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Does anyone trade OIL, specifically the oil mini (QM)? I've been playing with this a bit, I normally trade the ES during the day, but the afternoon have been range bound and a bit boring. The volatility around the economics (ie inventory) tend to make for an relatively easy play (check out the...

I believe you can trade PIT options with Tradestation, but it cleared through another broker.

Also, Yahoo Finance has a nice calendar of events. It's under teh tab Investing, then under "Todays events - Economics"

That's what I thought, just wanted to clarify. Question, why only20%? If you are going far enough OTM and you have a proactive adjustment / hedge strategy, seems you have room to increase the allocation and still have enough to made adjustments. Not intented to be crictical, just wanted to...

Is your 20% initital allocation 20% based on margin or risk?

Donna, Interesting you say you were doing this inadvertently as in March I did just that to a positon I had on. Not certain it was the best hedge available, but my thought process led me there. I've still very interested in hedging/adjustment strategies people are deploying, I've had to...

Thanks Donna - I think I'm OK on the put side, but am a little concerned on the call side, thus I'm poking around for ideas on a hedge should the time come. Also, as a matter of mechanics, I almost always leg into each side (call & put), OX lets you enter a IC, but I simply prefer legging...

Greetings Folks, \ I have been follwoing this thread (occassionaly contributing) for a few months. So far, March & April have been good results, both months all spreads expired worthless (SPX & OEX). I've learned a lot by following the commentary & hope to continue. High level strategy is...

Did you expect to hold them to expiration or were you more prepared to bail if it moved against you as it did yesterday. I continueally look for opportunites like that once we get inside 30 days, but I'm a bit skiddish of moving closer than 30 pts to the SPX - but I agree with your assessmet at...

When did you enter the 1320/1330 to get the $2.70 credit - great trade:) :)

If you trade significant volume with OX, Gainskeeper is free. I used it and it was free, (very slick & quick) - I'm not sure what the threshold is to get it free.

I'm a bit confused - you're looking to hedge your 1345 short and Coach talked about buying a 126/125 SPY bull put to hedge. Wouldn't you buy that hedge to hedge your short put (assuming you had that as part of an IC), not you short 1345 call side? If the market breaks south, your 1345 short...

Coach, can you be more specific with regard to how you would add the hedge later (what would be the trigger and how you would execute). how close would you let it move to your low strike (still your 10 pt rule)? Would you simply buy 1260 puts? - assuming the news drives the market south?

I agree, I'm in addition to trading IC on teh SPX, I'm moving toward daytradin gteh e-mini s&P. Doen't make sense to elect M2M with the 60/40 treatment thanks

did you move to a "C" from a LLC oe LP? I may hold off with the M2M election this year until I know more - I coud luse t heloss this year though rather than just the $3K.

Thanks for the reply. From what I've read, I think I can qaulify for trader status (number and frequency of trades, holding period, time spent, etc) even though I still hold a "regular " job (hope that changes this year). You're correct, I believe that since this is my first year with the...

It's that time of year - would appreciate your thoughts on a few tax questions. I really enjoy this thread and have learned a lot (especially the last 3 - 4 pages) - incredibly talented (linguistically) bunch. OK - been trading for a long time, but this year (tax year 2005) is my first...

I'm trading credtit spreads in my IRA - my accountant says they're ok. I don't have anything from the IRS to comfirm if it's allowed or not

Coach, New to the Thread, been reading and following closely for a while. Just enterin gthe world of IC's. Woud lbe intersted in you comments on my two current trades: 1. Mar Spx 1225/1245/1305/1325 entered for 2.00, expires Friday 2. Apr Spx 1210/1225/1345/1360 entered for 1.45...