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I used to use Technical Analysis to make trading decisions. Trouble is nothing seemed to work. When Bollinger Bands said BUY, Stochastics said SELL. Then I realized I couldn't see the forest because of the trees. So I eliminated all these indicators from my chart and now all is well...

Yes. I generally exit a credit spread at 50% profit. Then reenter selling a 15Δ Call and/or Put and buying $10 wings usually 35-50 DTE. I have found that, on average, I am looking for an exit in 11-15 days. As an aside, I agree with others that carrying a trade to expiration carries additional...

Actually about 23 hours and 45 minutes a day with a trading halt from 4:15 pm - 4:30 pm (CST) From the CME's website;

Here's my list of book that are in my library. But befor you go off and buy any of them why not avail yourself of some of the free stuff that's on the web. Here are some of my favorite sites and resources. Best The Options Industry Council https://www.optionseducation.org/en.htm The...

Heck, I'm still trying to figure out the 1st tier of Greeks let alone the 2nd. Now I find out there's a third tier. I think that I'll stay with my credit spreads, focus on Delta and Theta and forget Gamma, Rho , and Vega. Not to mention the 2nd tier greeks Vomma Vanna, Charm and DvegaDtime, and...

I concur.

Not Natenburg. It's Natenberg.

G. Alindogan, You mentioned Vomma which demonstrates the convexity of vega. Then what about Ultima? Thanks S Leeds

That's what I did and it seems to work. After the first audit a few years ago the IRS has not bothered me since. I did (and do) keep good records and go show every trade for every day, costs associated with each trade (Commissions, NFA regulatory fee, CME fee, etc.)

Thanks. I think I knew that. I've been trading credit spreads on the ES for a few years. But never ATM, always OTM. Usually a Delta 15 Delta 5 spreads but occasionally a Delta 20 Delta 10 spreads when other criteria (Theta, Technicals, Fundamentals and VIX dictates.

Already had a couple of cups before I started my trading day at 7:00AM EDT this morning. A good day thus far. The ES is up +7.75 since trading started last evening. The aforementioned iron has been closed. Ready to place orders for 2 more. Just waiting for the 3-month and 6-month T-bill auction...

Correct me if I'm wrong but a credit spread (Put or Call) and an Iron Condor (both a Put and Call Credit Spread in the same expiration series) requires BOTH the purchase and sale of a Put and Call with the short side of the trade closer to the money and the long side of the spread farther out of...

Natenberg

1. Start here; https://greentradertax.com/trader-tax-center/entity-solutions/ https://greentradertax.com/the-dos-and-donts-of-using-iras-and-other-retirement-plans-in-trading-activities-and-alternative-investments/ 2. Then buy Robert Green's book (2017 ed.) and read it...

No, it doesn't. Please post a copy of your SEC Form BD. Also your FINRA Super Account Administrator contact information. That should help clear the air. Best

No, not really. Still have questions. Need to see the full Delaware filing, Lack of Foreign Corporation filing in Florida (mandatory), FINRA and SEC Form BD filing (no record of that yet), who is his FINRA Super Account Administrator, Quora claim to have been an options trader for over 7 years...

Probably the best advice given thus far.

It doesn't have to be hard but in your case you may want to consider designing yourself a portfolio of stocks, bonds, diversified ETFs and/or Mutual Funds, stick your money in, and check your gains (or losses) on a weekly or monthly basis. Using a robo-advisor (e.g. WealthFront or Betterment)...

Which market? Stocks, Bonds, ETFs, Futures? And how thin? OI of <1, 10, 100, 1000? Today the SPY (a heavily traded ETF) has traded 2.3 million contracts thus far. And some strikes in the near expiration dates have OI in the thousands, some in the low ten thousands. The XLF symbol has several...

Hard to do when trading credit spreads. Which requires that one purchase and sell at the same time. I recommend that you start your education by reading the following books and visiting the following websites. Books: -Option Pricing & Volatility (2nd Edition)..Sheldon Natenberg -Options as...