I had heard either during a webinar or maybe in a magazine that calendar spreads
are best put on with high priced stocks.  Is there anyone that would explain to
me why it would be advantageous?  Or maybe I'm just mixing this up with some
other strategy?

Thanks,
RFH

You have joined!

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, Sanjayshah <sanjayshah@...> wrote:
>
> iam interest join in this group
>

iam interest join in this group

----- Original Message -----

From: cg11999

To: OptionClub@yahoogroups.com

Sent: Tuesday, November 17, 2009 12:36 PM

Subject: [TheOptionClub.com] Re: option traders oregon/washington

 

--- In OptionClub@yahoogroups.com, "paul7313" <paul7313@...> wrote:
>
> I would like to mingle with option traders
>

HI Paul,

I am on the west coast as well and I would be happy to mingle with you. I am going to the money show this weekend in vegas. Can you make it there?

--- In OptionClub@yahoogroups.com, "paul7313" <paul7313@...> wrote:
>
> I would like to mingle with option traders
>

HI Paul,

I am on the west coast as well and I would be happy to mingle with you.  I am
going to the money show this weekend in vegas.  Can you make it there?

To: OptionClub@yahoogroups.com

Sent: Monday, November 16, 2009 9:54 PM

Subject: Re: [TheOptionClub.com] option traders oregon/washington

 

Paul,

 

My name is Greg and I also would like to hear from others.  I live in Florida and have very little option experience.  So I am basically looking for advice from others.

 

Greg 

---

From: paul7313 <paul7313@yahoo.com>
To: OptionClub@yahoogroups.com
Sent: Mon, November 16, 2009 11:23:45 AM
Subject: [TheOptionClub.com] option traders oregon/washington

 

I would like to mingle with option traders

Hello:

I am considering attending Steve Nisson's Advanced Candlestick charting course.
Has anyone had experience with his training courses before?  I enjoy his books,
but wondering if it is worth the trip.  Thumbs up? Thumbs down?  Thank you, 
Riley

I would like to mingle with option traders

Thanks for the reply, Chris.  I found someone who has a copy and he has promised
to tell me how much detail is covered.  I assume the DVD will be available for
awhile?

