SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
I did not get filled on anything, was trying to be too agressive deep OTM, oh well a nice down day tomorrow and I am in for March 
Hey Coach,
Can you comment on the Tradestation platform. I saw that they have a new option trading platform. Can you trade spreads? Is the market info timely? What are your general impressions? I think the commissions are somewhat cheaper than TOS.
Thanks
Cody
Can you comment on the Tradestation platform. I saw that they have a new option trading platform. Can you trade spreads? Is the market info timely? What are your general impressions? I think the commissions are somewhat cheaper than TOS.
Thanks
Cody
That was a great credit (.85) credit on that sucks this am...I'm going to have to look to leg in later this week...I think..(according to "the chartest" we will be overbought Fri/Mon").....RD I'll send an "ALERT" when I do 
Well I got filled this morning on a March position:
- 150 MAR SPX 1185/1195 Put Spreads @ $0.40
Credit = $6,000
Risk = Spread Margin - Credit = $144,000
Return on Risk = 4.16%
Not too happy with the fill but was not getting anywhere with $0.50 or $0.45 and can sense the market building a base here.
Including the above, my positions are:
- 125 FEB SPX 1185/1205 Put Spreads @ $0.45
- 150 MAR SPX 1185/1195 Put Spreads @ $0.40
Will let FEB go to expiration and sit on MAR positions for right now.
- 150 MAR SPX 1185/1195 Put Spreads @ $0.40
Credit = $6,000
Risk = Spread Margin - Credit = $144,000
Return on Risk = 4.16%
Not too happy with the fill but was not getting anywhere with $0.50 or $0.45 and can sense the market building a base here.
Including the above, my positions are:
- 125 FEB SPX 1185/1205 Put Spreads @ $0.45
- 150 MAR SPX 1185/1195 Put Spreads @ $0.40
Will let FEB go to expiration and sit on MAR positions for right now.
obviously coach has expertience with TS but you might want to check out the comments currently posted in the Trading forum titled "Tradestation" (if you haven't already.)
TS thread moved to "retail firms"
I have only used TradeStation for futures trading and their charting platform which I really like. Have not looked at their options capability so do not know how they fare with all the complex orders and margin rules. For futures I have not had any complaints but options is another ballgame when it comes to platforms.