tag:blogger.com,1999:blog-4049167043965640947.post3528086388012157458..comments2022-06-05T13:28:32.605-07:00Comments on Option Trading: 03/12 Daily SummaryGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4049167043965640947.post-46837547275013489692010-03-13T10:57:03.119-08:002010-03-13T10:57:03.119-08:00Hi there, I think the MNX might be a better option...Hi there, I think the MNX might be a better option if you're looking for somehting with a bit more liquidity. I never traded the QQQQ, is it also cash-settled?<br /><br />One benefit of MNX, NDX and other cash-settled indexes is that the income is treated differently when you do your taxes, so there is an added benefit to use such indexes.<br /><br />I honestly do not know. I've traded the MNX for a while (still do), but want to migrate to NDX because of the commissions issue, sometimes my cost to trade on the MNX is half of the income it generated.<br /><br />Chad: I don't know about broken wing butterflies, I've used them before as adjustments but as iron butterflies, not straight butterflies.<br /><br />Take care!<br />GustavoGustavo's Tradeshttps://www.blogger.com/profile/10318651374855413975noreply@blogger.comtag:blogger.com,1999:blog-4049167043965640947.post-22220933888907069972010-03-13T08:47:49.209-08:002010-03-13T08:47:49.209-08:00Gustavo, I know the commissions are a lot more but...Gustavo, I know the commissions are a lot more but taking into account the liquidity, and b/a spread, would it be more beneficial to trade<br />options on the qqqq than the NDQ? Basically what I am asking is wouldnt the better fills more than offset the much larger commissions?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4049167043965640947.post-15407705802345616652010-03-12T21:59:09.637-08:002010-03-12T21:59:09.637-08:00Hi Gustavo,
Thanks for the chuckles :-D What did ...Hi Gustavo,<br /><br />Thanks for the chuckles :-D What did I learn from just this one blog post? 1) Bounce things off your wife and business partner more often, and 2) man you really love trading .. you can't wait to get up at 5 AM on your Saturday to back test? :-) I admire you passion and your dedication brother!!! :-) Glad you got the 4 hour clearance! :-)<br /><br />Have a great weekend my friend. I will jump all over you if I see you put on a straight butterfly. You can count on that :-)<br /><br />What about broken wing butterflies? I know some use them as a hedge (to the downside) play with the near zero cost spread.<br /><br />Have a great weekend!<br /><br />Best,<br />ChadChadnoreply@blogger.com