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  1. stevegee58

    Selling puts and calls one week out on ETF's

    I was probably being too specific but in an IRA at IB you can sell naked puts but with margin requirements just as I described. i.e. same as long stock
  2. stevegee58

    Selling puts and calls one week out on ETF's

    The margin required for selling naked options is generally the same as buying the underlying. So theoretically one could do this without a margin account at all as long as you have enough cash to cover the max loss. e.g. You sell a put on 1 $70 put for 0.60 on QQQ @72.58. The max risk is...
  3. stevegee58

    Dog lovers

    Is that a yarmulke on your dog? :cool:
  4. stevegee58

    What's the deal with the futures always drifting higher?

    The midnight rally crew is still active. :cool: http://elitetrader.com/vb/showthread.php?s=&threadid=47055
  5. stevegee58

    premiums on Calls of SPY dwindling..

    Premiums being excessively light present opportunities just like excessively fat premiums do. If options are cheap you buy them outright.
  6. stevegee58

    If ya cant beat these,u really shouldnt be trading at all

    The chartgame.com site was much harder and appears to use real historical data.
  7. stevegee58

    If ya cant beat these,u really shouldnt be trading at all

    That's a valid question but I don't know how to answer it exactly. I used basic PA for entry and exit. I'd look for sudden momentum and wait for a dip. Or look for range and consolidation breakouts and wait for a dip. If recent support or resistance was broken after entry I'd exit...
  8. stevegee58

    IB Notice

    I also get these routine IB emails every year. Just make sure that when you get emails like that you log in from your own bookmark; don't click email links. This is a common ploy to steal login credentials. I get emails with fake PayPal links all the time wanting me to click the link and...
  9. stevegee58

    Favorite Single Malt

    I've been tearing through the single malts over the last couple of years. Got another Laphroig tonight and I can't wait to try it.
  10. stevegee58

    bull call spread - if markets closed, how do I know if I need to exercise

    When you get assigned on a short option I believe they'll exercise your long to meet the obligation of the short assignment. In the case of a bull call spread you'd only be assigned if the market is above the short strike in which case you're at max profit for the spread. In other words as...
  11. stevegee58

    If ya cant beat these,u really shouldnt be trading at all

    I played the metals game through July and finally got the hang of it. All I did was let my winners run and cut my losers early. Surely real trading isn't that easy, right?
  12. stevegee58

    If ya cant beat these,u really shouldnt be trading at all

    Coin toss and Martingale.
  13. stevegee58

    Skateboarding

    My god back when I was a kid back in the 60's I broke my leg bicycling on a Friday night. I had a looooong wait before being seen due to all the broken wrists/arms in front of me from skateboards. I do remember those old skateboards. They had non-steerable steel wheels bolted to the bottom...
  14. stevegee58

    Home Defense Shotgun

    Just my opinion, but I'd steer clear of pistol grips and other "tacticool" features. I use a stock 12 ga Mossberg 500 with an 18.5 barrel for HD. Well I haven't "used" it yet, but it's what's available. Also, the ammo I've stocked is #00 buck in 2-3/4" shell. They fire 9 large lead pellets...
  15. stevegee58

    Home Defense Shotgun

    You may very well damage your hearing but it's better than being dead.
  16. stevegee58

    IB Data Feed - can you explain this?

    Suppose you get 1 trade every 5 minutes and you're looking at 1 minute bars. The bid/ask might be changing every 10 seconds but it doesn't matter. Every minute a new bar will be generated with the open and close equal to the previous bar's close until a new trade changes this. It sounds...
  17. stevegee58

    IB Data Feed - can you explain this?

    Options are relatively thinly traded compared with their underlying. Some of my option positions are so far OTM that they might get 1 or 2 trades/day but the bid/ask moves up and down constantly. I'm really sure that price bars have to have > 0 volume to be anything other than a "-" i.e. an...
  18. stevegee58

    IB Data Feed - can you explain this?

    Aren't the bars made up of trades, not quotes? In other words, the quotes may have been changing during the bar period but there may not have been any trades.
  19. stevegee58

    Finam and Forexite

    Here's forexite data all bundled up nicely in consolidated zip files: http://www.forextester.com/data/datasources.html I should point out that forexite data is crap.
  20. stevegee58

    Calendars vs. Butterflies

    My understanding was that the IV skew is the same for stock indexes and stocks. i.e. IV is higher for lower strikes than the corresponding (same number of strikes OTM) higher strikes. This is due to perceived risks of price crashes in the stock market. Commodities are what have the opposite...
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