My option trades

Quote from falconview:

Thankyou Atticus.

I´m taking a break mon!

For Calendars in TOS, pick "Calendar" from that little "Spread" box on the top middle of the options orders page. (I'd use the Desktop Version).

You will now see the strikes change to Calendar Spreads!

Atticus is referring to the weekly march option expiring next week and the april expiration.

TOS gives the Calendar atticus suggested as:

Mar5 12/ Apr 12

Expand the list of spreads under that and select the 700/700 calendar.

Click on the ask price.

Done.
 
Quote from falconview:

Ran into trouble trying to enter my first calendar with TOS

First time, it refused the order said it was UNDEFINED.

Second time it gave me an April May when I wanted an April March.

Didn´t FILL, so I was able to cancel it. The undefined I expect was because I thought I needed to subtract the one in April bought with the one in March5,12 entry for a weekly sold. Anyway I did the subtraction, which was $4.10

Not sure now if I did it wrong, or it just defaulted to April, May?

Anybody on here familiar with entering a calendar in TOS?

I´m trying to enter April bought and March Weekly sold. I am guessing it should work like any spread and you subtract the premiums from each other in the option chain and enter that as your limit order spread.

Not trying to be picky, but didn't March expiration already happen on March 16th? Maybe that's why it defaulted to May.

Don
 
Quote from falconview:

Just calculated IHS, it dropped 5% on the opening. I have no idea how you can predict this stuff?

We can 'predict' this stuff by looking at the futures to being with. See how many S&P points down they are, adjust for beta maybe. At least get a clue which way things are going to open.

Just trying to help.

Don
 
Currently have an 2700/2725/2750/2775 NDX condor expiring today

Will see how that plays out.

Hopefully the price won't jump beyond 2750 or below 2725 tomorrow morning. I HATE that open price calculating blah blah yada yada bullshit. Why can't they make it like the SPX with same day closing price as the settlement value?

Don, any benefits to traders from this next-day-open-price settlement that CBOE does?

May the theta Gods be with me.
 
Quote from babutime:

Currently have an 2700/2725/2750/2775 NDX condor expiring today

Will see how that plays out.

Hopefully the price won't jump beyond 2750 or below 2725 tomorrow morning. I HATE that open price calculating blah blah yada yada bullshit. Why can't they make it like the SPX with same day closing price as the settlement value?

Don, any benefits to traders from this next-day-open-price settlement that CBOE does?

May the theta Gods be with me.

Jury is out on the settlement pricing. I don't like the SPY settlement at all, either the underlying or the options.

Don
 
Quote from Don Bright:

Jury is out on the settlement pricing. I don't like the SPY settlement at all, either the underlying or the options.

Don

Why don't you like the SPY settlement?
 
Quote from newwurldmn:

Why don't you like the SPY settlement?

No way to know for sure whether it closes above or below strike prices at times. They wait for Standad and Poors to determine the closing price, regardless of what we see on our quote window. Has been a bit disconcerting several times.

Don
 
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