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  1. Today
  2. Ringandpinion

    Welcome to Steady Options

    I would like to change my billing from monthly to quarterly to save a buck or two. Couldn't figure out how to do it from my profile or such. Please advise.
  3. Hi there. US markets will be closed tomorrow. Are we getting the signals today, or tomorrow? @RapperT
  4. Mercury1989

    Forex Robot / EA suggestion

    In 2007, I started working as a currency trader and when I found out about the existence of bitcoin, I decided to invest a small amount of money in it. I remember not sleeping at night because I was watching the changes in its value and was afraid of losing the money I invested. Now many traders don't even know how this system works and don't succeed in this area, because they don't have the basic knowledge. Personally, I've never used a bot, as I consider it disrespectful to this profession. For several years of working on the Forex global ltd platform, I managed to earn more than $ 10000000, and this is all thanks to the experience that I received in the period of 2007-2012. Study this area and you'll succeed!
  5. I have always been fascinated by the stories behind hedge funds that blew up. This is how I got on track to Cordier & Gross' book "The Complete Guide to Option Selling". That said, I found out that there was a second book they had written, which had been due to publish in Feb last year under the name "Options on Steroids". However, due to the infamous BLOW-UP of the hegefund, this book never made it to print (yet). At least that I can find. I am just curious if anyone knows if there is a chance in hell of this ever making it to print one day, or if a few alpha copies may have been floating about? I would be quite interested in taking a peek into it, even though the advice will be considered too risky by many I am sure. Thanks guys.
  6. Sesha

    Welcome to Steady Options

    https://steadyoptions.com/forums/forum/topic/5168-the-rational-trader/ thanks
  7. Yesterday
  8. Kim

    Welcome to Steady Options

    The ration article applies to calls and puts, just reverse principle.
  9. Sesha

    Welcome to Steady Options

    Where can I find hedged put ratio strategy write up ? I found all others but not this one. Thanks
  10. Lippy1m

    Welcome to Steady Options

    Hi Kim, I would like to sign up for Steady Options when an opening come up please. Matt
  11. Last week
  12. gf58

    IB TWS Features

    No probs! My first time around with SO I did it all from the TWS tabs with generic combos but this time I've become fond of option trader. Its much quicker to bang out combos than the generic combo builder (ie. it adds a buy/sell depending on whether you click bid/ask rather than just alternating buy/sell like in generic combos). Plus I recently discovered that you can have multiple tabs in option trader (up the toop Option Chains>Add Tab) which makes managing multiple entries at the same time easier.
  13. agsb

    IB TWS Features

    Thank you! Everything works now! I guess it proves once and for all that I've never placed an order using OptionTrader despite trading options continuously on IB for the last five years.
  14. gf58

    IB TWS Features

    @agsbAfter you've created them in the strategy builder + added them to the quote panel click on the ask (that 1.45 or 1.50) to add a buy order for the put calendar (or click on bid for a sell order)!
  15. @Jasper I ended up just using the M6A futures contracts. They have excellent liquidity/spreads and IIRC currency options behave differently to stock options somehow (I think its WRT to IV) and I wanted to keep this part as simple as possible. They're worth AUD10,000 each so I go long 1 for each AUD10k of SO positions Im holding. I dont really have an opinion on which way its going but absolutely hated the burn on my account from the run in May. I might have felt a little better about it if Id got the gains on the way down but alas. Makes sense to hedge if you're looking for certainty of payout; I could easily imagine a situation where the RBA raises rates earlier than the rest of the world if things clear up here much earlier.
  16. Kim

    Welcome to Steady Options

    There is no separate video for strangles - it's the same principle.
  17. 1440

    Welcome to Steady Options

    Hi Kim- Maybe I'm missing it, but where is the video link for the tutorial on how to trade strangles? I see the hyperlink for straddles and strangles but the video only discusses straddles. Thanks.
  18. agsb

    IB TWS Features

    I'm trying to learn how to use the One-Cancels-All (OCA) feature for options orders in IB. Thanks to @gf58 I know that it's possible to do it in the OptionTrader window. Let's assume that I want to place only one order for a DIS calendar put. I'd be fine with strikes 105, 110 or 115. Using the Strategy Builder tab I can create a calendar order and then move it to the Quote Panel (I did it with 110 and 115 strikes). But the place to create an OCA order is in the Orders tab where I inserted the OCA Group column. Unfortunately, I only have a single leg per order here. How can I get a calendar put in the Orders tab?
  19. Kim

    Welcome to Steady Options

    As mentioned before, you need to create a forum account and we will notify all registered members when we have available spots.
  20. Guest

    Welcome to Steady Options

    Hi Kim really like your approach and would like to join SO when open to new members again. I am reasonably experienced (> 6 yrs) in options trading, mainly selling various combos. Thank you, Henk Snyman. henksnyman@me.com
  21. Kim

    Welcome to Steady Options

    As mentioned on the subscription page, The Bundle subscriptions include all current and future services. That includes SteadyOptions and all other services.
  22. Colin

    Welcome to Steady Options

    Hi Kim, Really interested in joining steady options as well. Not sure what else is required for sign up? If I choose the one of the bundles am I still in a wait list position? What type of time frame before spots open up? Colin
  23. Jasper

    Hedging non USD base currency accounts?

    @gf58 For a rise in AUD, do you have any opinion regarding hedging with call spreads on FXA (low liquidity) or put spreads on UUP? Something you would be able to manage yourself.... FWIW, hedging is on my mind when I have plans to withdraw USD to home currency in the foreseeable future. Otherwise I leave things to the ebb and flow of the market and quite like the diversification it achieves.
  24. RapperT

    Welcome to Steady Futures

    The trade confirmations are positions we rolled today. If you just joined, best thing to do is open positions in all contracts targeting the delta in the trade post for today. For longs we use call or call debit spreads. For shorts we us puts or put debit spreads.
  25. Revisiting the CFD topic for people who can trade those: With today's switch of CL to DOWN, I have closed my CFD trade in the .WTIm contract my broker offers. Comparison: System trade: Delta of -0.043 = entry for a $480 debit, exit for a $390 credit = loss of $90 minus commissions of approximately $9.28 (using IB). My CFD trade: Short entry at $40.41, size 0.4 lots (=0.04 delta), exit at $38.34 = loss of $82.80, no commissions, no other cost. Because my delta was about 7% off target, the P&L difference of $7.20 seems perfectly in line. So far I like it. Managing CFD trades is much easier to do than option trades, especially if I'm tired on what for me is a Friday afternoon. No fiddling with expirations and trying to get limit orders filled. Also, switching WTI to short is an atomic operation if deltas stay the same (in my hedging account, I can first open the new opposite trade and close the old one afterwards). I like the absence of explicit cost, at least for WTI. I still have the GC trade running from last week, that one as a CFD trade has accumulated a financing cost of $3.25 so far (but no other cost). Let's see how it works out next week. Our option spreads have the obvious advantage of being limited-risk, and for that reason I might very well stay with options in the end.
  26. Bravesfan8989

    Welcome to Steady Futures

    As a new join can you explain how to look at the emails like [Trades] Steady Futures Trades, 26 June 2020 Is any trade not labeled a "close" a new trade entry?
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