RFH

--- In OptionClub@yahoogroups.com, "Chris" <chris@...> wrote:
>
> Rob,
>
> I have not seen Dr. Summa's CD / DVD, so I'm a bit at a loss but my
> impression is that its all about what can be covered during a set time
> period.  Webcast = 1 hour.  DVD = about 2 hours.  So, I'll venture a
> guess and say he goes twice as deep on a DVD as he did on the webcast.
>
> If you're looking for specifics as to what is covered on his DVD, I'd
> suggest getting in touch with him.
>
> For those mulling over the Winter Camp, I have been working with Dr.
> Summa on that and can tell you that it's going to really be an intense
> "top down" dissection of some very effective approaches.  If you're
> relatively new to options, we will be laying a very solid foundation and
> the dynamic of a small group and the fact that both Dr. Summa and I will
> be there will allow for a great deal of one-on-one attention for those
> who need a little extra help.  Those who got the basics down, the
> initial discussions may be largely review but from there it will get
> intense.
>
> Christopher Smith
> TheOptionClub.com
>
>
> --- In OptionClub@yahoogroups.com, "drrobhansen" <robhansen5252@>
> wrote:
> >
> > Chris, there was a DVD or CD which Dr. Summa has available.  I was
> wondering about how deep he goes into his adjustments.  For example, in
> the recent webcast, he talked about adding a calendar to an iron condor,
> or moving the threatened wing away from danger with a butterfly
> addition.  I was wondering if these techniques are discussed in depth in
> the DVD.  Also, there was mention of doing adjustments for other complex
> option techniques, like calendars and diagonals.  Are these techniques
> presented as well?
> >
> > Thanks,
> > RFH
> >
> > --- In OptionClub@yahoogroups.com, "Chris" chris@ wrote:
> > >
> > > I have had the recent pleasure to become acquainted with John Summa,
> > > Ph.D., who operates OptionsNerd.com.  For those who don't know, Dr.
> > > Summa has been teaching options for may years and has developed a
> > > reputation among "those in the know" as a very astute options
> > > strategist.
> > >
> > > Some of you may have attended the recent webcast I hosted with Dr.
> Summa
> > > or you may have watched the video re-play of that presentation.
> During
> > > that presentation, Dr. Summa reviewed three methods of adjusting an
> iron
> > > condor against an adverse market move and I have since received
> several
> > > e-mails from members sharing how they used the knowledge from just
> that
> > > one hour to protect themselves during the recent correction.
> > >
> > > That was just an hour.  Consider the value of three days...
> > >
> > > This coming January 15th -17th, Dr. Summa is hosting a Winter
> Options
> > > Trading Camp in La Jolla / San Diego, California.  After spending a
> good
> > > deal of time talking about options and our specific theories and
> > > thoughts about trading options, he asked whether I would like to
> take
> > > part in the training camp.
> > >
> > > I did jump at the invitation, but I also thought about everyone here
> and
> > > spoke to Dr. Summa about making a few special arrangements for
> everyone
> > > here...
> > >
> > > Dr. Summa's Winter Options Trading Camp is a 3-day event.
> > > Attendance is strictly limited.  This is not the typical hotel
> seminar
> > > with a room filled with hundred's of people.  The event is a
> > > collaborative, small group training session between Dr. Summa,
> myself,
> > > and a small handful of fellow traders.
> > >
> > > Take note here...
> > >
> > > The seminar price includes your hotel (4 star) accommodations, your
> > > meals (that's breakfast, lunch, and dinner), DVD's and training
> > > materials.
