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What you are seeing and suggesting is true. It seems that whenever you have more than one expiration in options, or in the case of futures, different contracts, e.g. H and Z, you'll get some wonky-looking graphs. I've found this when I'm trading a BWB and add a calendar that's shorter-dated...

Hi All, I've been asked by a few members in private conversations/messages about success and longevity in options trading. I think this might be an important and probably very interesting topic for a number of people in this Trading - Options category. We've certainly gotten a glimpse into...

I'm interested to hear more about this as well. We all know that ToS needs lots of memory and resources, unless you are running bare bones and not doing much in the way of analytics on the platform. But the Virtual CPU and memory tiers get pricey pretty quickly. I cannot picture a smooth...

Steve, great insights and sharing your perspectives about how to manage or adjust existing positions based on your market expectations! Most traders will view butterflies as a static instruments, but here you are showing how it can be deconstructed into its parts, and work for you.

I appreciate the explanation Steve! And yes, I can see where it makes sense to keep a fixed width on the BWBs to notice price differences over time and IV changes. Thanks for the link and code for Ninja Spread. I saw that in some of your recent videos.

Thanks, Steve! It looks good: a 60/50 Put BWB for a credit with some good "tent spread" to cover this downside move. It's probably a subject from your class, and certainly a different thread, but I'm curious about your widths, both vertical and horizontal. I generally prefer to look for...

Great video Steve, thanks for sharing. You explain your perspectives and concepts very well!

Nice! Thanks for the link and sharing, Gary! Calling a Python function from Excel that's written in the embedded notebook can really open things up.

Hi Gary, I'm offering a different data point. I leave my ToS open and running all week, 24x5, running on my trading server/workstation, shutting down only on weekends. No issues such as yours. I run the TDA API as well. I did notice issues today with my IBKR connection which seemed to be...

This is a great idea, Tom! I'm hoping you gauge interest by not only attendees at the live sessions, but also by traders like me who aren't able to make the session, but do catch up using the YouTube recording. Thanks so much for posting those!

I've noticed this as well in real-time on the Analyze tab. The Margin shown is not correct, or maybe correct for them but not the way I'd expect. When I'm putting in the order, it shows differently on the "Are you sure", I mean order review dialogue before I hit "Yes, please send my order" I...

I do like the Futs pricing part of this. (Me --> USAF in the younger part of my life). I'm wondering if anyone can weigh in on the options. I like the idea of OptionStation Pro. I used to use the early TradeStation products (TS4, TS2000) and really liked them. I'm hesitating though; I see...

Flagstaff, AZ (any Phoenix traders?)

The first thing to do is compare with other sources, like your brokerage(s). If not that, check the options chains online. They are delayed but you'll be able to see if the strikes exist. Generally speaking, as @status1 indicates, it's a new expiration and those strikes aren't available or...

I agree with all of the previous posters. These are great points. Also, consider that possibility that because the SPX price is frozen until the open of Regular Trading Hours (RTH) the next day, that this could be throwing things off on the Risk Graph. I'm not sure, but I think that ONE does...

JH70, I'm running with "IB Option Chains" checked, and I'm wondering what small item in IB that you changed. Is this something in Market Data Subscriptions? I'd like to try the same.

Thanks so much, Tom! This is extremely helpful, and as Marcas says, it really underscores how much content you've created. Your contributions and this site is much appreciated. A big THANK YOU!

As I understand this, for Options, it will be ThinkOrSwim (ToS) or IBKR Pro which will provide that Direct Market Access. The rest will be PFOF, or Payment for Order Flow. I assume this is what you are asking about. Those brokerages will let you specify routing or to use their smart routing...

Hi Rick and Marcus, Thanks for sharing your thoughts and insights. I'm just starting in on both of the API's for ToS and IBKR in Python. Lurking and following right now, hoping to contribute as I ramp into the project(s).

Thanks for the heads up, David! These will be worth watching as the liquidity grows should they be approved and implemented. I like the increased span of expirations each week for adding time diversification into strategies and spreading entries across different days.