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Its Optionxepress. I am a bit confused by other posts. I thought delta was the probability that price would be at the strike price. So low delta is indicative of a lower risk trade. I was thinking in terms where let's say one contract returns only $25 at the loss of let#s say $75. Of course...

As far as the bear view goes, I agree that selling is better. However, I have been taking a bear view with call credit spreads that price won't rise. Partly because I am working with a small account and margin requirement for selling naked calls is too high. Frankly I have not tried it but am a...

I find day trading to be too stressful and nail biting and a month to be too long. With a bit of success with extremely high volatility under $100 stocks with only few days left to expire, there are opportunities to collect a decent 6 to 7% weekly return on selling spreads or selling plain...

Glad you added this. I think brokers should incorporate some sort of matrix that shows how much margin becomes available if one were to close a position and how much net credit was received from a trade. My broker breaks this down, but its upto the trader to manually calculate or download in...

First, thanks to all who responded. I managed to close the IC and the separate AAPL put spread at a tidy loss of a few hundred dollars. Lessons learned: 1. When dealing with IC, its best to open a few on varying securities. 2. Always have margin available for adjustment. 3. Try to not...

I am miffed that my broker does not show how much margin would become available if Ii close other successful IC's in my portfolio. The point being that since I have larger contracts in AAPL (adverse trade) and smaller contracts in profitable trades, I can lock in profits on the smaller contracts...

You are right, I loaded double losses as the other trade is a standalone bull put spread but AAPL turned on me. Lesson learned here is that diversify iron condors on various securities to diversify and trade small to have margin left to fix any hiccups. Will close the IC as AAPL futures...

Besides the Condor, this the AAPL releated trade in my account, a put spread which I plan to close or roll down (probably roll down). I have a feeling you are going to tell me that if I roll down I won't have margin left to cover condor. AAPL FebWk4 525/520 (Put Spread)

So I tried what you recommended/ It turns out I can do that with 1 contract but even 2 contracts is too much margin for my account so 4 is out of the question. If I were to do this, I am unsure how would this impact rest of the positions in this condor. Or are you recommending to close all...

Hi All- So I am hoping to make a shift from buy and hold and allocate some capital to actively trade. I have very minimum knowledge of T.A. How does one go by learning more about various methodologies and techniques? Books, courses, seminars, certifications? What is good value for money, if...

I am learning the hard way, and you are right indeed. I should have stuck with lower contracts. As far as the margin is concerned, I didn't realize how large of a margin is realized for simply closing a position. Speaking of rolling the losing spread, I spoke to a trader friend who has tried...

So I tried various ways of entering the transaction but it continues to ask for more funds in margin to close the transaction. I think some posters have commented that closing position would release margin. The problem is here I cannot even close the position without putting even MORE margin...

I just tried what you recommended. The order (putting sell first or buy ) doesn't seem to make a difference. I have attached the preview. You will notice I am trying to close the entire position. The credit spread has done well. I thought about rolling the put spread but it is asking for...

Hi All- I am new to options trading and in my enthusiasm placed a Iron Condor trade and am hoping someone can clarify a few things. 1. When closing an iron condor before expiration date, why would I be required to put additional margin? So, if I want to book losses early and close the entire...