> > >
> > > Dr. Summa has offered his students a $500 "early bird" discount.
> > > Our group get's that, too...
> > >
> > > I really want to see our members there, though.  I began thinking
> about
> > > why people would not want to attend and figured one of the bigger
> > > obstacles would be the travel cost.  So, I got on one of the
> Internet
> > > travel sites and looked up cross-country airfare from New York to
> San
> > > Diego and found that I could buy a coach ticket for $279.  Then I
> called
> > > Dr. Summa...
> > >
> > > I told him that I not only wanted the "early bird" discount for
> > > my members, but I would also like him to "pay our airfare" to
> > > the event.  We talked a while about that, but he agreed.  In fact,
> he
> > > rounded up to an even $300.
> > >
> > > So, Dr. Summa is giving us the "Early Bird" discount and a
> > > "Pay Our Airfare" discount, knocking $800 off the price of this
> > > event for our members.  Thank you, Dr. Summa!
> > >
> > > That's not all, though.
> > >
> > > I've been traveling a lot this year and have made my way through the
> > > security lines, squeezed into the center seats, rented cars, etc.
> > > Travel can be a drag.  I thought about how I felt when I arrived at
> my
> > > destinations.  So, I also talked to Dr. Summa and suggested that we
> do
> > > something to "take the edge off" the travel for you, too.
> > >
> > > The training takes place from January 15th through the 17th, but
> > > you're going to want to arrive the day prior to the Winter Camp so
> > > that you can be fresh the morning we get started.  When you arrive I
> > > want you looking forward to an enjoyable, relaxing dinner.
> > >
> > > Not only will Dr. Summa be paying for your meals during the event,
> but
> > > he is also hosting a VIP dinner on Thursday, January 14th.  No extra
> > > charge here, just an opportunity for us to relax a bit, enjoy a meal
> > > together, and get to know each other.
> > >
> > > A highly sophisticated options trading curriculum.  Four star hotel
> > > accommodations.  All of your meals during the event and a VIP dinner
> the
> > > evening before training begins.  We're knocking $800 off the price.
> > >
> > > I've done everything I can think of to make this the best deal
> > > going...
> > >
> > > I would love to get all of our members to attend, but there are only
> > > spots for about ten of us.  This is not a gimmick.  It's actually a
> > > very serious restriction.  This is a small group event where you
> will
> > > have direct access to Dr. Summa, to me, and have three days to learn
> as
> > > much as you can.
> > >
> > > So, after all of my gentle arm twisting, Dr. Summa has agreed to
> make
> > > the special pricing available for the next couple weeks or until the
> > > remaining spots are filled.
> > >
> > > Use the following link to get more information and to get yourself
> > > registered.
> > >
> > > http://www.options4investors.com/summa
> > > <http://www.options4investors.com/summa>
> > >
> > > The accommodations are 4-star, the curriculum covers some very
> > > sophisticated topics, our experience will be unlike anything you've
> > > likely attended, and the deal I've worked out for you is probably
> > > the best you're going to see.
> > >
> > > So, I look forward to seeing you and several of our members in San
> Diego
> > > this January!
> > >
> > > Christopher Smith
> > > TheOptionClub.com
> > >
> >
>

Rob,

I have not seen Dr. Summa's CD / DVD, so I'm a bit at a loss but my
impression is that its all about what can be covered during a set time
period.  Webcast = 1 hour.  DVD = about 2 hours.  So, I'll venture a
guess and say he goes twice as deep on a DVD as he did on the webcast.

