chanson

Kim/Chris, While autotrading sounds great, the cost would have a significant impact on a $48,000 portfolio like the one I have dedicated to the Anchor strategy. With that portfolio size, I'm selling two SPY puts a week, so I would be paying $ 0.173 per week per put for the auto-trading charge (150*12 divided by 52*2), on top of my existing $ 0.057 per week for the Anchor membership (595/52/2). So I would be needing $ 0.23 more per put per week of income compared to the Model Portfolios. In practice, that would mean having to tweak the weekly trades and/or sell more puts. My conclusion seems to be that autotrading is cost-prohibitive for a $ 48,000 portfolio. Am I doing the math right? Thanks.

The "unlimited loss below 153.50" on 7 SPY puts would keep me up at night. A small chance of a wipeout is still a risky trade.

I don't use the Android version so can't answer your question directly, but I wonder whether these rolls are so time-sensitive that you need to execute them as a spread, rather than as a buy followed buy a separate sell. I'd be interested in hearing others' views on that.

Thanks, I think I get it. I was able to sell for 0.24. Is the expected retention period until February expiration, or are you expecting to roll the short option before that?

Hi Kim, Forgive me if this is a dumb newbie question, but where do I find the rationale behind this trade, the risk/reward profile, the exit strategy etc.? How much difference does it make whether I get it at .25 or .30 (currently bid/ask are 0.10/0.20)? Given that IB takes $4.80 per spread as commission, there's almost no credit left - but presumably the credit isn't the point of the trade. As I said, apologies for the newbie questions. Thanks! PS IB shows me a margin of $113 per trade.