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Yes the course teaches the use of both put and call bflys and the adjustments of these spreads. http://www.got-options.com/goc/tapperformance.do This link shows their performance for each month. George

Yes I have taken Terry's course and currently am participating in his TAP program. George

I don't see a difference between a cross month butterfly in a retail account and the same strike double diagonal spread done in a retail account. The problem may be the broker. George

I was told by an ex-marketmaker that he started on Fri AM to price in the weekend decay and by late PM it was fully priced in. George

When I trade SPX on TOS my margin is released when the know what the SET price is. This is usually around lunch time on friday. George

I liked you comments and thought that it was interesting when you stated that fundamentals were not short term. My interest come from the fact that this is basically an option board and option are generally short term. George

If you stated that 100% of fundamental data was bogus I would accept that statement. George

Only the part that doesn't work is bogus the rest is good. George

I have a problem in that they do not address the options that have been bought and sold or sold and bought but not allowed to go the expiration. Also they do not address the fact that there are traders that do advanced strategies such as butterflies where you want two out of the three to...

There is no doubt that you are the LEG person. George

The leg you mentined is that the same ones that you commented on in a prior message? Nice legs or something like that. George

Coach, Some time ago you posted some info on baby butterflies. I have been waiting for additional information or a source for information. George

Coach, Thanks for the timely response. I was looking for protection from problems such as the car accident that you described. The main goal is to be able to deduct expenses but I was also looking at the same time for protection from outside law suits. Thanks George

Coach, I am looking at establishing a trading LLC within 30 days. From what I have read I am considering a two persom LLC, my wife and my self, as a gaurd against penetration. I will estabish a new option account at TOS and then close my existing account and use these funds to fund the LLC...

The IRS has no problem with you trading credit spreads in your IRA account. There is a problem at some brokerage account but not at all of them. I trade at TOS with no problem. George

I have the book and feel that it was an excelent addition to my trading library. Recomend it to all traders. George

I am also a user of TOS and what you stated is correct. The risk graph shows only current positions. Closed positions are not included. qamhwr

I have tried t sell put spread about six times and can't get a fill at 0.15 off the mid. Today I had one that I tried to sell at $1.35 and could not get a fill when the mid was 1.70. When I looked at the daily put volume it was much higher that the call volume. It appears that I wn't be able...