IG Index for Trading Index Options

[bjdon]

Hi, have you been selling OTM puts? Also what do you do if you get tested, do you simply stop, or do you roll the position, either further OTM or to the next month?

Yes I only sell OTM Calls/Puts. Re being tested, I maintain very strict stop loss criteria and once touched I take the loss and close the position. So far though I am off a fair amount for the year. It's really all about not being greedy.

BTW IG are changing their margin requirements for indexes and Options this weekend so it's gong to become more expensive to trade with them all round

 

[clbfjc]

Thanks, I am also considering using optionsxpress. Anyone had a look at them?

 

[options-george]

Thanks, I am also considering using optionsxpress. Anyone had a look at them?

I still have an OX account. I used them lot a few years ago.

I was quite happy with the information made available.

Feel free PM if you have specific questions about what they have/don't have.