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My apologies. Looks like I was wrong about the fees on option stop orders. When I saw the responses on this thread I went back and looked at what I actually did. Instead of a STOP order on an option trade, I actually set an ALARM on the underlying price, and then had the alarm place a...

IB DOES NOT CHARGE A FEE FOR CANCELING A STOP ORDER. It is not resting on the exchange, it is at the broker. I tried to say that above, but perhaps it was not clear. THE ALARM WILL WORK IF YOU ARE NOT CONNECTED. I asked IB about that two years ago and they confirmed it to me. You can...

"You cannot cancel it after it triggers?" I would assume you could try to cancel any STOP order after it triggers, before it executes. On a normal STOP order, you would not have much time, if any. On a STOP LIMIT order, which I have never done, you might actually have the time to cancel it...

There is no fee if you cancel or modify a STOP order before it triggers. There is no fee if you cancel a SMART routed option spread order, or modify it, or at least I have never experienced one. There can be a fee if you cancel a buy or sell order to buy or sell options that are not combo...

Thanks

I have been trading time spreads on OIH. Periodically, the options series gets renamed, and after this my broker only allows closing transactions on these options. For example the DEC 130 Call got renamed to HBVLF (from OIHLF) on Dec 1. At IB, the symbol HBV now refers to a "basket" of...

The TOS platform has a good risk profile tool for option trades. TOS has a good past reputaion for customer support, and you generally get timely response to questions and problems. IB has a much better commission schedule. The customer service is not nearly as timely as TOS. As to the IB...

Hey, Why are the mods letting these guys promote their little web app? I complained to the mods, but with no result. Stop polluting this forum with such crapola, please. There are many other better and free ways to anaylze option trades, with as many "legs:" as you could fathom...

It is compelling for native English speakers to treat nouns that end in 'S' as plural. To me it is obvious that those who coined this acronym, were aware of that, even to the extent that they fiddled with it, as you indicated to include the "P," an interior consonant in the word...

I get what you are saying. I was not inferring that there was a competition, there is none. I assume you and several others here know stuff I can learn. Thanks again, for taking the time to respond. Steve G

Ok, maybe the horse is just sick ;) Xflat, I will stipulate that you know lots more about options than I do. It would help me if you could respond: 1. If I intend to hold the LEAP to maturity, and not trade it, how does that expose me to vega and rho risk? I thought I placed those...

I am insuring a $3600 position in a stock. There are 2 ways I know of to do that: 1. One way to insure is to buy the stock plus a long put. If the stock tanks, I get to put it to someone at the strike price, and I am out only the premium of the put (assuming it was purchased ATM). 2. A...

I am not just going long on a LEAP, and doing nothing else. I am buying a LEAP and taking the money I would have used to buy the underlying out of play (into a risk free cash equivalent). That is what I explained initially on this thread. I agree that to throw big parts of your investment...

If you are expecting to trade them between now and Dec 2010, then yes, big time. What I was describing was an 18 month long position in a LEAP, held to expiration. That makes it a simpler bet, and those factors had a role in setting the break even at the time of purchase. But the path to the...

Pro: You can get more Delta for less money. Con: You are subject to the rigors of a supply and demand market for the options. This means that the options can make or lose money just because of their own trading, namely Implied Volatility. Yes, I do. For example, if I hold the opinion...

On further thought, I think this idea would be useful if you are aggregating perfectly correlated underlyings. For example, if you had a small RUT position and needed to make a small modification to your P&L curve using IWM. Then you could aggregate over those two underlyings, weighting it to...

I usually carry some positions that comprise long and short options at different strikes and maturities for a given underlying. I trade on IB, so for these positions, I make extensive use of the IB Risk Navigator, which provides a real time tabular and graphic summary of the Greek...

In my IRA account, I placed idle cash into TIP (iShares TIP ETF). It tends to hover around $100/share, and pays nice monthly dividends. It fluctuates a bit, but not much. Returns have been better than a savings account. Not offering advice, just telling you what I did. My investment in TIP...

Thanks for another great video presentation. As I was watching it, I checked on my IB Trader Workstation, and sure enough, they are basing the VIX options off the cash index instead of the futures. How do you correct for this? Is there a source of quotes that will do this, or do you have...

I trade options, mostly neutral spreads, such as condors, calendars and the like. I have usually waited until one hour before market close to work on these trades, adjusting, adding new positions. It has been a real temptation to do something in the mornings, but I have resisted it, since a...