Spot on!
Forgive me if my response seemed inflammatory. Sometimes I focus so much on the details, that I forget to reread what I wrote to see if it comes...
PoT is a proprietary metric available from ThinkOrSwim. I first became acquainted with it during the five months I paper traded before funding my...
The April 11 PCLN 490 PUT has a probability of touching (PoT) of 39% using the fixed volatility per expiration date volatility strategy. Not my...
I only trade index options credit spreads because I am unwilling to expose myself to an individual compay's market gap risk, like the CEO taking a...
It would seem that using a different option for each trade would avoid the rule. OTOH, perhaps I don't understand the concept of scalping.
Relying primarily on PoT and not market fundamentals or technical screening You are correct to a point. I'm uncertain how you would apply these...
Your observation is not limited to SPX and I had similar concerns when I began trading spreads. I had a conversation with ToS about this and here...
falconview, what broker imposes this rule?
I am interested in what approaches that you followed that you now define as crap and what people you followed that you now define as charlatans....
You may not understand the problem with the ToS margin calculation since your conclusion is not factual. Furthermore, your suspicions are not...
Consider thinking of the two credit spreads that make up the Iron Condor as your trading entity. This gives you more flexibility in understanding...
You may if you can. :)
Great post. Thanks.
I trade index option credit spreads as a unit. The formation of an Iron Condor is an artifact to take advantage that the opposite spread can be...
I report only on the isolated account devoted to trading index options credit spreads. Any discussion regarding my complete portfolio is outside...
All of my reporting here is on one account devoted exclusively to trading credit spreads. Each bar in the graph represents the percentage change...
Much of the speculation here is off target. I will post the details as soon as the bookkeeping is caught up. Your patience will be rewarded.
You are exactly right. Some of my spreads considerably exceeded my stop of 20% because I ran out of cash to buy them back. I'll report on a spread...
Thanks for the belly laugh. :D
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