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Updated July 28, 2023
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March 18th, 2017, 01:47 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
I have no idea if this will happen again but thought it was interesting.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
March 21st, 2017, 11:29 AM
westhills california US
Posts: 94 since May 2015
Thanks Given: 131
Thanks Received: 20
Any one in ES?
Any thoughts on getting in today?
Thanks Babak
March 21st, 2017, 11:43 AM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
rajab
Any one in ES?
Any thoughts on getting in today?
March 21st, 2017, 12:08 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
Forgot to post this yesterday.
Sold EW3n17p1930p1675(2) for 2.15 on March 20th.
Surprisingly it is about same price today to enter.
But remember I am not doing any timing of entry. I got out Friday morning and reentered Monday morning.
March 21st, 2017, 12:09 PM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
rajab
Any one in ES?
Any thoughts on getting in today?
Thanks Babak
Yes, I am short ES puts naked (ESM P2050) as well as according to Ron's suggestion. As this is a full position I do not intend to add to it.
Best regards, Myrrdin
March 21st, 2017, 01:08 PM
westhills california US
Posts: 94 since May 2015
Thanks Given: 131
Thanks Received: 20
ron99
Forgot to post this yesterday.
Sold EW3n17p1930p1675(2) for 2.15 on March 20th.
Surprisingly it is about same price today to enter.
But remember I am not doing any timing of entry. I got out Friday morning and reentered Monday morning.
Just to compare what was the IM?
THANKS
March 21st, 2017, 02:06 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
rajab
Just to compare what was the IM?
THANKS
$294 using IM from March 17 SPAN
March 23rd, 2017, 12:45 PM
westhills california US
Posts: 94 since May 2015
Thanks Given: 131
Thanks Received: 20
Sold Sold Ew3n17p1950p1680(2) for 3.8 on March 23/2017.
IM displayed before confirming the trade $248.00. I confirmed and sent, IM displayed $444.00.
TOS claims they are working on correcting the problem.
Anyone else encounter this before?
What entity regulates these borkers?
Thought please?
Thanks Babak
March 24th, 2017, 10:18 AM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
DTR Trading: 73 [AUTOLINK]DTE[/AUTOLINK] Iron Condor Results Summary 73 DTE Iron Condor Results Summary
This article reviews the backtest results for iron condors (IC) entered at 73 days to expiration (DTE). These tests covered 9 IC variations, with short strike deltas at four locations (8, 12, 16, 20), utilizing 12 exits. In all, there were 432 test runs (9 variations x 4 deltas x 12 exits). Each test run executed an average of 174 SPX IC trades between the January 2007 expiration and the September 2016 expiration. A total of 432 ten year backtests. I used weekly options for this testing, so there were more than 12 trades per year. In total, there were 75,096 total trades entered for the 73 DTE testing.
March 24th, 2017, 12:30 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
SMCJB
DTR Trading: 73 [AUTOLINK]DTE[/AUTOLINK] Iron Condor Results Summary 73 DTE Iron Condor Results Summary
This article reviews the backtest results for iron condors (IC) entered at 73 days to expiration (DTE). These tests covered 9 IC variations, with short strike deltas at four locations (8, 12, 16, 20), utilizing 12 exits. In all, there were 432 test runs (9 variations x 4 deltas x 12 exits). Each test run executed an average of 174 SPX IC trades between the January 2007 expiration and the September 2016 expiration. A total of 432 ten year backtests. I used weekly options for this testing, so there were more than 12 trades per year. In total, there were 75,096 total trades entered for the 73 DTE testing.
Thanks very much. This is good info. A lot of reading that I need to do on his blog.
This was interesting that it matched what I am now using.
Quoting
The 50% profit taking level has the highest win rates
Other key points
Quoting
As short strike deltas increase, trade duration increases
As profit taking level increases, trade duration increases
The 50% profit taking level should have you out of your trade between 21 and 42 days for a 73 DTE IC, depending on short strike delta
Last Updated on July 28, 2023