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Thanks Coach, I have a ToS account so will analyze these options this weekend. Also will look up in Cottle book. I appreciate your help, Jack

Gis, I hope your authority on how market will do next week is reliable. If so, we don't have to sweat learning this complex adjustment stuff:) :) Have you found any information sources on hedging credit spreads? As I said above, I am in a learning mode and so might even read one of the...

I have the Cottle book. It is a tough read, but now that I am in a learning mode I will need to get tough. It seems to have lots of good stuff. “Also look at doing unbalanced or skip strike flys for a nete credit as a lower risk way to trade a range.” Could you give me an example of...

I would like to know where our members are hanging out these days? I am sure they have found something interesting. I am wanting to learn more about adjusting credit spreads and also discussions on hedging them. I know there is much in this discussion, but is spread out over a long time...

Zegras, Here is your chance to make a contribution that would be helpful to "traders" like myself. I love safety during major drops! BTW I use some of these low cost services myself----for education and also not able to watch the market closely. The real test with credit spread advisors is...

Seems like a training opportunity for the benefit of us newbies. This market certainly has our attention and many would give a left gonad (or other part of the anatomy if not gender appropriate) for learning how to survive this kind of market drop. Would you care to summarize the differences...

Would you help me understand what he did--- what is meant by "mouse ears". I am still learning the slang. Seems like some smooth moves that would be good to know. Thanks

Donna, Thanks. I definitely need to take more time learning the powerful tools in ToS. I went to the TOS seminar, but was before I had tried the software and it was hard to follow. I plan to repeat when it comes back to Scottsdale. Thanks again

Donna, Where are you getting information that allows you to track "5 lots right after me"? I have accounts at both ToS and OE. Thanks, Jack

It worked for me. The trick was to keep on trucking to final checkout and the discount appeared on the invoice. They sent via email a copy of the invoice and instructions for downloading the pdf version. All works well. Jack

Now it makes sense. Has this strategy (buy the long and leg into the spread) been covered here? Or any reference you may have? Or would you mind saying something about the strategy. Sorry if this has been covered and I just missed it. Thanks, Jack

Donna, please excuse the current state of my ignorance, but what are you meaning by "2.9 net credit". That would be a super credit on 1215/1225 put spread. Jack

I was told that there will be multiple charges if the fill covers multiple days. If completed within one day there will be one charge. Jack

Just for the record Options Xpress refunded the commissions on the partial fill. I was warned that this can happen in the future as there is no way to avoid partial fills. Also the commission policy is to combine all single day fills into single order. There will be a separate charge for each...

I attended the TOS Beyond BAsics seminar in Scottsdale today and confirmed that it will not be a problem with them. I was up in Scottsdale all day and have not had a chance to contact OE yet. I notice that I still have the 9 contracts in my account, even though the bid and ask are identical...

Has anyone had experience with partial fills with Options Xpress? I have order to close 1205/1195 put spread for .05 and got 1 of 10 partial fill. Since initial credit was .50 this will mean $45 net income with a commission of $29. I know that I could have used the option for "full fill...

Just finished "You've Got Mail" and waiting for "Sleepless in Seattle". Not exactly the party guy.

Thanks for the comments and encouragement to jump in and learn. I will not give up. Glad you heeded Coach warning about end of the year uptrend and got out of the 1240/1250 Nov Bear Call. I was hoping his predicted drop to 1225 would last a little longer than it did. I will, in the future...

Since the SET could go either ways, and being an optimist, I sat on a SPX 1240/1250 Bear Call Spread---taking a chance that the SET would recover my loss(SPX was approx $1242). Well, the opposite of Donna, I suffered a $10,000 loss. I had a 1.16 credit for max profit of $1,160. Now that I...

Coach, As of Monday morning, how do you feel about chances of the pullback you were expecting. I did a 1230/1235 Put Spread but unfortunately am also setting on 1235/1245 Bear Call Spread---I wasn't watching and did not make adjustment or hedge. Any suggestions, short of jumping out the...