SPX Credit Spread Trader

Can't log in until noon on Sundays

Quote from daytrader85:

Thanks for the info. I'm trying to log into IB, but I can't. I know you can't log in on Saturday since they do maintence or something to the system.

Are you having the same problem?
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Quote from ssternlight:

For IB

1. Enter SPX
2. Select Options
3. Select Nov,strike, call/put,route

There will be two choices remaining. One will be the weekly. It will start with the "J" designation.
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I was finally able to get into IB. But, I still can't seem to get quotes for the SPX weekly options.

I wanted to see where Coach's SPX Weekly 1185 Put was. I typed in "SPX" then went to Options --> Nov.

I selected the strike and put. Then selected the route for "SMART".
I couldn't find anything. The only one I could find was for the regualr Nov SPX Option, with the symbol SPTWQ.
 
Quote from daytrader85:

I was finally able to get into IB. But, I still can't seem to get quotes for the SPX weekly options.

I wanted to see where Coach's SPX Weekly 1185 Put was. I typed in "SPX" then went to Options --> Nov.

I selected the strike and put. Then selected the route for "SMART".
I couldn't find anything. The only one I could find was for the regualr Nov SPX Option, with the symbol SPTWQ.
More...

Just checked and you are correct that the contract no longer displays using that method. We'll have to wait and see what happens when the market opens.
 
Quote from ssternlight:

Just checked and you are correct that the contract no longer displays using that method. We'll have to wait and see what happens when the market opens.
More...

Ok. I also email them earlier this evening. Let's see what they say.

If you do get it to work, please post it here.

Thanks.
 
In some book the author suggested that to diversify you have to sell options on commodities.

Does anybody here sell spreads or whatever in options on commodities?

Who can be a good broker like OX,TOS or IB for commodity options?

Is there a good book for options on commodities?

All replies much appreciated.

Thanks
 
I have traded commodities before, though not successfully. I found XpressTrade to be very accomodative, and able to trade almost all commodities. IB does not sell most agriculturals.

Quote from osho67:

In some book the author suggested that to diversify you have to sell options on commodities.

Does anybody here sell spreads or whatever in options on commodities?

Who can be a good broker like OX,TOS or IB for commodity options?

Is there a good book for options on commodities?

All replies much appreciated.

Thanks
More...
 
In anticipation of December action (45 days to expiration), I called today to get the following strikes added

1285
1290
1295

Should be added tomorrow.
 
Why don't the brokers allow different expiration periods for vertical spreads that comprise an iron condor (I'm referring to margin requirements)?

Example:

1130/1140 Nov SPX
1270/1280 Dec SPX

At the front month expiration, both positions still can't be ITM simultaneously, so why not allow this type of trade?
 
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