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thanks. that makes perfect sense.

Maybe have an option 101 weekly session for beginners and 201 weekly session for intermediate traders ?

I have been getting better fills on the NDX than the RUT. For the RUT, the lower volume is making the market makers want more and I typically lose about 5-10 cents/contract on a butterfly spread fill. SPX obviously is the best with fast fills very close to mid price. However, the higher implied...

There should be an industry standard for all options advisory services to disclose their trading performance (including spillage and commissions). Lot of these services give either the paper trades (without spillage) or without commissions, and some of them dont disclose any of their past...

On your typical BWB (lets assume on the spx), what is your DTE, size of the butterfly (upper long (call side if iron butterfly) size and lower long (put side if iron butterfly) size) , and where do you place the short strikes in relation to the ATM price ? Regarding adjusting the BWB, i agree...

Are there any paid services, which you have found useful as an option trader? The only one which has been worth the money for me has been OptionNet Explorer software to monitor the trades. And some of the John Locke courses have been useful for understanding butterflies. I used to follow Tom...

I have been using ONE for a year, and fairly happy with it. It does struggle with projecting the right theta decay values for calendar spreads, but that is a limitation of all softwares due to the difference in implied volatility between the long and short option. Otherwise I find it very...

I know Tom does some great work with Excel spreadsheets to monitor option trades. This requires VBA knowledge. Has anybody done any work with google sheets for monitoring option positions ?

@jpluto @DaveN i am in chandler , arizona. i can meet during the weekends or evenings on weekdays.

Somehow after hours, when I check the position analysis on the butterflies in ONE (i use thinkorswim software to connect to ONE), for the SPX, the position delta always show much more negative than it should be and it is skewed. Does not do the same for NDX or RUT, does anybody know why ...

what was the downside adjustment on the BWB they proposed ? must have missed on the presentatin ? who are the eagles ? there was a lot of wisdom and experience on that presentation.

thanks

I notice that some traders when they place a limit order for a spread, place it slightly better than the MID price, in the hope of getting a better fill. Does this stratgey really work out getting favorable prices, or is this just a wash , meaning half of these orders get filled and the other...

Has anybody used S J options for their courses ? http://sjoptions.com/ Has anybody used their companion software Option Color ?