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Hello. I was looking at the option chain and the delta values, on TOS, have many that are the same. How do you determine which 3 and 1 delta to select? Or do you apply the 20% away from the current strike process?
And the settlement value is times $50, correct?
On the TOS platform you have the availability to have the option greeks go 3 or 4 decimal points.
Setup>General>Display>decimal places for greeks
Change that to 3 or 4 and you can then see which strike will be closest to 3 and 1 (.0300 and .0100) and choose the appropriate strike for your trade parameters.
Can someone please tell me the total margin for short selling 470-strike corn options december contract in decarley. @ron earlier you shared a margin pdf for o'brien. I can see spec initial and spec maintanance listed separately. Does it mean the sum of those need to be maintained? For example spec initial is $730 and spec maintainance is $780 so does that mean $1510 will be blocked?
Hi All,
I am about to start trading vertical credit spreads on futures options.
I am in Australia and TOS won't let me join them.
I was going to use IB, but sounds like that's not a good idea from this forum.
I need a broker that supports selling options, has a trading platform that I can use myself, has decent margins and will allow overseas traders
Any suggestions?
Thanks in advance.
Mick
If I remember correctly a trader from Australia also worked / works with DeCarley.
I work with DeCarley for some years. Carley is very friendly towards option sellers, has moderate fees (but more expensive than IB), and offers the best service I ever received from a broker.
I have a second account with IB, where I hold my stocks. I also use this account for future and option trades in case there is some money left. But in case I would have only one account I definitely would prefer DeCarley for option selling.
I live in Austria, and was always supported by her regarding specific issues regarding non-US Traders. The only disadvantage is that they only offer reports in US Dollar. This makes tax declaration a bit more difficult.