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"However, I do worry about an HT latching onto this simple logic and then deciding to make 1/4 tick profit by ping-ponging my algo back and forth across my level continuously until my algo surrenders from lack of funds." Jah-HEEZ-zuss, man! If that's your worry, get off of ET and get busy with...

Except that the opposite of what he said, genius.

Yes it is; yes it is.

That last line,.... "But listening to the nonsense so often said about these products is enough to make one hot under the collar. And sweat!" Yep.

I would specify a really cheap one, too -- cuz you'll soon be throwing hard, solid objects at it every 15 minutes.

Suicide. Any gains are frozen, while all (market) risk -- on both sides -- remains. If the market climbs, A=$0, while B's negativity grows in proportion. If the market declines, B=$0, while A's negativity grows. The bet you're laying is that the unlimited *bi-directional* liability to which...

FWIW, this discussion could have been on the SPX, for what I've seen lately. Even with some gyrations, and little pops in VIX, there still seems an extra bit of stingyness out there. I have spent a lot of time trying to load up on Apr19 SPX, as I don't like to work the ridiculous b-a spreads of...

More to the point, much much *much* more to the point..... You should consider what errors and misaprehensions you've posted in your first 6 posts on ET. Once is not a crime to be wrong or anything, but sheeesh buddy, you've dragged this out for 5 more flights of whacko. Just.... quit. Read a while!

So, risk-adjusted* (the term of the day?), his returns ~49.999% Man! What is he thinking?

As an antidote to the grossly inaccurate (or outright wrong) characterizations of option trading that have appeared in this thread thus far [*most* of which comes from persons who self-identify as non-traders or as outright flunks], I'll give a shot at another "option-trading do/don't" as...

I can't sell *squat*. I was trying to sell the big Apr20, but screw it. I'll go with the Apr28s -- they're pretty fat, regardless. I've usually gone the day in front of the Monthly (Apr19) and made out pretty well (good prices on lesser bid-ask spreads), but the difference between Apr19 and...

With all (very) due respect to today's floppitude (which has raised vol {"Yayyyy!"}, try selling something for Apr20. SHEEESH.), your statement is still, and unrecoverably, wrong. What makes a credit spread profitable is having position theta>position delta|time, regardless of direction, timing...

There's a bucketload of slop in this thread. I blame the weekend and a quiet market: too many bored and unfocused people. "Coffee, people!! C'mon now!"

No. You wrote, "On a credit spread, being wrong on two out of three is still a winner." "Is still a winner..." is a wholly unqualified statement. Had you written ...might possibly/could conceivably under the barest of circumstances on the rarest of occasions...... then it might not mislead any...

Okay, let's just not post before we have our coffee, eh? ET180 wrote: "I sometimes sell a credit spread or iron condor which involve buying options. However, those trades have negative delta so I consider them to be selling." +++ call credit spreads will have negative delta; put credit spreads...

I think some solid earnings numbers are a'comin' in. We're up ~3.5pts now to 2356 -- my instinct says "Stand pat!" for now, but I'll go $1 on 2360 for today's (Monday's) 4pm ES close.

Risk that was once borne by the market as "IV" is now borne by you and I as a scarily market-responsive margin structure, that may change by the week, not by the season or year or more. And with margin being a few keystrokes to change/modify/*raise*, it should be no surprise that margin is now...

"Yes." (Which is to say, 'Take your pick. It doesn't matter; they're not mutually exclusive; in fact, they're mutually reinforcing.')

I doubt you'll say that in a year or two.

I doubt it is anything besides a corrupted run file from IB. Were it a data issue, the prices would be changing along with the color. Were it a broader software issue (as per, a bad TWS release), the problem would be broadcast. I'd give a dollar that if you delete/reload TWS, that there is a...