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Investing Any options traders here?
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juice Offline
Sparrow

Posts: 104
Joined: Dec 2012
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Post: #20
RE: Any options traders here?
(12-08-2012 11:59 AM)bhawthorne Wrote:  
(12-06-2012 08:05 PM)juice Wrote:  If there are, I'm interested in talking strategies that you use to produce a steady income.

For the last year, I've been focused on monthly credit spreads and/or iron condors but am now migrating over to weeklys. Mainly because of the increased return and faster compounding.
(12-07-2012 02:14 AM)juice Wrote:  I'll see if I can work on one. Selling vertical spreads (credit spreads) is an easy concept once it is learned.

Can you provide a little more detail?

How big of an account do you need to make credit spreads worth the commissions you'll pay? I'm not asking how big it needs to be to finance a location-independent life, but I don't want to be paying more than 1%, maybe 2% in commissions.

I haven't got into options much (I mostly take a value-investing approach, and don't trade derivatives), but I'd like to mess around with these a bit. But I'm only interested if I can legitimately do it with a relatively small account and low commissions. So what's the minimum account size you would recommend? $1,000? $10,000? $50,000? Also, what broker do you use?

I use thinkorswim as my broker and was able to negotiate my commissions down to $1 per contract. Using a $5,000 account as an example, you can hypothetically take up the entire account as margin using 5-point spreads. Using $1 commission per contract and 10 contracts, that would be $20 round trip or 0.004% of a $5000 account making it worth it.

Blog: Options Trading
12-09-2012 04:41 PM
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Messages In This Thread
Any options traders here? - juice - 12-06-2012, 08:05 PM
RE: Any options traders here? - defguy - 12-06-2012, 09:03 PM
RE: Any options traders here? - juice - 12-07-2012, 02:13 AM
RE: Any options traders here? - BIGINJAPAN - 12-07-2012, 02:44 AM
RE: Any options traders here? - juice - 12-07-2012, 12:55 PM
RE: Any options traders here? - HiFlo - 12-06-2012, 10:30 PM
RE: Any options traders here? - juice - 12-07-2012, 02:14 AM
RE: Any options traders here? - Spike - 12-07-2012, 04:06 AM
RE: Any options traders here? - juice - 12-07-2012, 12:56 PM
RE: Any options traders here? - BIGINJAPAN - 12-07-2012, 02:45 PM
RE: Any options traders here? - RichieP - 12-07-2012, 05:43 PM
RE: Any options traders here? - BIGINJAPAN - 12-07-2012, 09:53 PM
RE: Any options traders here? - juice - 12-08-2012, 12:32 AM
RE: Any options traders here? - RichieP - 12-08-2012, 02:26 AM
RE: Any options traders here? - bhawthorne - 12-08-2012, 11:59 AM
RE: Any options traders here? - juice - 12-09-2012 04:41 PM
RE: Any options traders here? - sheesh - 12-09-2012, 09:21 AM
RE: Any options traders here? - Seadog - 12-12-2012, 04:59 AM
RE: Any options traders here? - BIGINJAPAN - 12-09-2012, 01:42 PM
RE: Any options traders here? - juice - 12-09-2012, 04:43 PM
RE: Any options traders here? - defguy - 12-10-2012, 12:05 PM
RE: Any options traders here? - bhawthorne - 12-11-2012, 08:39 AM
RE: Any options traders here? - sheesh - 12-12-2012, 05:37 AM
RE: Any options traders here? - BIGINJAPAN - 12-12-2012, 12:04 PM
RE: Any options traders here? - juice - 12-12-2012, 11:38 PM
RE: Any options traders here? - BIGINJAPAN - 12-13-2012, 12:16 AM
RE: Any options traders here? - Rocket13 - 12-13-2012, 12:20 AM
RE: Any options traders here? - BIGINJAPAN - 12-13-2012, 12:38 PM
RE: Any options traders here? - sheesh - 12-13-2012, 08:30 AM
RE: Any options traders here? - ElJefe - 12-14-2012, 06:30 AM
RE: Any options traders here? - BIGINJAPAN - 12-14-2012, 01:21 PM
RE: Any options traders here? - BIGINJAPAN - 12-14-2012, 02:46 PM
RE: Any options traders here? - juice - 12-20-2012, 12:19 PM
RE: Any options traders here? - bhawthorne - 12-20-2012, 01:05 PM
RE: Any options traders here? - BIGINJAPAN - 12-14-2012, 04:05 PM
RE: Any options traders here? - BIGINJAPAN - 12-14-2012, 04:06 PM
RE: Any options traders here? - defguy - 12-22-2012, 02:38 PM
RE: Any options traders here? - Sleazy - 10-12-2018, 04:59 PM
RE: Any options traders here? - Sleazy - 10-12-2018, 05:09 PM
RE: Any options traders here? - Cortés - 10-12-2018, 05:07 PM
RE: Any options traders here? - tomtud - 10-12-2018, 06:01 PM
RE: Any options traders here? - tomtud - 10-16-2018, 07:14 AM
RE: Any options traders here? - Sleazy - 11-12-2018, 05:04 PM
RE: Any options traders here? - Sleazy - 11-13-2018, 05:21 PM
RE: Any options traders here? - Sleazy - 11-19-2018, 08:38 PM
RE: Any options traders here? - Bacchus - 11-20-2018, 12:04 AM
RE: Any options traders here? - Sleazy - 11-20-2018, 10:04 AM
RE: Any options traders here? - Captain Gh - 11-20-2018, 01:06 AM
RE: Any options traders here? - Sleazy - 11-20-2018, 10:08 AM
RE: Any options traders here? - Captain Gh - 11-20-2018, 11:04 AM
RE: Any options traders here? - Sleazy - 11-20-2018, 11:31 AM
RE: Any options traders here? - tomtud - 11-20-2018, 02:47 PM
RE: Any options traders here? - tomtud - 11-20-2018, 04:40 PM

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