If you're looking for specifics as to what is covered on his DVD, I'd
suggest getting in touch with him.

For those mulling over the Winter Camp, I have been working with Dr.
Summa on that and can tell you that it's going to really be an intense
"top down" dissection of some very effective approaches.  If you're
relatively new to options, we will be laying a very solid foundation and
the dynamic of a small group and the fact that both Dr. Summa and I will
be there will allow for a great deal of one-on-one attention for those
who need a little extra help.  Those who got the basics down, the
initial discussions may be largely review but from there it will get
intense.

Christopher Smith
TheOptionClub.com


--- In OptionClub@yahoogroups.com, "drrobhansen" <robhansen5252@...>
wrote:
>
> Chris, there was a DVD or CD which Dr. Summa has available.  I was
wondering about how deep he goes into his adjustments.  For example, in
the recent webcast, he talked about adding a calendar to an iron condor,
or moving the threatened wing away from danger with a butterfly
addition.  I was wondering if these techniques are discussed in depth in
the DVD.  Also, there was mention of doing adjustments for other complex
option techniques, like calendars and diagonals.  Are these techniques
presented as well?
>
> Thanks,
> RFH
>
> --- In OptionClub@yahoogroups.com, "Chris" chris@ wrote:
> >
> > I have had the recent pleasure to become acquainted with John Summa,
> > Ph.D., who operates OptionsNerd.com.  For those who don't know, Dr.
> > Summa has been teaching options for may years and has developed a
> > reputation among "those in the know" as a very astute options
> > strategist.
> >
> > Some of you may have attended the recent webcast I hosted with Dr.
Summa
> > or you may have watched the video re-play of that presentation.
During
> > that presentation, Dr. Summa reviewed three methods of adjusting an
iron
> > condor against an adverse market move and I have since received
several
> > e-mails from members sharing how they used the knowledge from just
that
> > one hour to protect themselves during the recent correction.
> >
> > That was just an hour.  Consider the value of three days...
> >
> > This coming January 15th -17th, Dr. Summa is hosting a Winter
Options
> > Trading Camp in La Jolla / San Diego, California.  After spending a
good
> > deal of time talking about options and our specific theories and
> > thoughts about trading options, he asked whether I would like to
take
> > part in the training camp.
> >
> > I did jump at the invitation, but I also thought about everyone here
and
> > spoke to Dr. Summa about making a few special arrangements for
everyone
> > here...
> >
> > Dr. Summa's Winter Options Trading Camp is a 3-day event.
> > Attendance is strictly limited.  This is not the typical hotel
seminar
> > with a room filled with hundred's of people.  The event is a
> > collaborative, small group training session between Dr. Summa,
myself,
> > and a small handful of fellow traders.
> >
> > Take note here...
> >
> > The seminar price includes your hotel (4 star) accommodations, your
> > meals (that's breakfast, lunch, and dinner), DVD's and training
> > materials.
> >
> > Dr. Summa has offered his students a $500 "early bird" discount.
> > Our group get's that, too...
> >
> > I really want to see our members there, though.  I began thinking
about
> > why people would not want to attend and figured one of the bigger
> > obstacles would be the travel cost.  So, I got on one of the
Internet
> > travel sites and looked up cross-country airfare from New York to
San
> > Diego and found that I could buy a coach ticket for $279.  Then I
called
> > Dr. Summa...
> >
> > I told him that I not only wanted the "early bird" discount for
> > my members, but I would also like him to "pay our airfare" to
> > the event.  We talked a while about that, but he agreed.  In fact,
he
> > rounded up to an even $300.
> >
> > So, Dr. Summa is giving us the "Early Bird" discount and a
> > "Pay Our Airfare" discount, knocking $800 off the price of this
> > event for our members.  Thank you, Dr. Summa!
> >
> > That's not all, though.
> >
> > I've been traveling a lot this year and have made my way through the
> > security lines, squeezed into the center seats, rented cars, etc.
> > Travel can be a drag.  I thought about how I felt when I arrived at
my
> > destinations.  So, I also talked to Dr. Summa and suggested that we
do
> > something to "take the edge off" the travel for you, too.
> >
> > The training takes place from January 15th through the 17th, but
> > you're going to want to arrive the day prior to the Winter Camp so
> > that you can be fresh the morning we get started.  When you arrive I
> > want you looking forward to an enjoyable, relaxing dinner.
> >
> > Not only will Dr. Summa be paying for your meals during the event,
but
> > he is also hosting a VIP dinner on Thursday, January 14th.  No extra
> > charge here, just an opportunity for us to relax a bit, enjoy a meal
> > together, and get to know each other.
> >
> > A highly sophisticated options trading curriculum.  Four star hotel
> > accommodations.  All of your meals during the event and a VIP dinner
the
> > evening before training begins.  We're knocking $800 off the price.
> >
> > I've done everything I can think of to make this the best deal
> > going...
> >
> > I would love to get all of our members to attend, but there are only
> > spots for about ten of us.  This is not a gimmick.  It's actually a
> > very serious restriction.  This is a small group event where you
will
> > have direct access to Dr. Summa, to me, and have three days to learn
as
> > much as you can.
> >
> > So, after all of my gentle arm twisting, Dr. Summa has agreed to
make
> > the special pricing available for the next couple weeks or until the
> > remaining spots are filled.
> >
> > Use the following link to get more information and to get yourself
> > registered.
> >
> > http://www.options4investors.com/summa
> > <http://www.options4investors.com/summa>
> >
> > The accommodations are 4-star, the curriculum covers some very
> > sophisticated topics, our experience will be unlike anything you've
> > likely attended, and the deal I've worked out for you is probably
> > the best you're going to see.
> >
> > So, I look forward to seeing you and several of our members in San
Diego
> > this January!
> >
> > Christopher Smith
> > TheOptionClub.com
> >
>

