izzo70

Is it imperative for what we do hear to have live data on ONE if we are not planning on using it to enter orders. Will historical datat included with program satisfy the majority of our needs?? Thanks, Paul

I thought IV was a the same across all strikes regardless of expiration at any given point in time. Historical Volatility however is based on the same time last year and IV Rank (as is known in TOS) is the difference in change from the same time last year. I can see now that IV% changes with the expiration. That is why i thought we got 18% lower IV on this trade because June was at 38% and when we did the trade it was at 22% (or something close to that). I can now see June IV is 41.5% and July is 24.9%. I will have to read more on this to understand why that is. Thanks guys for your help.

I only ask for educational purposes and not to question the price. Believe me, im pretty new at this and am happy to be a part of this forum. Could we say that an extra week of theta would be worth 1/4% in most cases or just in this case? It also appears that the IV went down by approximately 18% today. Does this weigh good in our favor as we bought when IV was lower?

Considering that ORCL IM was 5% and the June straddle entry price target was 4.5 - 4.7% or ($1.75-1.80) . We ended up paying approximately 1% more for the July straddle to decrease THETA, right? How did we determine the approximately 1% increase in the July options entry price was fair or good for the ______% decrease in theta. Is , for example , 5 theta point decrease worth 1/2% or 10 theta point decrease worth 1.0% increase in options price?? Is there a formula somewhere to be able to calculate this? If my questions is completely off the mark I apologize. Thanks, Paul

You can open an account through tastytrade which gives you a commission rate of $1.50 per contract. You can then use their Dough platform or TOS. Either way it is $1.50 commission. Still higher than IB but much less of a learning curve with TOS vs TWS. I am planning on using IB (TWS) myself and just working through the issues to get the better deal.

This was extremely helpful. So far the most difficult thing about steady options is the IB TWS for desktop and Ipad. I can spend countless hours figuring out the strategy. Even if i understand the logic behind the trade, and am ready to pull the trigger, if i dont know how to do it on IB whats the point. The education they provide on their site is not very good and doesnt deal with allot of what were doing. At least thats what ive found so far. A couple more hours of these IB webinars would be great. Thanks, Paul

Thanks for the update and i will re-read that section.

Well, you did cleary state: "to hold through earnings". I am assuming it is a modified earnings trade being that the underlying historically has little movement.

HI Kim: reading this definition of earnins calendars from the iron condor and calendars forum would we necessarilly describe the original AZO an earnings trade as we sold post earnings month? Here is the quote from that section: How about earnings calendars? One of our strategies is playing earnings with calendars. Typically we would buy options expiring after earnings and sell options expiring before earnings. Thanks, Paul

Hi, I am a newbie here. I am trying to fully understand the AZO trade Kim posted yesterday. THis was the first trade since i joined. Unfortunately i wasnt able to get in, but i would like to fully understand the logic prior to being in anyway. I have been reading the forum for Iron Condors and Calendars that Kim created. He talks about "The P/L graph of the single calendar looks like a bell while a double calendar looks like a tent." My question is: Is there a free software i can use to get the visual on these P&L graphs. I had a paper TOS but that expired. Thanks, Paul