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https://www.interactivebrokers.com/en/trading/margin.php#benefits-margin-trading

IMHO, you should not worry about these tiny details. IB feed is more than sufficient and suitable to trade with any meaningful frequency and meaningful stop management. Rather, worry more about the trading methodology: one tick more or less is not going to mean anything in the grand scheme of...

Not much happening today. Just some decay. ES: our FOP: ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650, 497966096, mult: 50] [If next week continues to be so "boring", in case I will rise a bit the "risk" (by introducing closer maturity or higher delta...

ES 1%+ up today (no action): our FOP layer: ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650, 497966096, mult: 50]

ES slowly slides down a little bit. No entries so far on the layer we are following. (A couple of buy orders triggered on other layers): ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] our layer: ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2...

Today, further down 2%: ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] Not much impact on our options and DD still acceptable. Actually, given the low delta, we do need some "unfavorable" movement to be able to "load up" some other sell...

Today the mkt went down a bit (around 2%): ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] here is the corresponding impact on the layer we are following (delta is about -0.02): ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650...

9.14 days elapsed. Still being dragged by the unstoppable current :-) ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650, 497966096, mult: 50] global (all layers): FullInitMarginReq 197835.27 USD FullMaintMarginReq...

Sure globalarbtrader. No doubt it has improved compared to 20 years ago. But if they were students of mine, they would still not reach sufficiency :) The fact that the software needs to be periodically shut down and restarted every night is just totally ridiculous, IMHO. To me, this is a sign...

To me, it happens that every 2-3 nights it gets stuck with some errors when trying to re-login automatically (it spits out some ununderstandable message only some genius programmer could come up with). After so many years still a buggy piece of code. Let alone that, IMHO, there should not be...

Trading proceeds smoothly so far. Not much exciting, but at least it does make some easy money. Drawdown has been negligible so far. (Practically zero, considering that our PNL computations always include also the expenses to close all the current positions (spread, and round-trip commissions)...

So far, some of the biggest advantages of this approach are: - a clear idea of the "worst scenario" - very low probability (historically) of bad scenarios, and worst cases coinciding with large positive exposure in a low market (which may not be so bad after all) - enjoying the protection by...

We may also want to place a "global take profit" rule on our layers, which may dictate when it's time for a rollover to another strike/expiry. For instance when the price < L, with L the desired target price. Now a couple of questions for you, to see if this approach is becoming clear: - How...

The market has been declining a bit (ES about 4460 now): ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] correspondily, our PUT 2650 has been rising a bit (very little because of the low delta): this is obviously what we wanted to "dampen" the...

Update about the layer we are following more closely: ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650, 497966096, mult: 50] Now the bot has closed 2 short "players" [each of 10 contracts] (see the 2 blue circles, representing two buy orders). It is...

Now, exactly 2 days have elapsed since we have started this test. During these 48 hours, we have been grabbing the decay of our options. All is fine so far (apart from the few mishaps with NQ). The summary situation (all instruments) is as follows: Data from IB: Current margins...

update about the layer shown before: ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650, 497966096, mult: 50] For now, I am focusing only on 1 instrument to avoid confusion and to make it more clear that each instrument is a story in itself. (The reason I use multiple...

Hello cesfx. that seems to be a correct description. Also, note that the sell orders themselves are allowed to close (their "take profit" size is a parameter, which, in case, I could set to let them open until the option price vanishes), provided the instrument remains short. [For this reason...

update about the same layer as before ES FOP 20220617 2650 P GLOBEX 50 E-mini S&P 500 [ESM2 P2650, 497966096, mult: 50] it looks like that ES is better and smoother, for the bot, than SPX. NQ is terrible (huge spread, nasty price microstructure)

Hello, traider. Thanks for asking. I am not actually "licensing" the bot: it's more like a partnership. What I do is just let suitable investors/funds (=enough capital in the account to justify my time, and to minimize the possibility of default) use it. Clearly, one understands that...