Chris, there was a DVD or CD which Dr. Summa has available.  I was wondering
about how deep he goes into his adjustments.  For example, in the recent
webcast, he talked about adding a calendar to an iron condor, or moving the
threatened wing away from danger with a butterfly addition.  I was wondering if
these techniques are discussed in depth in the DVD.  Also, there was mention of
doing adjustments for other complex option techniques, like calendars and
diagonals.  Are these techniques presented as well?

Thanks,
RFH

--- In OptionClub@yahoogroups.com, "Chris" <chris@...> wrote:
>
> I have had the recent pleasure to become acquainted with John Summa,
> Ph.D., who operates OptionsNerd.com.  For those who don't know, Dr.
> Summa has been teaching options for may years and has developed a
> reputation among "those in the know" as a very astute options
> strategist.
>
> Some of you may have attended the recent webcast I hosted with Dr. Summa
> or you may have watched the video re-play of that presentation.  During
> that presentation, Dr. Summa reviewed three methods of adjusting an iron
> condor against an adverse market move and I have since received several
> e-mails from members sharing how they used the knowledge from just that
> one hour to protect themselves during the recent correction.
>
> That was just an hour.  Consider the value of three days...
>
> This coming January 15th -17th, Dr. Summa is hosting a Winter Options
> Trading Camp in La Jolla / San Diego, California.  After spending a good
> deal of time talking about options and our specific theories and
> thoughts about trading options, he asked whether I would like to take
> part in the training camp.
>
> I did jump at the invitation, but I also thought about everyone here and
> spoke to Dr. Summa about making a few special arrangements for everyone
> here...
>
> Dr. Summa's Winter Options Trading Camp is a 3-day event.
> Attendance is strictly limited.  This is not the typical hotel seminar
> with a room filled with hundred's of people.  The event is a
> collaborative, small group training session between Dr. Summa, myself,
> and a small handful of fellow traders.
>
> Take note here...
>
> The seminar price includes your hotel (4 star) accommodations, your
> meals (that's breakfast, lunch, and dinner), DVD's and training
> materials.
>
> Dr. Summa has offered his students a $500 "early bird" discount.
> Our group get's that, too...
>
> I really want to see our members there, though.  I began thinking about
> why people would not want to attend and figured one of the bigger
> obstacles would be the travel cost.  So, I got on one of the Internet
> travel sites and looked up cross-country airfare from New York to San
> Diego and found that I could buy a coach ticket for $279.  Then I called
> Dr. Summa...
>
> I told him that I not only wanted the "early bird" discount for
> my members, but I would also like him to "pay our airfare" to
> the event.  We talked a while about that, but he agreed.  In fact, he
> rounded up to an even $300.
>
> So, Dr. Summa is giving us the "Early Bird" discount and a
> "Pay Our Airfare" discount, knocking $800 off the price of this
> event for our members.  Thank you, Dr. Summa!
>
> That's not all, though.
>
> I've been traveling a lot this year and have made my way through the
> security lines, squeezed into the center seats, rented cars, etc.
> Travel can be a drag.  I thought about how I felt when I arrived at my
> destinations.  So, I also talked to Dr. Summa and suggested that we do
> something to "take the edge off" the travel for you, too.
>
> The training takes place from January 15th through the 17th, but
> you're going to want to arrive the day prior to the Winter Camp so
> that you can be fresh the morning we get started.  When you arrive I
> want you looking forward to an enjoyable, relaxing dinner.
>
> Not only will Dr. Summa be paying for your meals during the event, but
> he is also hosting a VIP dinner on Thursday, January 14th.  No extra
> charge here, just an opportunity for us to relax a bit, enjoy a meal
> together, and get to know each other.
>
> A highly sophisticated options trading curriculum.  Four star hotel
> accommodations.  All of your meals during the event and a VIP dinner the
> evening before training begins.  We're knocking $800 off the price.
>
> I've done everything I can think of to make this the best deal
> going...
>
> I would love to get all of our members to attend, but there are only
> spots for about ten of us.  This is not a gimmick.  It's actually a
> very serious restriction.  This is a small group event where you will
> have direct access to Dr. Summa, to me, and have three days to learn as
> much as you can.
>
> So, after all of my gentle arm twisting, Dr. Summa has agreed to make
> the special pricing available for the next couple weeks or until the
> remaining spots are filled.
>
> Use the following link to get more information and to get yourself
> registered.
>
> http://www.options4investors.com/summa
> <http://www.options4investors.com/summa>
>
> The accommodations are 4-star, the curriculum covers some very
> sophisticated topics, our experience will be unlike anything you've
> likely attended, and the deal I've worked out for you is probably
> the best you're going to see.
>
> So, I look forward to seeing you and several of our members in San Diego
> this January!
>
> Christopher Smith
> TheOptionClub.com
>

Just as an update I ended up rolling out of the DEC 620 and 630 calls into the
640 650 calls.  Looks at the moment to be holding well! Overall delta is -14 on
the pos and Theta is +50

--- In OptionClub@yahoogroups.com, "kevinh01010101" <kevinhelman@...> wrote:
>
> Sorry for starting another post but I keep replying to the existing posts and
somehow its not getting posted (or I cant seem to find them)
>
> Thanks very much for all your replies!
>
> Chris,
> WOW! Great explanation thanks.
> I put this trade on knowing that this market was going to be volatile and
would more than likely need many adjustments. I thought it might be a good "test
case" I don't think I would be putting real money into yet until I am bit more
experienced. (I'll stick to the basic Vertical Spreads etc for the meantime)
>
> My Theta when entering this trade was high (140) So I believed that as time
went on, as long as the underlying traded comfortably within my range the
position would start to become profitable. However, as of today my deltas on the
position are -51 and my short calls delta is 31. I believe that this needs
immediate adjustment. Some ideas I had was to buy either 1 DEC 600 call or 2
additional 630 calls. Both getting me back to delta neutral. Or I could roll.
>
> I did take screen shots of the position in optionvue however couldn't figure
out how to post them :(
> Thanks again for all your help guys, any more suggestions would be
appreciated.
>
> Kevin
>

I also have an TDAmeritrade account and I did find that link. It's called
thinkorswim from TD AMERITRADE and it installed into Program files as thinkTDA,
so maybe there want be a problem if you installed it also. I have only checked
it out a couple of times because I don't have enough cash to trade at the moment
and the money I can trade with is over at Interactive Brokers. I'm told TOS is
good for doing Spreads which is what I'm learning to do now and I will be trying
it out in the Papermoney . I didn't know that it was not the exact same as the
the orignal TOS so would be interested in what anyone finds out as far as what
is different.

