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Now that's a reply that makes sense. OP's info is a mish mosh of gobbledygook - a SSF commission schedule for a $5 Dec CC when no Dec 5's exist and numbers which have no relevance to the schedule posted. And selling a CC 45 pts ITM? I'n not even going there :)

And where on that page does it indicate that "Selling a covered call requires a huge amount of margin much more than twice the margin required for owing the stock outright."?

I think that's a very slopey line

I had the same thought. To the OP, can you cut and paste IB's margin requirement for covered calls done in a Canadian account?

I have no idea whether you're buying back month calls and selling front month spreads (a net long position) OR buying back month calls and selling front month calls against them (a calendar or diagonal). I assume the latter (which means we've mutated from covered calls to spreads). Either...

Sure, if you assume that you're whole again after a Flash Crash then intraday loss is irrelevant. But what if it's 1987 and you've lost 20+ pct in one day? Losing 20+ pct in the GFC is just as painful. I don't know what hedging daily has to do with any of this. The OP indicated that he's...

I'm a bit confused. Are you trying to identify strategies that capitalize on change in IV or are you trying to utilize the underlying to scalp the delta imbalance that occurs when the components of your position get some distance from neutral?

LOL. Ten grand lost hurts just as much if lost intraday as lost over a longer time scale.

If you're involved in covered calls then the primary risk isn't losing your profits but losing a chunk of value of the stocks owned. Hedging a Flash Crash can be done locally - hedging individual stocks... or globally - buying puts on major indexes or calls on underlyings that go up when...

From SFO magazine: Training programs and seminars have dangerous limitations: Though it is true that you may have to start somewhere, the mastery of strategies and knowledge comes not from a fast-track bunch of classes, but with prolonged, active day trading. Your chances of becoming a...

And at this point, if anyone knew the answer, they'd probably withhold it :)

LOLOL. I've had that conversation.

How about pairs trading involving yield and reversion to the mean? It's all math. TA ?

Welcome to the wonderful world of options.

The success of your option strategy depends on selecting the right one for the UL's subsequent behavior. For gamma scalping, if you're wrong on IV, the scalp will soften the double sided contract premium loss. If you scalp early, the equity leg will become a drag on a more protracted move...

I'm not sure that a book with a litany of option adjustments would make you any happier (there are a lot more possible adjustments than initial option strategies). And no, I don't know of any books that provide them. There are a lot of things in life that you can read everything there is to...

Three times is a charm. Does it count as a 4th if I do it???

I appreciate the effort you put into screening for these and then providing the company's story line but as mentioned previously, AFAIK, you're not getting enough reward for the crapshoot risk that these offer. Given no inkling of how whether the takeover goes through ($24 ?) or whether it goes...

That's exactly what it means. In down months, the average drop is larger than the average gain in up months. In and of itself, that does not make an unequivocal case for call spreads because you don't know the distribution of the gains and losses. IOW, of the 60% of winners, you could have...