Re: [SuperTraderKarenStudy] About "Portfolio Margin" on IB transformed in "Reg-T Margin"


Feb 26

 


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#9395 Feb 26

Has this change taken affect yet? ��At IB, I still have Portfiolio margin on SPX options spreads.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9396 Feb 27

Yes they just applied the new calculation today which is largely less interesting. The "portfolio margin" still exists but the calculation on index options only is that of a "Reg-T margin", it changes everything for us ! IB takes a very large margin compared to before ...�� Do you know another broker that accepts lower margins for index options ?



Le mardi 27 f.vrier 2018 . 02:34:15 UTC+1, Jeff Payne jpayne.rdb@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> a .crit :





��Has this change taken affect yet? ��At IB, I still have Portfiolio margin on SPX options spreads.

Jeff Paynejpayne.rdb@...OptionsBistro.com



----------------------------

#9397 Feb 28

I did not say that the portfolio margin was removed. I said that the margin asked today on index options out of the money is exorbitant and no longer allows the same profitability than before.

Le mercredi 28 f.vrier 2018 . 14:43:40 UTC+1, M P mp3387@...> a .crit :



I've heard from another IB trader (not Jeff Payne, who said he's seen no changes) who also refutes your claim that IB has removed PM on index options.�� His claim, in fact, is that IB is charging slightly less PM now than previous.



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#9398 Feb 28

It still appears that I have portfolio margin rates against SPX spreads.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9399 Feb 28

So are you referring to naked selling? ��Because out of the money spreads have not changed.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9401 Mar 1 5:12 AM

Yes absolutely. I'm talking about Karen's initial method of selling OTM naked put on SPX and using (... sorry, that I was using ...). Right now it's impossible to get a consistent revenu...Thanks Jeff for the OTM spreads but I do not use this method which is less profitable (I think) than naked puts. What is your profitability on this, compared to the margin used (on average) ?





Le mercredi 28 f.vrier 2018 . 22:42:45 UTC+1, Jeff Payne jpayne.rdb@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> a .crit :





��So are you referring to naked selling? ��Because out of the money spreads have not changed.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9402 Mar 1 5:47 AM

I sell weekly OTM put spreads and call spreads, 25-point width. ��The margin requirement varies wildly. ��My overall strategy goal is 40% per year on the account.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9403 Mar 1 6:02 AM

Not bad !Do you have a precise description of your method somewhere?Or can you tell me a little more?

Le jeudi 1 mars 2018 . 14:48:46 UTC+1, Jeff Payne jpayne.rdb@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> a .crit :





��I sell weekly OTM put spreads and call spreads, 25-point width. ��The margin requirement varies wildly. ��My overall strategy goal is 40% per year on the account.

Jeff Paynejpayne.rdb@...OptionsBistro.com



----------------------------

#9404 Mar 1 6:14 AM

I.ve been done it for four years, but have learned along the way, so it s not perfected yet. ��Each year has turned a profit, but not the 40% yet. Since I started the rules have changed quite a bit and I do not have a current description. ��I trade it openly on OptionsBistro.com, which is a free website for options traders.

The basics are:Sell one iron condor per week for every $25,000 in your account ��(so a $300K account, sell 12 condors per week).Sell 5 weeks out, Friday expiration, 25-point spreads, short strike around .12 delta (premium around 1.40-1.90)Sell each side separately, puts on down moves, calls on up moves.Roll out if stop level is hit, usually if spread price doubles. ��Alter strategy when the VIX-Indicator (on the Bistro site) indicates stronger moves up or down are likely. (Downside Warning fired yesterday)

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9405 Mar 1 3:45 PM

Thank you so much Jeff for your insights. What duration do you use for spread trading on the SPX with weeklies and do you typically sell 1 SD OTM? I appreciate any input you can give me. Thanks.

