Did not want to flood the option trading main discussion with stupid questions so here they are in a separate thread:
1) To option traders, does your brokerage platform let you sell the put and buy the call for a bull put spread in the same trasaction? Just spoke with a representative at national bank, they require me to enter them in 2 separate order and they charge $6.95 commissions for each.
2) If you sell a put and the bid/ask is 3.05/4.60, at how much do you place your sell price? 4.65? 4.70?
3) where do you find the Delta information for probabilities? If you want to open a strangle with 15% delta both sides, does your broker show that? Mine doesn’t have that option they say I have to call and speak to a rep and there is a surcharge if I want to place an order for selling a put and buying a call on the same transaction or create an Iron Condor in one trade. However, it is not my plan to spend my day on the phone every week when I adjust the legs of an IC.
4) Where do you find the IV rank of the stock real time to adjust your strategies depending on high IV or low IV?
I’m waiting for my accountant for a letter to roll my stock positions from one company to my holding corporation and transfer everything to Interactive Broker however it has been so complicated to reach him so far that I am stucked with what seems the worst option trading platform in human history.
thanks for your help everyone
1) To option traders, does your brokerage platform let you sell the put and buy the call for a bull put spread in the same trasaction? Just spoke with a representative at national bank, they require me to enter them in 2 separate order and they charge $6.95 commissions for each.
2) If you sell a put and the bid/ask is 3.05/4.60, at how much do you place your sell price? 4.65? 4.70?
3) where do you find the Delta information for probabilities? If you want to open a strangle with 15% delta both sides, does your broker show that? Mine doesn’t have that option they say I have to call and speak to a rep and there is a surcharge if I want to place an order for selling a put and buying a call on the same transaction or create an Iron Condor in one trade. However, it is not my plan to spend my day on the phone every week when I adjust the legs of an IC.
4) Where do you find the IV rank of the stock real time to adjust your strategies depending on high IV or low IV?
I’m waiting for my accountant for a letter to roll my stock positions from one company to my holding corporation and transfer everything to Interactive Broker however it has been so complicated to reach him so far that I am stucked with what seems the worst option trading platform in human history.
thanks for your help everyone