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Quickly looking at the position,you are basically long one put backspread with a mismatch in duration( short Jan upper put,long 2 June) financed by selling 10 longer dated September garbage puts(90 buy write,why not be short put) Ignoring the embedded calander/ diagnol you are in the 330- 90 1...

No need for opinions.. I'm going to run a backtest on naked long calls on the Spy vs call spreads. Im confident deep ITM calls outperform ATM,whether it be equal notional or equal Delta.. Not 100 percent on equal delta/premium call spreads..

Nonsense..... There is an inefficiency that exists due to the very reason you think "we" can't compete..

Here is all I feel comfortable saying.TOS is substantially less than IB,and in my time using both,the fills are far better with TOS...

everybody pays the associated "fees"...too lazy to break the down how much are you all in for?

Oh really?? I trade 30,0000 -40,0000 options per month and never noticed :) You know something I don't know??? Whats your all in cost??

Have zero clue as to why it's better..i rarely look to see where I am filled,but often have to check to make sure I didn't put the order in backwards... That's how good some of the fills are..

Not here to bash IB,but as a long time customer who ditched them for TOS, I couldn't be happier. Far better fills with zero commish..

So sad.. When he first came out with Traders Studio, he gave me a free license and tried to help me learn to code.. He was always very generous and patient ... RIP my friend

Why don't you use IBD MarketSmith??? They have a 3 week trial for 20 bucks.... Chartmill may be interesting as well

So out of the money debit spreads are pointless as well (box arbitrage)?? No mention of skew?? What would make you say that?

Not True.. Have you ever traded SPY? Earnings??

How does a "way out there" spread have a Delta of -.98???? I'm assuming you mean -.02

You are very persuasive:)

Guru,you using AAPL as an example for the specified diagnol,but you are not using 100 as the spot price. You are using 126,of course the Vega changed and went negative... which is I specifically said foward ATM...Think bro.. You need to simulate the spread at different dates keeping spot at 100...

What's happened to you.?? Long the Jan 100 put,short Dec 110 put...For the exam,assume Dec expres before Jan.. Simple,unless the Dec put expires 1-3 years AFTER. the long put..(where is ATM foward) You really think a,basic exam would pose the latter

Are you serious???? The question is invalid?? You don't know the simple greeks on a diagnol???? Or are you suggesting since they didn't specify the year, rates, etc it could be a 3 year spread and we don't know ATM foward?? You got me I don't answer as you guys are "invalid" on basics and I...

I am 100 Percent with you Rob,and when you see guys applying for PM and not able to pass a simple exam,you know trouble is on the horizon....

The majority of option traders shouldnt be using PM,especially to have the ability to sell OTM garbage bigger than they could with Reg T.. Your assessment regarding Vega and ITM vs OTM is very loose

No disrespect,but if you can't pass the PM test,you definetly don't want to take advantage of the leverage offered by PM..