Alan

--- In OptionClub@yahoogroups.com, "drrobhansen" <robhansen5252@...> wrote:
>
> I just got off the phone with TDAmeritrade.  I was trying to unwind a covered
write with a limit price, but the system wouldn't allow me to make the order
GTC.  One of their representatives was able to change it from a day order.  It
seems that with TDAmeritrade, any multi-legged option spread have to be placed
as day orders unless you call and have a representative change it for you.  I
brought up the fact that I also have an account at Think or Swim and was looking
forward to TDA's platform switching over to TOS.  Well, as it turns out, the TOS
platform is now available for TDAmeritrade customers.  So if any of you are out
there, click on "Trading Tools," then "Browse All Tools" and a large banner
opens up giving you a special invitation to download the the TOS platform.  He
told me that it wasn't identical to the one us swimmers are familiar with, but
it does have the capacity to enter more than two legs of a complex option spread
at the same time.  Until now, butterflies and condors had to be phoned in.
>
> I am personally afraid to download this new program for fear that it may
somehow screw up my TOS desktop program in my computer.  With me, Murphy's law
always applies when it comes to computers.  So, if anyone has a TDA account and
not a TOS account and wants to download the TOS platform, I would certainly be
interested in it's functionality and limitations.  Better yet, if any TOS
customers have the guts to download the TDA version, let us know if there are
any conflicts.  I've been an Ameritrade customer for many years, even before
they were Ameritrade, and can't wait to trade my account in the TOS platform. 
Any input would be appreciated!
>
> Thanks,
> RFH
>

Iuse QutoeTraker and having my TD Ameritade account allows me Free use of it, so
I'll keep my TD Ameritrade account alos for now untill that changes or they
strat charging me at TD Ameritrade.

Alan

--- In OptionClub@yahoogroups.com, "Paul Seifert" <paulseifert@...> wrote:
>
> Why don't you just close the Ameritrade account and transfer everything into
TOS? Does this solve the issues?
>   ----- Original Message -----
>   From: drrobhansen
>   To: OptionClub@yahoogroups.com
>   Sent: Tuesday, November 10, 2009 5:30 PM
>   Subject: [TheOptionClub.com] TDAmeritrade & TOS
>
>
>
>   I just got off the phone with TDAmeritrade. I was trying to unwind a covered
write with a limit price, but the system wouldn't allow me to make the order
GTC. One of their representatives was able to change it from a day order. It
seems that with TDAmeritrade, any multi-legged option spread have to be placed
as day orders unless you call and have a representative change it for you. I
brought up the fact that I also have an account at Think or Swim and was looking
forward to TDA's platform switching over to TOS. Well, as it turns out, the TOS
platform is now available for TDAmeritrade customers. So if any of you are out
there, click on "Trading Tools," then "Browse All Tools" and a large banner
opens up giving you a special invitation to download the the TOS platform. He
told me that it wasn't identical to the one us swimmers are familiar with, but
it does have the capacity to enter more than two legs of a complex option spread
at the same time. Until now, butterflies and condors had to be phoned in.
>
>   I am personally afraid to download this new program for fear that it may
somehow screw up my TOS desktop program in my computer. With me, Murphy's law
always applies when it comes to computers. So, if anyone has a TDA account and
not a TOS account and wants to download the TOS platform, I would certainly be
interested in it's functionality and limitations. Better yet, if any TOS
customers have the guts to download the TDA version, let us know if there are
any conflicts. I've been an Ameritrade customer for many years, even before they
were Ameritrade, and can't wait to trade my account in the TOS platform. Any
input would be appreciated!
>
>   Thanks,
>   RFH
>

Hey, aren't stops on spreads a lot like low hanging fruit?


