xpresstalk

IC is what I used to trade exclusively before joining SO. Yes, this would meet the traditional definition of a Iron Condor.

I have been looking at a very similar trade. This is pretty conservative. I am joining you in this. Although, I have only got 1 contract filled so far.

Took the 30% and ran! This erases most of my August losses. Back in positive territory now!

OK, So I am up 30% in this trade. It is: Sold 1 Sept 21 700 call at 6.10 Bought 1 Oct 700 Call for 16.60 My orginal plan was to let the Sept Strike expire. Looks like it will be ITM soon. So that plan is out the window! I am in uncharted territory here! So, a little advice from the SO community: If you were in this position, would you: -Take your profits and run! -Stay in either seeing if AAPL will have a pullback -Roll the Sept 21 700 call next week Thanks in advance for any reply!

Interestingly, I entered this trade this morning before I saw that y'all had started talking about it. We will see. I'm in only one contract.

OK, thanks!

For the most part I follow the SO trades. I made a mistake Friday that resulted in my buying a position that I closed within the hour. That may be what triggered it. Is IB against day trading? Just wondering? I don't do make it a habit of day trading. But, just curious?

OK, so I am trying to put in a order for a 21 Straddle on NAV, I have tried twice and IB automatically cancels the order with a message that says "Canceled by system: Potential Pattern Day Trade NAV SEP2012 21.00 C" Anyone run into this before or know a possible solution?

Thanks again RobertB!

OK, so I just tried again. Still negative! I should have taken your advice on the paper trading. Unfortunately, I already have 2 open positions. Just entered same trade using Webtrader and got a positive number. Maybe, I just need to enter orders via Webtrader for now! Below is TWS:

Oh, makes sense! Thank You RobertB!

OK, so now I see what y'all have been talking about on the negative numbers! Once I enter a position, I like to enter a "dream" limit sell order. (I know IB is gonna charge me to modify, right?). At any rate, it helps me when busy with my job to be able to adjust the sell quickly! So, the LNKD trade I set-up a GTC order to sell for $5.00. It reads as a positive number. Then I set-up a order to sell the DIS Straddle for $2.76. This immediately reads as a negative trade. I choose the option to sell. Yet, it reads as a Buy. I immediately canceled the order. I have used TOS, OX, and Zecco. Nothing so far has been as complected as IB. Quite a learning curve! I used the TWS to enter this trade under the combo section. Can anyone tell me what I am doing wrong here?

Thank You Xfanman!

OK, so I am fully funded and ready to start trading on IB. It would appear that I have delayed market data. I am putting in mid price for what I am seeing quoted and never getting filled. I checked OX for the same trade. Their bid/ask totally different than IB. A pop-up frequently comes up and says do you want delayed quotes? Anyone know a quick fix to my dilemma? I must have done something wrong on set-up

Thanks for this! I tried with no luck. Called support and they said only Apple products can trade multi-legged spreads. They said might be on the next update.