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Thanks for the suggestion but that's not applicable here. The one with 98 cents commission per contract is in the penny pilot program and the one at 21 cents per contract is not and tends to have low liquidity and wider spreads. Any other possibilities?

After 20 years or so of letting my broker route orders, I'm wondering if it's time for me to figure out what I'm doing. :wtf: For two of my stocks, this year I've traded several hundred contracts in each. The average cost per contract for one is 21 cents and for the other it's 98 cents. In...

He must be an accountant :D

I don't know if there's much 'secret sauce involved in a backspread. It's a limited risk strategy comprised of long call(s) added to a bullish spread or long put(s) added to a bearish spread with a maximum loss at the long strike. You want to establish it for a credit so that both sides are...

"Sweet Bobby is still in business and I'm up $204.00 on the day." Geez, you're the Jesse Livermore of Elite trader. I've have long SPY puts, only one of which made more than that. When I grow up, I wanna be a legend like you, in my own mind.

Maybe you need to find a hobby ?? :)

Options trading involves weighing the potential reward against the potential risk along with associated probabilities. All I attempted to do with my IBM example was to explain to the OP what he gets for rolling his short put when it's nearing ATM versus the inferior result if he waits until...

Geez, 3 days off? I gotta learn about trading foreign markets :D

Misc to et al: 1) Not that it's really very 'impotent' but I'm surprised that no one chewed out my ass for the bad math. It should have read: Now suppose 1 minute later IBM dropped $2.50 and your put is now $2.50 ITM (with no change in IV). The $155 put would simulate this. Now, the roll is...

I was tracking the 25-30 Fidelity sector funds, calculating the one week, one month and 3 month ROC and posting the results manually on graph paper scotch taped to the walls. My 20 year old Phillips B&W TV was my monitor. Yep, so long ago.

"But you gotta stop some of those left hands." ~Joe Gould You see any getting past my head?" ~Jim Braddock Same training academy?

Your contribution is about as useful as the poetry I was forced to read in high school.

I bet that my Commodore 64 is much cooler and safer than your Atari 800. I mean, how can you beat a cassette tape for saving data ???

Here's an example to demonstrate your dilemma. IBM closed at $152.50 today. Assume that the closing quotes are accurate and that you trade at the market (though a roll spread order should do a bit better). Suppose you are short the 3/29 $152.50 put which closed at 94 cents (ask price for...

So basically, what you're telling me is that all I need to do is to find someone who can tell me if we're in a bull or a bear market??? :D

Just guessing but is there any possibility that there are special considerations imbedded in the warrant?

What does the graph look like for the previous 10 years, including 2008 to 2009 ?

Do you really mean to tell me that someone with the word "Options" in his name isn't spewing the holy option gospel?? Say it isn't so!!! :(

Unless it's a gap down situation which prevents you from acting, the time to consider adjusting the short put is before it goes ITM. If it gets ITM, the time premium on both options shrinks as does the net credit that could be had for the roll. Don't fixate on the amount of TP remaining in the...

Minimum margin maintenance requirement is just that... money to protect the broker from the speculator.