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Showing content with the highest reputation on 03/26/19 in all areas

  1. Please welcome two new mentors @krisbeeand @rasar 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".
    6 points
  2. @Anderson317 1. For spreads, Tradier treats each option leg separately for their PDT logic and calculation. If you had 2 separate calendar trades that were open and closed on the same day, that would be 2 legs on the first calendar and then 2 legs on the second calendar. So 4 "trades" in one day regardless of how your option legs were setup in spreads. So your guess as to how this happened is right on the mark. This is also what I learned from asking Tradier directly. 2. To remove the PDT status, just email them and ask them to remove it. Simple as that. You can do it once every 90 days. I know because that is what they said and exactly what I did. (I've removed it once so far) 3. To avoid PDT status, don't open and close more than 4 options in a single day. Remember to count each option leg separately in your spreads. -Note that the actual number of option contracts would not matter. (as least that is my understanding) For example, if you had a calendar position with 42 of the short leg and 42 of the long leg, and you opened and closed it on the same day, that should be 2 day "trades". For future questions, try asking Tradier directly, they're pretty quick with responses and not bad with their customer service. (Unless you're asking for opinions on steadyoptions. If so, then feel free to ask away. I'm always up for discussion.) EDIT: Regarding your message about options expiring today, you should ask Tradier directly as such a message makes no sense at all for today, a Tuesday.
    2 points
  3. Congrats @krisbee and @rasar I've always enjoyed your posts. I haven't been posting as much but came here to do at least this much!
    2 points
  4. Definately you got the right guys, very nice!
    2 points
  5. Fantastic - this group has such talent . . . I have a long ways to go, but am putting the work in. Thanks for all the mentoring guys!
    2 points
  6. Very much deserved, congrats. @krisbee and @rasar are great contributors.
    1 point
  7. Well done Krisbee and Rasar. Well deserved. Onwards and Upwards or as we say in Ireland. May the road rise in front of you and the wind be always at your back!
    1 point
  8. Great news. Congrats to the both of you!
    1 point
  9. Great additions to the list of mentors available here at SO. It is good to see members being called out for their contributions to SO.
    1 point
  10. I am honored to be asked to help mentor the CA PV forum. A little about my background: I started self-directed investing in stocks 25 years ago and augmented that with covered call selling and collaring about 10 years ago. I wanted to get more serious about trading options and spreads, so after a lot of research I decided upon SteadyOptions forum in 2013. It was here I really learned the importance of key principles like position size, portfolio balance, risk/reward planning, and often overlooked trade execution skills. I still trade a few pre-earnings names I follow when conditions setup and time allows. In the last few years with the air getting thin in stock market valuations I began to work on long equity portfolio hedging techniques. I focused my learning time (with the help of a mentor) to establish a background in taking advantage of market conditions to create low cost ways to add long gamma and vega positions to offset the risk with long equity exposure. I’m excited about the strategies in the CA forum and continuing to learn amongst the members there. -Tim I use (not intended to endorse any of them, just fyi): Tools: LVX, ONE, TOS, VolatilityHQ, custom Excel/Python tools for scanning, and more recently testing out TradeHawk Brokers: TDA, Tradier, IB Stock research services for fundamental analysis: Stansberry Research
    1 point
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