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Ha, thanks Handle, you got me to add something else to my watch list. Will probably be getting myself in trouble soon enough.

So if you own a stock, its ok to sell a call. But whatever you do, don't sell a naked put. Is that your advice?

Bob, my understanding is you can if you route a bid to one exchange and an offer to another. Is that how you understand as well?

Great story, thanks for the post.

Currently SPX monthly AM settled options are treated differently then all the other SPX options. Brokers hold orders that are displayed on the screen, so it is possible that you may not be filled for some time, even when paying the offer. Also if you are a "professional" your orders are routed...

http://www.cboe.com/delayedquote/quote-table Not real time, but good data

$5 is what I currently pay per strike, no matter the number of options exercised/assigned, in cash settled indexes.

This can be a big issue, even for a consistently profitable trader, depending how you treat your income. If you elect to be an 'investor' on your tax return, the bank may not look at this income. Smaller, local banks seem to have the ability to look at the bigger picture and approve a loan here...

Ahh, That's too bad. Wonder if this is IB specific. If our resident expert, Bob Morse, could chime in if this would be the case with his company?

Wow, that's crazy. If you can change your account to a PM account, you wont have to worry about this.

I don't think it was misleading at all. I was seeing the correct quotes on all of my platforms.

Also seeing no bid, ask at 1.05. You can see there is an issue as the quote your snapshot is showing is a locked market, 1 bid at 1 and 1 bid at .95

5% move http://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html

XIV was just trading 35, after closing at 99. Crazy

I see it down big after hours, are you sure there was a split? Where did you see it?

So, the prices I see for the straddles at the close were, Amzn, 83.50 Aapl 7.20 Goog 54 Their movement after hours so far are Amzn up a high of 89 Aapl up just under 6 points Goog down as much as 60, but rallied back quite a bit Overall the options did I pretty good job of predicting the...

Ha, just a quick check at my 215am bathroom trip.

Ha, that's why there are opportunities there! The SPX options market between 2am and 815am et. When something is mispriced no one else is there to sell or buy.

The answer is no, Bob, you can no longer day trade! I have a small account here mainly to trade overnight options in the SPX, as they are the only ones that offer it. When I traded some futures recently, the margin used for them brought the account below 25,000 available, daytrading was...

To add a few things, Follow @tommcginnis's advice to exit the position. Start at a price where you are selling the put and stock with about a .10 premium of the put over the price of the stock. For example if the stock is 12, you would put and order in to sell the stock at 12 and the put at...