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Yeah I was able to do that after the fact. It's hard to remember these things when your mind fogs up as things are moving fast haha.

Definitely a good idea to backup your settings. I have lost thousands of dollars due to mistakes made largely in part because of how confusing and shitty the TWS layout is. Just today I accidentally messed up my settings with an open option position on SPX. It suddenly caused me to panic as I...

I own Bennet's book and I did enjoy some sections of it. I am currently about halfway through Taleb's book Dynamic Hedging. This is a great book but also more on the theoretical side. I have a MS in Statistics but I still have to take my time with it. Has anyone ever read the entire Volcube...

This is a good idea. I have told myself multiple times to just trade the micro contracts to get back on track. Usually that works for a little while and then I start thinking "why not scale up?". Probably the most destructive thing though is if I am down slightly (say $100 or so) I start to...

I constantly struggle with this. I normally try to only lose about $200 max, but then revenge trading kicks in and then I am down about $500 and super pissed at myself. I think I just need to stick to my planned options trades and stay away from instruments like NQ. I'm down $5K since March and...

Totally agree. I want to buy up some SPY puts but I am tired of seeing the market keep going up and up and up every day for no apparent reason. The long term economic outlook is not good.

Let it burn! Nice drop in CL today too.

I've been waiting for this for a while now too. I wish I could have loaded up on SPY puts this morning, but I have the PDT rule on my account right now :mad:.

I hate TWS... but I'm kind of stuck with it at the moment. I don't want to lose API functionality and the ability to trade multiple asset types with a single account. I think IB does a terrible job maintaining their software though.

I tend to struggle greatly with this at times. I have bought and sold CL multiple times several weeks ago and made about 600 dollars profit when I could have made 10-15 thousand if I just held it. There was of course the non-significant probability of it crashing and burning too, so I was more...

Can you use the Tradestation desktop platform with EasyLanguage to manage equity and futures option orders?

Ah, ok. I think I was thinking of their EasyLanguage platform. Last I looked it did not have the ability to use EL to trade futures options positions. Maybe this has since changed.

That sounds like a good idea. I used to have TradeMonster/OptionMonster before they were acquired by Etrade. They had excellent option analysis tools but no API or futures trading. It is hard to find a broker that provides everything unless you trade strictly equity or futures. Tradestation...

This works sometimes, but not always. I was able to construct a P&L graph with 100 shares of DAL and a put option, but when I tried to scale it to 1,000 shares and 10 put contracts I get the dreaded "performance data could not be calculated". I have seen other people complain about this on here...

I'll have to give this a try. They don't give you much information on their site unfortunately.

Hello all, does anyone use any other third party option software with Interactive Brokers? I am finding that IB's TWS is so horrible for trying to create option spreads and I cannot even get it to create a simple P&L graph at all. Is there a decent alternative for equity and futures options...

When do you typically trade CL? It seems as though all the good opportunities are early hours.

I haven't traded straddles very often, but I am yet to have a profitable one. The collapse in IV seems to wipe out most of the profitability in my experience, or the spread is so bad it makes it very difficult to close the position out. I hope it works out though.

That is correct, the underlying was the June contract.

I briefly traded CL put options today. I tried to hit the middle of the bid and basically bought and sold at the same price even though the underlying dropped by about .15 or .20 or so. Waste of time to day trade CL options since the spread is so wide. Would be interested in chatting with anyone...