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  1. tommcginnis

    How often do you rebalance ?

    Or...... sell the out-performers (who may be unlikely to keep up that burning pace) and keep the laggards (who likewise may be more likely to pick up the pace.....) "Dogs Of The Dow" anyone?? If the general thesis of the stock has not been violated (X, DE, JNJ, and GE if/when it breaches $12...
  2. tommcginnis

    How often do you rebalance ?

    1) Whenever "out of balance".... ("Lame!" :rolleyes:) 2) Whenever material drops afford Buying opportunity(ies) 3) Whenever significant climbs suggest Profit-taking. #1 is an overall and largely time-driven policy statement. #2 + #3 are simply driven by opportunism -- *subject*to* #1. (which...
  3. tommcginnis

    letting your losers run and limiting winners

    Philosophically, the idea is that, if you're selling options, you're *mostly* selling for time decay. (Idea being: of time, and market movement, and volatility, the only thing you have *guaranteed* is the burn of time.) With that, imagine that each sale of an option/spread is the roll of a die...
  4. tommcginnis

    How to conditioned selling ?

    Ah! I getcha. Well then, you just track a combo instrument as your target. No biggie. Instrument would be something like "VIXindex-VIXfut" ?? Haven't tried it, but his is a graphable creation, which means you can put an alarm on it.
  5. tommcginnis

    How to conditioned selling ?

    The example I posted had no API content.
  6. tommcginnis

    How to conditioned selling ?

    This is one of those non-obvious things that makes IB's TWS simultaneously magic, and a p.i.t.a..... You need to set an alarm in your trigger-contract -- let's say it was the ES, and you wanted to buy the RUT... As the alarm comes up, one box will read, "Advanced Settings" or some such. The...
  7. tommcginnis

    how to make trading education less boring?

    Lighter fluid.
  8. tommcginnis

    Any studies on who normally wins - option writer versus purchaser?

    And yet somehow you managed to draw relevant borders around periods of ownership, to conclude a gain for one party, and (implicitly) a loss for the other. To borrow a phrase, "Brilliant!"
  9. tommcginnis

    Impossible To Reliably Make 80%+ Per Year By Selling Puts or by Trading Option Credit Spreads?

    "Assuming facts not in evidence..." Just a caution, but there's a lot of this going on in this thread. I think a lot of you guys agree much more than the posts would imply. [cue image of "just whistling as I pass by" emoji....]
  10. tommcginnis

    Any studies on who normally wins - option writer versus purchaser?

    To grant *your* argument anything beyond, "methodologically vacuous" would be to infer that if I bought TSLA at $200, and sold it today @ $357, I did *not* make $157, or 78.5%, because I did not take into account the myriad, Mandelbrottian moves over the last year or two. The OP did not ask the...
  11. tommcginnis

    Any studies on who normally wins - option writer versus purchaser?

    You might want to read the original post.
  12. tommcginnis

    Anybody provides consulting on getting set up on TWS?

    I'm going to be doing this in an hour or two -- hilarious! But it would be the blind (me), leading the maybe-slightly-more-blind (you). FWIW, the Holowczak tutorials get much love, http://holowczak.com/ib-api-tutorials-by-programming-language/ and IB's videos/youtube contributions have been kept...
  13. tommcginnis

    Any studies on who normally wins - option writer versus purchaser?

    Considering the fact that OI is available on pretty much every platform, that is a bizarre thing for you to write. Try actually doing your own work before you opine. (Or, go get that second cup of coffee. :rolleyes: )
  14. tommcginnis

    Any studies on who normally wins - option writer versus purchaser?

    Here's a study of sorts, from last Friday pm: The figures above stem from Open Interest on SPX options in the 350point, 71 strikes (inclusive) from 2525 to 2875. Cell BQ102 shows that Feb28 call options ITM numbered 84k, or 31% of the total for that 350 point range, while the puts (BR103)...
  15. tommcginnis

    Comparing Spreads: Synthetic Expressions versus Exchange Spreads

    It's interesting to me that, after not really being mentioned in my memory, there have been a good number of "reality-not-comporting-with-model/theory/precepts/...." comments in ET posts lately. ("For the last 2-3 weeks or so??") You post provides solid evidence.
  16. tommcginnis

    need help thinking through lifespan of iron condor

    ...And a little note on my 'revenue-neutral': Skews are skewed, and thin markets are thin, and sometimes 'reality' bites. ("Well, that's just *great*, Tom -- but what does that have to do with....") I'm getting there. If you price your ITM March16(?) put spreads in XLE right now, you'll likely...
  17. tommcginnis

    need help thinking through lifespan of iron condor

    Really good post -- deserves something beyond a "Like." :thumbsup::thumbsup::thumbsup:
  18. tommcginnis

    Is there a way to measure ADR?

    Take a wild stab at this..... https://en.wikipedia.org/wiki/Anscombe%27s_quartet ...and conclude, either, "Life's a Bitch!" or, "Meh. Time to move on....."
  19. tommcginnis

    need help thinking through lifespan of iron condor

    I would agree with that. Although, a little work with the option chain might be instructive -- and if this were throwaway money, it'd be fun to just watch[!]..... but if this is 'real money'?? Nah. Not worth the bile. :wtf::confused::vomit: :(
  20. tommcginnis

    $75 million mansion is most expensive lakeside Tahoe house ever

    D'ya know what I love about that picture?? I am SO friggin' happy. That chicken (and it was indeed KFC) was warm, and given to me on the side of a mountain, by friends I did *not* know I would see, to spend New Year's Eve on top of the mountain in front of us (due S across the parking lot...)...
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