MamaCash 9:09 am on Friday, March 1, 2019
Tags: SPX1dte ( 1,714 )

SPX Mar1 ICs closed

BTC all spreads for .05. Total profit $350
STO SPX Mar1 2755/2750 BuPS @ .25 x6
STO SPX Mar1 2755/2750 BuPS @ .30 x2
STO SPX Mar1 2815/2820 BeCS @ .25 x4
STO SPX Mar1 2815/2820 BeCS @ .30 x4

Jeff 9:10 am on Friday, March 1, 2019

Why aren’t you letting OTM spreads expire?
- MamaCash 9:12 am on Friday, March 1, 2019
  
  Prefer to take .05 when I can get it early. No need to risk a breach for .05. I open the GTC order at .05 right after I sell a spread. Sometimes they go through same day.
  - Jeff 9:15 am on Friday, March 1, 2019
    
    I tend to agree, but with the small profit margin on these spreads, the .05 + commish takes a bite. I’m more skittish in December-like market, but lately I’ve been risking it.
    - MamaCash 9:17 am on Friday, March 1, 2019
      
      For 16 spreads, my total commissions are $8. Profits are good. I don’t mind taking a .05 hit. It also frees up buying power for the next set of spreads.
      - matt0311 9:22 am on Friday, March 1, 2019
        
        You have an impressive low commission rate, where are you trading?
        
        MamaCash 9:24 am on Friday, March 1, 2019
        
        I trade at ToS. I have made them lots of money over the years (enough to pay someone’s salary is my joke). I am grandfathered in on really low rate. It’s not available anymore. They tried to take it away from me on SPX trades but in the end, they let me have the reduced commission.
        
        matt0311 9:44 am on Friday, March 1, 2019
        
        congrats!
        
        Addy 10:07 am on Friday, March 1, 2019
        
        I am with TOS, I negotiated $0.5/contract and no commission. Then without telling me they changed it to $1/contract. I noticed it when I was looking at a trade. I called them, they told me they can not put it back to $0.5 because they lost money and decided to do it $0.75/contract. I told I need it in writing, they refused in the beginning then agreed but they wrote they can change it at anytime. These people are like mosquitoes sucking our blood.
        
        matt0311 10:25 am on Friday, March 1, 2019
        
        Do you have to add a ticketcharge as well?
        
        MamaCash 10:26 am on Friday, March 1, 2019
        
        No ticket charge when you pay per contract. I like to pay per contract rather per order because I leg out and in to most of my trades.
        
        Addy 10:45 am on Friday, March 1, 2019
        
        it is flat fee per contract.
      - fuzzballl 9:31 am on Friday, March 1, 2019
        
        16 spreads…is that 32 contracts for $8? .40 each?
        
        MamaCash 9:41 am on Friday, March 1, 2019
        
        Meant 16 contracts, 8 spreads for $8. $16 round trip.
        .50 per contract, no ticket charge.
        
        fuzzballl 9:42 am on Friday, March 1, 2019
        
        Thanks. I’m at .65 so might be time to haggle again! 🙂 🙂
        
        MamaCash 2:46 pm on Friday, March 1, 2019
        
        My math was bad above so fixed the numbers. Sorry about that.

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