RFH

--- In OptionClub@yahoogroups.com, "Jack" <jack@...> wrote:
>
> Yes, you can put stops on spreads.
>
>
>
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of rvd
> Sent: Tuesday, November 10, 2009 8:01 PM
> To: OptionClub@yahoogroups.com
> Subject: Re: [TheOptionClub.com] TDAmeritrade & TOS
>
>
>
>
>
> I am like you, with an occount at TDA.
> But Id rather transfer money to trade to TOS because I think my commission
> might be lower.
> However if you can put stops on spreads, I might try it on my 2nd PC and see
> how it works.
> Can you tell if it takes stop orders on spreads?
>

I am like you, with an occount at TDA.
But Id rather transfer money to trade to TOS because I think my commission might
be lower.
However if you can put stops on spreads, I might try it on my 2nd PC and see how
it works.
Can you tell if it takes stop orders on spreads?

--- On Tue, 11/10/09, drrobhansen <robhansen5252@...> wrote:

> From: drrobhansen <robhansen5252@...>
> Subject: [TheOptionClub.com] TDAmeritrade & TOS
> To: OptionClub@yahoogroups.com
> Date: Tuesday, November 10, 2009, 4:30 PM
> I just got off the phone with
> TDAmeritrade.  I was trying to unwind a covered write
> with a limit price, but the system wouldn't allow me to make
> the order GTC.  One of their representatives was able
> to change it from a day order.  It seems that with
> TDAmeritrade, any multi-legged option spread have to be
> placed as day orders unless you call and have a
> representative change it for you.  I brought up the
> fact that I also have an account at Think or Swim and was
> looking forward to TDA's platform switching over to
> TOS.  Well, as it turns out, the TOS platform is now
> available for TDAmeritrade customers.  So if any of you
> are out there, click on "Trading Tools," then "Browse All
> Tools" and a large banner opens up giving you a special
> invitation to download the the TOS platform.  He told
> me that it wasn't identical to the one us swimmers are
> familiar with, but it does have the capacity to enter more
> than two legs of a complex option spread at the same
> time.  Until now, butterflies and condors had to be
> phoned in. 
>
> I am personally afraid to download this new program for
> fear that it may somehow screw up my TOS desktop program in
> my computer.  With me, Murphy's law always applies when
> it comes to computers.  So, if anyone has a TDA account
> and not a TOS account and wants to download the TOS
> platform, I would certainly be interested in it's
> functionality and limitations.  Better yet, if any TOS
> customers have the guts to download the TDA version, let us
> know if there are any conflicts.  I've been an
> Ameritrade customer for many years, even before they were
> Ameritrade, and can't wait to trade my account in the TOS
> platform.  Any input would be appreciated!
>
> Thanks,
> RFH
>
>
>
> ------------------------------------
>
> The goal of TheOptionClub is to provide a forum for members
> to work together for the purpose of furthering our
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>
>
>

Yes it would, but I can't do it for some very legitimate personal reasons.

--- In OptionClub@yahoogroups.com, "Paul Seifert" <paulseifert@...> wrote:
>
> Why don't you just close the Ameritrade account and transfer everything into
TOS? Does this solve the issues?
>   ----- Original Message -----
>   From: drrobhansen
>   To: OptionClub@yahoogroups.com
>   Sent: Tuesday, November 10, 2009 5:30 PM
>   Subject: [TheOptionClub.com] TDAmeritrade & TOS
>
>
>
>   I just got off the phone with TDAmeritrade. I was trying to unwind a covered
write with a limit price, but the system wouldn't allow me to make the order
GTC. One of their representatives was able to change it from a day order. It
seems that with TDAmeritrade, any multi-legged option spread have to be placed
as day orders unless you call and have a representative change it for you. I
brought up the fact that I also have an account at Think or Swim and was looking
forward to TDA's platform switching over to TOS. Well, as it turns out, the TOS
platform is now available for TDAmeritrade customers. So if any of you are out
there, click on "Trading Tools," then "Browse All Tools" and a large banner
opens up giving you a special invitation to download the the TOS platform. He
told me that it wasn't identical to the one us swimmers are familiar with, but
it does have the capacity to enter more than two legs of a complex option spread
at the same time. Until now, butterflies and condors had to be phoned in.
>
>   I am personally afraid to download this new program for fear that it may
somehow screw up my TOS desktop program in my computer. With me, Murphy's law
always applies when it comes to computers. So, if anyone has a TDA account and
not a TOS account and wants to download the TOS platform, I would certainly be
interested in it's functionality and limitations. Better yet, if any TOS
customers have the guts to download the TDA version, let us know if there are
any conflicts. I've been an Ameritrade customer for many years, even before they
were Ameritrade, and can't wait to trade my account in the TOS platform. Any
input would be appreciated!
>
>   Thanks,
>   RFH
>

Sorry for starting another post but I keep replying to the existing posts and
somehow its not getting posted (or I cant seem to find them)

Thanks very much for all your replies!

