Humble

Thank you everyone. I found a workaround.

A question to IB users: Are you able to login to IB account management using 2 factor identification? The TWS works fine, but when trying to login to account management, it send a message to my phone and when clicking on it, I get "error when trying to communicate with the server".

Links to trade topic and discussion topic are included in open trades. It’s just one click away on each screen. Each topic is tagged with the symbol of the underlying. There are links to the last ten topics with the same tag at the bottom of the page.

Yes, very true. There is no impact on margin only if it's a pure debit spread with no margin requirements.

The answer is yes. Margin calculation does not impact debit spreads.

Not possible. Whats the underlying?

Please welcome two new mentors @Djtux and @Christof+ I'm sure most our members know those two members very well. They helped hundreds of members, are well respected in our community - we just making their status "official". They have developed two excellent tools that are widely used by our community members: volatilityhq.com and Chartaffair.com - both tools have RV Charts & Backtesting for Steady Options.

They have some weird rules - weekly options for example can have more strikes. And actually, everyone can ask for more strikes to be added - just contact marketservices@cboe.com

They did it again! tastytrade brings the convicted criminal Karen the SuperTrader to their show again. She is using the fees she collected from her clients to travel the world while her victims still recovering from the millions of losses she caused. https://www.tastytrade.com/tt/shows/tasty-extras/episodes/quick-chat-with-karen-the-supertrader-01-16-2020 Instead of admitting they were wrong to bring her to the show to to promote her, they are doubling and tripling down on a losing trade.

Okay, you mean assignment.. We don't sell naked puts, but assignment is still a risk in some cases because we trade calendar spreads where short options are involved. So if the stock moves too much, short options might become deep ITM and be assigned. This is very rare, but it could happen. In any case, this is not an issue because the stock will be fully hedged by the long leg of the calendar. We will send an email to all registered members when we have available spots.

As mentioned on the subscription page, please make sure to read the Frequently Asked Questions and the service description before subscribing. Both places mention that you need a margin account. And yes, 20k becomes 28k in 2019. Could you clarify your last question please?

Thank you @Yowsterfor an excellent summary as usual. Most of the big losers happened in January 2019 (you can read a full analysis here), and few more in May. Since then we made some adjustments, and in the second half of 2019 the model portfolio was up 63%, which translates to annualized compounded return of 165%, in line or better with our previous years. Our core strategies continue to work very well. In fact, if we traded only straddles, calendars and ratios, the yearly return would be well over triple digits.

Selling the stock short maybe? Or selling some calls against the long calls?

And TradeHawk is available at $60 for SO members as part of Tradier Brokerage Special Offer

@TheMachine The PureVolatility's Tradier/Tradehawk Bundle Package was offered by @SBatch exclusively to his Creating Alpha members. I'm not sure if it is still applicable. Questions regarding Tradier are probably better to ask on Tradier topic, and I'm sure some of them have been answered on that topic. regarding 401(k) - all our strategies use options, so if you can buy stocks and ETFs only, this is not going to work unfortunately.

Market makers make money in a completely different way. They don't need to implement strategies that we implement here, or any other strategies that traders implement. It's not their job. Their job is to fill orders, and take advantage on the bid/ask spreads - this is how they make money. So if your question was "Do market makers Make Their Living By Taking Money From Novice Traders?" - the answer would be yes, but not only from novice traders, from ALL traders. We have hundreds of traders in our community who started as complete novices and became so proficient that in many cases they beat our official fills and get better overall performance. They are not professional traders - they are experienced traders who invested their time and energy in learning and gaining skills and experience. They don't care if options trading is a zero sum game, and they don't care who is on the other side of their trades. They beat many professionals, and they definitely don't believe that professionals are there to take their money. But of course it takes time and experience - like any other area in life.

Again, there is zero evidence that sellers of those puts were professional traders. And they might sell you those calls as part of covered calls trade. And if one of trades gained 100% due to big stock movement, there is no evidence that the seller has lost money - again, it could be part of a multi leg trade.

Yes, this is just one example. What can be an opening trade for you can be a closing trade for someone else. What might be a hedge for you might be a speculation for someone else. What might be a standalone trade for you might be part of a more complex trade for someone else. Different traders have different goals and use different strategies. And the truth is that it should not really matter to you. As I mentioned, what should matter to us is our P/L, not other people's P/L. The "professional traders take my money" excuse is used by many traders to justify their failures. If you learn, work hard and invest in your professional development, you will be able to beat many "professional" traders.

Well, you can definitely believe whatever you like, despite the opinions of at least five professional options traders, and the solid arguments they provided.

No it's not a zero sum game. I believe my example with covered calls demonstrated it pretty clearly. Here is more insights from other professionals: Options: The Zero Sum Game Myth Is Options Trading A Zero-Sum Game? If We Win Trading Options, Who Is Losing?

And yet you cancelled after less than a week.. If this was your impression, I suggest you re read the responses. This is definitely NOT what people tried to tell you. The statement is correct to market makers only, and they make their living from ALL traders, novice and professional. And the guy you quoted is not even a trader.

The simple truth is that you need to work hard and invest in your professional development in order to succeed. This is true in any area, and trading is no exception. If you give up after one week, there is no chance for you to be successful. What is common between trading and weight loss? “I’ll do anything to lose weight (except diet and exercise)” "I will do anything to outperform the market (except study and practice discipline)" People want to make 10%/month in 10 minutes/week work. Just doesn't work that way.

When I do a trade, I have no idea who is on the other side of the trade. It could be another professional, it could be a novice trader, or it could be a market maker. As you mentioned they all might have different goals. Here is one example. When I sell a covered call, I am thrilled when the stock rallies far above the strike price. It means I will earn my desired profit. Better than that — if the big rally comes soon, I will be able to exit the trade with perhaps 90% of my cash objective. It may be true that the person who bought my call scored a big win (if the trade was not hedged), but that’s not my loss. In fact, it was my additional gain (in the scenario presented). There are many traders and options gurus who advocate selling options only. They claim that you cannot make money with options buying. We do it for years with our pre earnings straddle buying strategy. Does it mean that they as a group lose money? Not necessarily. Again, they might have different goals and different strategies. Where does this leave you? Pick your trades carefully and make sure they make sense to you. Consider proper hedges with your options trades, and let the other folks worry about their own profit/loss ratios. You just have to worry about yours.

Experience is important in any area in life. You need to go through years of training and practicing to become proficient and professional. Trading is no different. Professional traders don't rely on novice traders to make money. They rely on their experience, skills and knowledge. But experience gives professionals a better chance to succeed. Novice traders will make many mistakes as they learn and gain experience. This is exactly why we recommend starting with paper trading as you start your journey, and then start small. Prove yourself that you can make money with 10k account before increasing it to 50-100k. This way your mistakes will be less costly. The problem is that most novice traders give up during their first year of trading. Instead of learning from their mistakes and improve, they just give up.

Yes, it changes a lot. NVDA reports earnings on Nov.14, so those options have a LOT of extra time value due to earnings. And the spread value is 3.15, not 0.90. P.S. it's Kim, not David.