefered strategy for each of the different IV conditions (low, average, high)? I agree that there isn't a one size fits all strategy out there. But I will admit that I do like OTM credit spreads because they are lower maintenance (lower commiss. etc..) and don't...

Any experience on whether you might be able to get a better fill on one vs. the other? Have you ever entered a OCO order for the two equivalent positions to see which was filled first?

I guess it comes down to how many times one can adjust before all profits are gone. The one thing that is really tough about ATM spreads is the very high probability of the underlying being close to the short strike at expiry. This makes for a lot more stress. It's unfortunate to close out...

For the purposes of this journal.... This might be a pretty powerful argument for OTM spreads.

Yes, there is a tax worksheet that can be downloaded from ToS. I've never accessed it from the desktop platform so I don't know about that and I'm not at my home computer. But you can get it from their web page by logging in and looking under the my accounts tab > taxes > tax worksheet...

Spent the majority of last week doing R/R analysis of various strategies involving vertical spreads. This analysis might cause me to adjust my allocation of funds as previously described. The main question in my mind is one that has been addressed on this journal before; the idea that ATM...

I agree with coach in that I don't want to make general comments and get someone into trouble. My main point was just that there is really only one significant disadvantage to a C-corp (the issue of double taxation). This disadvantage is non-existent for a growth company. So you need to ask...

That might be an interesting discussion. Having studied finance and business, I get pretty frustrated with the misconceptions out there about double taxation etc. that cause people to set up their business in a way that puts them at a disadvantage, especially concerning taxation. And we all...

I actually created a different C-corp. If you change an LLC/S-corp to a C-corp you have to use the calendar year as your fiscal year. I prefer to have my fiscal year different than the calendar year. Just remember that if you trade a lot of 1256 contracts it might not be a good idea to...

No I didn't elect M2M yet, and yes I trade under a C-corp. I prefer the C-corp to LLC and S-corp. I used to prefer the latter two but have since changed my preference.

Well, I'm not a tax expert (which is the same response that you will get from most people here) but I can tell you that it depends (the other answer that you are going to get here). First off, the SEP contributions are treated just like a traditional IRA. So anything that would apply to the...

Sorry for the tangent. Have a good weekend. Later y'all.

I start speaking french and korean starts spewing out. Talk about embarrassing.

Je parle bien. J'ai etudie le francais dans tout le lycee. Je parle rarement desormais francais. Si j'avais un peu plus de pratique je pensez que je deviendrais a l'aise encore. Mais, Je n'ai aucune heure. J'ai oublie beacoup de vocabulaire. Ainsi, je dois employer un dictionnaire...