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4tach

Mem_C
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Everything posted by 4tach

  1. As I understand #2, all discussions go one place; all trades to another. If both are used with keywords such as TLT, TIF, TOL then a reader (user) can find (assemble) all info for one underlying (by using already available keyword searching features). The actual trades (opened and closed) are of most interest to me and a scroll through a trades thread seems fairly easy. General human laziness will likely work against each underlying having a separate (but viable) thread.
  2. @RapperT I am a new trial subscriber to ONE and I use IB. Are you able to get any IB data feed after the 4pm close? The little green dot on the lower right of the main screen is grayed out and the option chains doe not fill in. Is this your experience? I understand that ONE provides "historical" data but not for the current day after circa 4pm. Is this your understanding? Also do you know how to limit the data lines pulled from IB ? I get a pop-up notice saying I have exceeded the 100 line limit but I just ignore it and data keeps coming in.
  3. @Yowster Yes that is what I am seeing: ratio trades (maybe a call ratio spread (one call ITM and two-three short calls ATM)) and a 10am long strangle and a late day short straddle. Also, as you say, he gets pretty far into the options pricing dynamics and more specifically into the almost hour-by-hour Friday expiration behavior. I recognize that a common criticism is that Augen is dated and not pertinent to today's market but I continue to wonder. Augen seems to have done a lot a data munching and has a couple of biases that he cites as deeply ingrained in the trading system: especially his comments about the Friday behavior that he calls patterns. My curiosity is driven by his almost law-like observations that I think he contends go well beyond his samples that he presents. My interest is centered entirely on his Friday expiration discussions in which he points to advantages that private individual traders possess in the closing hours and in the morning hours too by learning to identify two or three fairly simple patternings in the underlying. Do you have time and/or access to the book for any further banter about this point-of-view?
  4. @Yowster Do you recall much of the Augen book Trading Options at Expiration? I am a newish options trader and new to SO [Newbie] but I got into reading this short book and then this topic so that I how I came to this question.
  5. Newbie here. Trading on IB (Interactive Brokers). I am learning to use the line charts to view the price movements on a calendar spread (and that is quite revealing) and after seeing one of these charts in a recent Kim post I was able to migrate from my quote monitor screen to segue to the line chart. These charts (IMO) do a lot to explain the Bid-Ask spreads that are on the primary quote monitor screens from which I usually place an order. Today I was watching the line charts to decide an optimal entry point and entered a trade (actually two of them but for small contract size of 2). The problem that I later ferreted out was that my chart was not updating so I used a 'stale' entry point for the transaction (and was filled immediately). From hence I will always request a new chart before transmitting the bid. (I put this here so as to perhaps consort with another as to this so-called glitch and to share my pain in hopes another does not do as I have done.) I would like to know if anyone else has had this or similar dreadful little nightmare and if there are better remedies than calling for a fresh chart (I may have a slow data feed but other indicators suggest that the data stream is OK.)
  6. @Ophir Gottlieb In the above quote there is mention of a TSLA link that outlines a possible strategy. Can we set this up? I am a newbie so here is my pitiful rendition of such: [BUY 40 DELTA CALL & PUT] [SELL 10 DELTA CALL & PUT] which I translate to mean (in today's environment with TSLA @ 300) TSLA MAY 19 2017 280/295 355/370 IRON CONDOR In other words, it seems to me that the CML TradeMachine has great value in winnowing down and outlining a strategy and then the trader community (SO) has to further refine and discuss the details to see if it (the stragegy) has good prospects. Is this the line of thinking that you think?
  7. @Yowster Trading volume and Open Interest (OI) seem to be important. Do you routinely look at those parameters as you finalize a trade? Would you move to a strike that has high OI to obtain a "more tradeable" position? Does a high OI make a nearby strike more favorable?