damnu812 0 Report post Posted September 10, 2012 I did the backspread on the vxx friday. Just a quick question. I entered as 10 contracts on the oct 14 call and 5 contracts on the oct 12 call. OX shows it as a 5/5 spread then a seperate 5 contract option call on the oct 14 calls. Is that right the way they set it up or did OX screw up again? Thanks for your patience. Share this post Link to post Share on other sites
Marco 223 Report post Posted September 10, 2012 seems they don't recognise it as a strategy. So when you close it you may have to set it up as a custom strategy. I don't know OX but seems you could enter it as a strategy when opening it. The trade however is the one that Kim put on. Share this post Link to post Share on other sites
Xfanman 9 Report post Posted September 10, 2012 I placed this order as a Spread on my OX Virtual Account and it shows it as a 10/5 Call Spread which I can close as one order. How are you entering these? Share this post Link to post Share on other sites
damnu812 0 Report post Posted September 10, 2012 Xfanman I just talked to OX rep, he said when entering this order as a backspead the oct 14 calls 5 were entered as a long call and the other 5 were entered into a spread with oct12 calls. I entered it as 10 oct 14 calls and 5 oct 12 calls. So dont know for sure if i did it right... Share this post Link to post Share on other sites
Xfanman 9 Report post Posted September 10, 2012 Well I just looked at the "Trade" I did to close this position and I had opened up the identical position. I then STC the 5 - 12 Calls and BTC the 10 - 14 Calls and it closed my position with one order. So it does appear it can be done. My guess is you didn't open it correctly? Are you using their Xspread function? Share this post Link to post Share on other sites
damnu812 0 Report post Posted September 10, 2012 No all in one trade ticket.....so the X spread make it possible to do the backspread, is that what you enter all your speads thru Xfanman on the ox platform? Share this post Link to post Share on other sites
Xfanman 9 Report post Posted September 10, 2012 Yes, their Xspread is what I've been using on these virtual trades and its allowed me to make all the trades you were having issues with. I don't trade with OX, I had just set up an account to look at them some months ago so I was trying to help you out I use IB and OptionsHouse to trade with currently. Share this post Link to post Share on other sites
damnu812 0 Report post Posted September 10, 2012 I appreciate the helping hand Xfanman. Share this post Link to post Share on other sites
