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Here's some data since 1975 on the SPX. i see 34, 31, 31, 27 and 26. http://www.1stock1.com/1stock1_141.htm

Would an example be like this? XYZ @ 100 short 9 at 110 call strike long 10 at 120 call strike or short 9 at 90 put strike long 10 at 80 put strike I'm fairly new to trading credit spreads (1 year) and stumbled along this idea somewhere and it appears to really reduce your...

TOS Analyze tab can do it day by day, I'm not sure minute by minute. You can also adjust the underlying price and vol to predict the value of your trades by varying those parameters.

Haha, I too just found and read through this whole thread earlier this week. I learned a lot more from Mav's posts than any book will teach me. Too bad he stays away from the Option forums now. I was going to paper trade this strategy for a while and see how it pans out. I wish I could...

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Great analogy. I do it too and hate it a little. I like to concentrate on that ONE thing that can go against you and "really" hurt you by managing it and not letting it "really" hurt you. Helps bottom line by a lot.

Thanks Ammo. Appreciated.

What are you VP settings if I may ask? I'm interested in looking at volume profiles and it appears you have may have different values than the ones on default - probably the last 2 values. Price per row height mode: Automatic custom row height: Chart time per profile: 1.0 on expansion...

I'm also a lurker that is very content with all the information ammo shares even to people like me that have nothing to offer.

That's throwing a monkey wrench in there! I believe you'll be fine short starting the week. Feels like Armageddon with this downgrade. Is this for real?

I agree with TheGoonior. I also have TOS and negotiated to $1.50 a contract outright with no ticket charge. I only swing about 200 contracts a month, so that's the best rate they'll give me as of now. I just heard that they will match their parent company, TDA, which is $9.99 plus $0.75 a...

Not a big fan of buying calls going into earnings. Vol is high pre-earnings and even if your underlying stock goes up, the reduction in vol post-earnings can decrease the price of your calls if the jump up wasn't big enough.

Looking forward to seeing your journal. Although, maybe post this in the journal section? Also, looking forward to see how you handle adjustments to your option trades and hopefully we all can learn something.

Not according to futures right now. Big spike in indicies.

Hmmm, I wish I could cite your account as grounds for TOS to give me a better rate, LOL :D I doubt it though. I'm over $1000 in commission for this year and I also opened my account about five years ago but just got active in the last two. I guess I'm not a good negotiator. Maybe I should...

What's your volume per month? I'm about 150 contracts a month and I only qualify for $1.50/contract.

On one school of thought, I say, LOL - that's a lot of posts for such a question. On the other hand, we all were once a novice and didn't know a put from a call. If everyone was a superior trader out there, then how could anyone else make money? Let's try to be humble and let him realize...

I use thinkorswim. Great software which is free. You just got to learn how to use it. It's a lot easier to understand when setting my trades as opposed to some others I've had. As for the price, it's not the cheapest but it's fair. IB and OH get pretty cheap.

Gainskeeper was really easy. It posts a whole trade on one line with all the info you need, date opened, date closed, cost basis, and collection from sale...including the commissions in the cost basis!!! It even has the M2M positions of any 1256 contracts you may have traded so you can report...

Could you explain this trade to a novice trader like me? How is it unlimited? If I sold nearer puts and purchased farther OTM puts, then the market sold off heavily, I'll make money on my long puts but won't I have to pay off my short puts? Isn't this limited?