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    Intrepretation of Household Debt in America

    The link below is a post done by NPR back in Q3 2012 regarding the debt of the average US household. http://www.npr.org/blogs/money/2012/11/21/165657931/household-debt-in-america-in-3-graphs http://research.stlouisfed.org/fred2/series/TDSP I find myself highly skeptical that Household...
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    First Post - Intro and First Swipe @ an Options Strategy

    While vol skew still remains relatively cheap on the back month options, this long gamma long vega strategy is going to kill you when it comes to premium. As time presses you'll be looking at your premiums wither away presuming the market stays in a range. Those OTM back month puts look...
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    Anyone use LivevolX?

    Can't comment on using LiveVolX as a brokerage firm. However I did want to say it's nice seeing a fellow trance listener who trades options. Here's a great remix done by tiesto to lunatic asylum's energy flow. Great song to listen to when trading...
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    Risk Profile/Graphs in IB

    Hey ETers, For those you who use IB in your option trading endeavors how do you see the individual risk graph of various spreads in a given underlying? I tried using the PM demo account and even called up the Help Desk and the guy said there was no way to filter or include/exclude legs and...
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    Unusual option activity

    Livevol Pro for about $100/month shows all major option block trades as they are executed. http://www.livevol.com/
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    IV/Delta Skew and Option Premium

    Thanks for the information and link. Seems my initial hunch on the stock price distribution may be the underlying cause for disparity. I do recall reading Augen's book entitled "The Option Trader's Workbook" in where he asks between the call or put with same vol and same strike price which...
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    Supersized SPY options coming!!!

    There's some solid volume in the SPX weeklies unless you're some huge player who trades over 1000 contracts/day (doubtful but hey never know - see the attached montage). Spread, amigo, on SPX weeklies is still wider than its ETF counterpart. Unfortunately CBOE hasn't released a date (or even...
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    ORCL Puts or Calls?

    I assume you mean should one purchase puts or calls? why not just play the vol and buy a straddle or strangle? Some nonsense report I got from Goldman Sucks said people should consider buying the 33/28 strangle for the April cycle. If you're really looking for gamma buy the same spread with...
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    IV/Delta Skew and Option Premium

    Thanks Nazz I love your emotes :D 1.) Wholeheartedly agree. 2.) Seems reasonable. 3.) Usually the the way TOS calculates IV values is by taking the mid of the bid/offer and then backing out the IV. I used TOS' IV levels into Interactive Broker's Option Pricing widget and got similar numbers...
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    IV/Delta Skew and Option Premium

    Rodney, Thanks for the reply. I did plug in the values and got roughly the same market prices on the montage so I'm confident in my broker's IV calculations and got the same results. Still confused :confused: Oh well :D
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    IV/Delta Skew and Option Premium

    montage attached
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    IV/Delta Skew and Option Premium

    Hey ETers, I pulled up a quote on one of the more volatile stocks of the day, Amarin PLC (AMRN), and saw something peculiar which puzzled me greatly... If you look at today's quote of AMRN at 10.50 and then examine the 7 puts and 14 Calls (which are equidistant by $3.50) it looked a bit...
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    Non-directional strategies for 11-12% yearly return

    I will link you the study in the next day or two, but new research is actually finding that low beta stocks, over the long run, are actually providing superior returns as opposed to their higher beta counterparts. Granted, it does not invalidate your point, it does give people some pause to...
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    RIP Thinkorswim

    I know if you come with the right kind of referral you can receive that rate of .50 cents per contract with NO ticket. While I do NOT use Trademonster, those who wish to know what referral to use are more than welcome to PM me. :)
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    RIP Thinkorswim

    They do have a special caveat on stocks sub $5 where they want you to put up more dough than the exchange minimums. The reason I know this is because I sold some puts on LLNW prior to the crossover. When the switchover happened, I was getting margined nearly 40% more because of TDAM's additional...
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    RIP Thinkorswim

    You should be trading at least 100-200 contracts (roundtrip) per month before you can negotiate with them given your current commission rate. However, for reference purposes, back when TOS was not under the TDAM umbrella, my dad negotiated down to $.80/contract and I received a negotiated rate...
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    Best Firm For Large Option Orders

    Unless you're buying DOTM on SPY/SPX or other LIQUID equity option, you may want to stick with some of the more tried and true brokerage firms only because you'll get decent fills with IB and/or TOS. If you cannot get filled or get filled at a shitty price, I can guarantee you the cost of...
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    RIP Thinkorswim

    Your old commission schedule from the TOS days is still intact. New customers, however, will have to negotiate with the TD AM guys and pray that TD AM will offer lower commissions either based on higher volume or larger account size.
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    Best place to trade small options account

    If commissions and accessibility to a wide variety of markets are a key concern then head to IB. However if you want a platform that is user friendly, intuitive, and built for option traders then you'll definitely want to consider Thinkorswim. While TOS has higher commission rates you can...
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    IB Customers - Any Tips?

    Hey ETers, For those who trade options through Interactive Brokers how the HELL do you deal with that annoying data limit of 100 symbols at any given time? I'm currently a TOS customer who is used to seeing an options montage with ALL strikes always on and can view market as much market data...
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