Disliked{quote} Hey there TF. You raise a number of points, the first of which I don't quite understand. "there's a point at which the margin benefit of the original "anchor" long call or put has diminished and the run is over" Sorry, I'm not sure what you mean by that. The daytrader limits suck big time. I thought it was 5 day trades per week - that's what IB appears to do - but 3 rt/month? Seriously? That means you can only open and close 3 separate positions PER MONTH? I just checked (only very quickly) and http://en.wikipedia.org/wiki/Pattern_day_trader...Ignored
Daytrader limit as best as I know requires no more than 3 rt per 5 consecutive trading days, or m/l 3 r/t per week. Sorry if I said 'per month' somewhere above. I will try to find more definitive references to that somewhere & will post when I do - I'd assume that comes out of some US regs somewhere. To be sure, though, that's an onerous limitation but also one I have been living with.
Yup I have been looking at the tastytrade vids from time to time. Cheers BW & I hope we will have chances to muddle thru together with some real trades here in coming days.
"If The Fool persists in his Folly he will become wise." - William Blake