Chris,
WOW! Great explanation thanks.
I put this trade on knowing that this market was going to be volatile and would
more than likely need many adjustments. I thought it might be a good "test case"
I don't think I would be putting real money into yet until I am bit more
experienced. (I'll stick to the basic Vertical Spreads etc for the meantime)

My Theta when entering this trade was high (140) So I believed that as time went
on, as long as the underlying traded comfortably within my range the position
would start to become profitable. However, as of today my deltas on the position
are -51 and my short calls delta is 31. I believe that this needs immediate
adjustment. Some ideas I had was to buy either 1 DEC 600 call or 2 additional
630 calls. Both getting me back to delta neutral. Or I could roll.

I did take screen shots of the position in optionvue however couldn't figure out
how to post them :(
Thanks again for all your help guys, any more suggestions would be appreciated.

Kevin

----- Original Message -----

From: drrobhansen

To: OptionClub@yahoogroups.com

Sent: Tuesday, November 10, 2009 5:30 PM

Subject: [TheOptionClub.com] TDAmeritrade & TOS

 

I just got off the phone with TDAmeritrade. I was trying to unwind a covered write with a limit price, but the system wouldn't allow me to make the order GTC. One of their representatives was able to change it from a day order. It seems that with TDAmeritrade, any multi-legged option spread have to be placed as day orders unless you call and have a representative change it for you. I brought up the fact that I also have an account at Think or Swim and was looking forward to TDA's platform switching over to TOS. Well, as it turns out, the TOS platform is now available for TDAmeritrade customers. So if any of you are out there, click on "Trading Tools," then "Browse All Tools" and a large banner opens up giving you a special invitation to download the the TOS platform. He told me that it wasn't identical to the one us swimmers are familiar with, but it does have the capacity to enter more than two legs of a complex option spread at the same time. Until now, butterflies and condors had to be phoned in.

I am personally afraid to download this new program for fear that it may somehow screw up my TOS desktop program in my computer. With me, Murphy's law always applies when it comes to computers. So, if anyone has a TDA account and not a TOS account and wants to download the TOS platform, I would certainly be interested in it's functionality and limitations. Better yet, if any TOS customers have the guts to download the TDA version, let us know if there are any conflicts. I've been an Ameritrade customer for many years, even before they were Ameritrade, and can't wait to trade my account in the TOS platform. Any input would be appreciated!

Thanks,
RFH

I just got off the phone with TDAmeritrade.  I was trying to unwind a covered
write with a limit price, but the system wouldn't allow me to make the order
GTC.  One of their representatives was able to change it from a day order.  It
seems that with TDAmeritrade, any multi-legged option spread have to be placed
as day orders unless you call and have a representative change it for you.  I
brought up the fact that I also have an account at Think or Swim and was looking
forward to TDA's platform switching over to TOS.  Well, as it turns out, the TOS
platform is now available for TDAmeritrade customers.  So if any of you are out
there, click on "Trading Tools," then "Browse All Tools" and a large banner
opens up giving you a special invitation to download the the TOS platform.  He
told me that it wasn't identical to the one us swimmers are familiar with, but
it does have the capacity to enter more than two legs of a complex option spread
at the same time.  Until now, butterflies and condors had to be phoned in.

I am personally afraid to download this new program for fear that it may somehow
screw up my TOS desktop program in my computer.  With me, Murphy's law always
applies when it comes to computers.  So, if anyone has a TDA account and not a
TOS account and wants to download the TOS platform, I would certainly be
interested in it's functionality and limitations.  Better yet, if any TOS
customers have the guts to download the TDA version, let us know if there are
any conflicts.  I've been an Ameritrade customer for many years, even before
they were Ameritrade, and can't wait to trade my account in the TOS platform. 
Any input would be appreciated!

Thanks,
RFH