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I called Schwab/TDA after my attempt to purchase the RUT Call Calendar was denied and was informed that calendars on Indexes like SPX and RUT were not permitted. It might be a different story in a larger account with PM but I put this trade on just about every month in a $50k Reg-T account. I...

I'm sorry for the typo. It is, indeed, a 3/15/24 RUT Rhino trade (expiring in 52 days). Good catch! It is a broken wing Put Butterfly with 1/2 put on 80 days out, and the 2nd half scaled in at 56 days. In the past, a standard adjustment to increase delta would be to buy a CALL Calendar at around...

Just to add my 0.02 cents to this thread. My accounts are still with TD Ameritrade. I tried to flatten the delta on a 3/15/04 RUT Rhino trade by buying a call calendar at the .40 delta and received the following message on TOS: "This strategy is not currently being accepted." I guess I'll have...

Just to follow up. Tech support contacted me and advised me to go to the TDA website and download and reinstall TOS. That worked and I am back up and running. Apparently, due to a weekend update, this affected a large swath of users but not all. Cheers!

Morning all. There seems to be issues with Think or Swim (TOS) loading this morning. The loading screen seems to stall at "installing updates". I called TOS tech support and they informed me it is a system wide problem, and they are aware and working to fix it ASAP. At 8:00 am Eastern time, it...

I think we all know that a certain Congressman from the district next to mine here on Long Island invented the Butterfly. Just sayin'... :cool:

I have taken John Locke's M3.4u trading program and traded it for the past two years. It is a scaled down version of the classic M3 strategy with fewer adjustments. In fact, John usually teaches and tracks it in 2-lot trades compared with 10-lot or more trades for the M3. It is a broken wing...

I just cannot recall a time when there was SO MUCH Federal Reserve chatter. Of course, we all understand the need to stem the tide of inflation (especially those of us who came of age in the late '70s and early '80s). And the semi-annual ritual of the Chairman testifying before a clueless...

FYI, this was resolved by downloading and reinstalling the latest version of the ONE software. Onwards....:cool:

Is anyone else having issues connecting with ONE this morning? Kind regards, Mike Forgit

Don Kaufman in his Friday evening TheoTrade video (available on YouTube) did a whole segment on the risks of 0-DTE trades. He described the market maker hedging process and how that has the potential to trigger a gamma squeeze up or down. He pointed out the outsized volume levels in the SPX and...