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Is there a reason why a longer DTE would gain more p/l per day with lower Theta than a shorter DTE ? I am doing simulation in SNOW with almost the same strikes one is expiring on Jul 28 and has 56 Theta and p/l of +$18 The other one is for 20 Oct expiration and has 18 Theta and p/l of +$79...

This is not a trade in the library It's just something I tried on my own If you subscribed to the butterfly workshop there is a presentation tomorrow on the MEIC

Well that did not work out I made an adjustment in the morning by using a short fly to take out the dip between the two IC's so that left a wide IC but with this big move down it went past the lower leg of the IC so it looks like -185 loss as if it expires above 4525 otherwise it could go lower...

I heard from Wayne that he developed a butterfly edge indicator Supposedly this will show how much edge a butterfly has ATM if it is worth it to place the trade or not He said he will talk about it in the butterfly workshop and perhaps bring the indicator to Aeromir

I had to make another adjustment today on the simulated trade to keep up with this relentless move up as it was outside the 3rd IC tent I closed the original IC and upended a new one further up Before closing the original the Theta was -86 and delta was -2 but still had a small profit After the...

I am still in the 20 JUL simulated trade Without that adjustment from yesterday it would have been down about -120 but with the adjustment it's up +47 and that's with 15 points above the upper long I made another adjustment just now with another iron condor next to the one from yesterday so now...

I did a simulation today with the 5 wide setting on MEIC although I just entered 1 trade I got in right at the open with -4520/+4525 call and -4490/+4485 put the credit was 245 with 255 risk I checked on it at noon and it was up about $60 so I could have closed it with 24% gain but I wanted...

From the member home page go to the library

I watched to presentation for the Portland options traders meetup where the MEIC trade planer was shown and I was wondering how it is supposed to be used I changed some of the settings and it says it's ok to trade but I am not sure if that is correct or not or maybe the tool is not quite...

The p/l still did not look right so I contacted the live support chat in TOS and they determined that this price is coming from a sim price in the analyze tab which you can find by clicking on the open p/l in the price slice It looks like there is a much bigger difference in the futures than the...

Well that is easy to say possible long. Anyone can do that. It's almost like a 50-50 chance than if it doesn't work out it's not his problem Even if you got the right directions with options you can still loose It might be easier to do a quick in and out long straddle when there is a big move...

It would be interesting if he could do it I imagine he would have to change all his settings and all the overnight levels would not be of much use on a daily time frame Also he would have to decide on an expiration time in addition to a price level and vertical type short , long, put or call

I watched the replay of this video and there was a suggestion to see if if this could be done on SPX While that sounds good in principle in reality it's not the same as doing it on /ES or /MES because you can't trade SPX directly and trading options is completely different from the underlying...

Apparently that was the case although it took until after the holiday to take the gain off from Jun 30 so that's 5 calendar days after the trade was closed still not clear why it was affecting the farther out expiration than the closer one At least now it's much closer to what the T+0 line is...

TD is trying to tell me that this extra $70 comes from the p/l day that I closed on /CLQ23 which doesn't make sense as the current trade is in a different expiration That's like saying you got some extra profit on MSFT that you closed and shows up on a new trade on AAPL After doing some...

I am using the boxcar-tool spreadsheet that Tom created It has a monitor tab of which I made several copies one for each account or brokerage and it also has the dashboard which I also edited so I can look at all the accounts in one sheet at a glance and they all run live with RTD More...

Is there a way to delete a post ? I can edit it but I don't see a way to delete it

Originally I was asking about the /ES T+0 line being off but I found out later on that it was because I did not use the exact expiration /ESZ23 and I was using /ES so the T+0 line did not match the price slice P/L Now I find a different problem with /CL where the T+0 line matches the P/L on the...

September 1 is the date for the transfer of Etrade to Morgan Stanley

It looks like you asked this question a few times in the past I used to download the trades and rearrange the data in a way that made sense to me but after Tom created the day trading spreadsheet that is much better Unfortunately I am not sure if that is still available as the newer...