Mai

--------------- On Thu, 3/1/18, Jeff Payne jpayne.rdb@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:



Subject: Re: [SuperTraderKarenStudy] About "Portfolio Margin" on IB transformed in "Reg-T Margin"

To: supertraderkarenstudy@yahoogroups.com

Date: Thursday, March 1, 2018, 8:14 AM





.



















I.ve been done it for four years, but have

learned along the way, so it s not perfected yet. .Each

year has turned a profit, but not the 40% yet. Since I

started the rules have changed quite a bit and I do not have

a current description. .I trade it openly on OptionsBistro.com, which

is a free website for options traders.

The basics are:Sell one iron condor per week for

every $25,000 in your account .(so a $300K account, sell 12

condors per week).Sell

5 weeks out, Friday expiration, 25-point spreads, short

strike around .12 delta (premium around 1.40-1.90)Sell each side separately, puts

on down moves, calls on up moves.Roll out if stop level is hit,

usually if spread price doubles. .Alter strategy when the

VIX-Indicator (on the Bistro site) indicates stronger moves

up or down are likely. (Downside Warning fired yesterday)





Jeff

Paynejpayne.rdb@...









On Mar 1, 2018, at 6:02 AM,

HOURAT Thierry thourat@...

[supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>

wrote:



Not bad !

Do you have a precise description

of your method somewhere?

Or can you tell me a little

more?

Le jeudi 1 mars 2018 . 14:48:46

UTC+1, Jeff Payne.jpayne.rdb@....[supertraderkarenstudy]

supertraderkarenstudy@yahoogroups.com>

a .crit :



.I

sell weekly OTM put spreads and call spreads, 25-point

width. .The margin requirement varies wildly. .My overall

strategy goal is 40% per year on the account.



Jeff

Paynejpayne.rdb@...





On Mar 1, 2018, at 5:12 AM,

HOURAT Thierry.thourat@....[supertraderkarenstudy]

supertraderkarenstudy@yahoogroups.com>

wrote:



Yes absolutely. I'm talking

about Karen's initial method of selling OTM naked put on

SPX and using (.... sorry, that I was using ...). Right now

it's impossible to get a consistent revenu...

Thanks Jeff for the

OTM spreads but I do not use this method which is less

profitable (I think) than naked puts..

What is your

profitability on this, compared to the margin used (on

average) ?





Le mercredi 28 f.vrier 2018 .

22:42:45 UTC+1, Jeff Payne.jpayne.rdb@....[supertraderkarenstudy]

supertraderkarenstudy@yahoogroups.com>

a .crit :



.So

are you referring to naked selling? .Because out of the

money spreads have not changed.



Jeff

Paynejpayne.rdb@gmail..comOptionsBistro.com





On Feb 28, 2018, at 8:31 AM,

HOURAT Thierry.thourat@....[supertraderkarenstudy]

supertraderkarenstudy@yahoogroups.com>

wrote:



I did not say

that the portfolio margin was removed..

I said that the

margin asked today on index options out of the money is

exorbitant and no longer allows the same profitability than

before.

Le mercredi 28 f.vrier 2018 .

14:43:40 UTC+1, M P mp3387@...>

a .crit :



I've heard from another IB

trader (not Jeff Payne, who said he's seen no changes)

who also refutes your claim that IB has removed PM on index

options.. His claim, in fact, is that IB is charging

slightly less PM now than previous.



































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#9406 Mar 1 5:29 PM

Five weeks out, short strike delta between .10 and .15.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9407 Mar 2 2:25 AM

Thanks Jeff for your insights



Le vendredi 2 mars 2018 . 02:29:41 UTC+1, Jeff Payne jpayne.rdb@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> a .crit :





��Five weeks out, short strike delta between .10 and .15.

Jeff Paynejpayne.rdb@...OptionsBistro.com



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#9408 Mar 2 7:05 AM

Sure thing. ��I post all my trades on OptionsBistro.com����

Jeff Paynejpayne.rdb@...OptionsBistro.com



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