Interactive Brokers Options Trading - Closing Options Trades for $1,800 In Profits
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- Опубликовано: 15 окт 2024
- Interactive Brokers Options Trading - Closing Options Trades for $1,800 In Profits
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In this video, you'll see how I close 3 options trades on Interactive Brokers for a total profit of $1,800.
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Finally found someone who actually showed how to close a position in IB :D Thanks very much :)
😊 You are welcome! I am glad that this helps!
2023 and I’ve just found this too. Thank you
Yeah right? Helped a lot, was very confused about it. Deserve a thumbs up
Good to see a RUclipsr actually use my brokerage of choice. In the UK the only decent brokerage we have is IB.
Hi Michael, yes, I know: When I still lived in Germany, IB was the only "good" brokerage. That's why I had these accounts for 21 years now - LOL.
Can you use TastyWorks in UK?
As far as I know: YES.
Excellent video. I would like to see more videos like this: 1) closing sold calls; 2) Buying calls and buying puts.
Will do!
Super helpful. Thank you!
You are welcome!
Excellent and thank you for demonstrating it
Awesome! I am glad that helps.
Amazing. I wish more vedios of you.
Thank you for watching! ;)
Very helpful video. Thanks for showing how to close a position.
You are welcome! I am glad that this helps.
I like this. Very good explanation! Helpful for me
Awesome! Thank you for watching. ;)
Great video, thanks a lot, please do more IBK videos
Thank you for watching! Please watch my live streams daily here www.youtube.com/@rockwelltradingservices/streams
finally someone showing this, that's crazy how hard that was lol
Fully watched + Liked
I hope this helps! Thank you for watching.
Hi Markus, is there any reason why my SOFI bull spread is not closing. It has not gone through for 3 days…The volume seems to be reasonable, I tried different bid/ask and also market and nothing…. Any suggestions?
Great video! Thanks a lot Sir!
You are welcome!
Thanks for this Markus. I'm a compete noobie - I thumbs upped you! Can you make more videos like this showing us how to sell calls and sell puts?
Hi C M, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
Here from @Stock Market Live on RUclips ❤ty for making it clear to me
Awesome! :)
Can you please do more of these small account options walk through. They are really good to watch and I have a small account and grinding through the pain 😄
I have them all in a playlist. Here ruclips.net/p/PLBa3sAx-Io2mKeshqqNe0PfEJb6IYNeJW
Thanks for the video. One question might sound like a newbie question, since you bought them back, does this mean you still have a position open on an option for that month that will expire or is it "closed closed" in other words, there are no open positions. If you buy the option, you are taking control of it at the difference from when you sold them, so does it mean that the option is still out there & you could theoretically still make money on that "bought bck option" if something happened in the market? Thanks!
Hi Markus, I have a couple of questions... 1) Do you use TWS's Option and Combo presets to specify Profit Taker/Stop Loss values? 2) Do you ever trade SPY? I see that a lot of people advocate trading it because of its low volatility and tight trading price range. Ironically, I recently opened an Iron Condor for SPY and ended up losing money on the Call Credit Spread aspect of it. I guess the market has a bullish bias and I should have placed my Call strikes further out. Still, I didn't expect SPY to move as high as it did. Otherwise, what stocks/ETFs would you recommend trading for someone with a small account that's just starting out?
Hi there, lots of questions :-)
1.) No, I don't use TWS Option and combo presets
2.) No, I don't trade SPY. Low volatility = low option premiums.
3.) I don't like Iron Condors. It's just not my trading style.
4.) I like to find the stocks and options to trade using the "PowerX Optimizer". You might have seen me using it on the channel.
Does this help? 👍
Hi sir, what is your options timeframe ? 3 months out ? And how do you decide the strike price for such a timeframe ?
The timeframe for SELLING option is usually 5-10 days. When I'm. BUYING options, the days to expiration is 30 - 60 days.
Does this help?
@@rockwelltradingservices , I appreciate your reply. I have seen other RUclips videos that discuss selling options with DTE of 1 - 2 months. Is there any reason why you prefer weekly options to monthly ones?
Can you please show how to close iron condor on interactive brokers
Thank you
Hi Markus, very helpful video. Could you demonstrate how to close option spread positions with IBKR Trader Workstation? I've found this very confusing. I'm also trying to figure out the technical details of rolling a trade to avoid assignments.
Same question here. Would be great if there could be a video about this!
@@carinvogelaar5926 It is confusing because I dont know how you come by a negative position and the reason for buying it back
Nice Marcus, can you still close by right click on put position? in IB if its in loss and price is going down
Hi Hiren, as far as I know, most brokers allow you to just right-click a position to close it. You might have to check with their support team if it doesn't work.
Can you make short videos for rolling & closing spreads especially rolling for diagonal spread. Thanks
We are taking note of your recommendation.
Please more videos like this. Most of us newbies don't know how to lock loss and take profits and etc. These fundamental things would be great.
Thanks a lot!
Sure! I am glad that this helps you.
@@rockwelltradingservices you doing great man! Very easy and understanduble.
Thank you! 😎
Subscribed! I really like the way you show us the whole process... I'm a Brazilian living in Toronto since 2016 and, as a Portuguese native speaker, it's hard to trade in another language, different stocks, different markets, etc.. even though I have good experience trading options in my country... Well, thank you for making it so easy for me, and sorry about any grammar mistake lol
That is awesome to know, Andre. Do not worry about your grammar, you are a good Portuguese speaker than I do. 😊 Your language is cool!
Do you need to have market data plan to be able to move between the ask and bid price ? Because in my IB this selection is impossible , and i dont have the data btw.
Can you please open and close an ironcondor on interactive brokers Thank you
I am taking note of your suggestion. ;)
When it comes to Disney shares, is trading really that slow? Normally the order books are full and it would have to be executed immediately since millions of people are trading
My good man, the layout has been updated since you uploaded the video, could you upload a new one?
Hi! Please watch Markus's latest video here ruclips.net/video/Tw5DLRls64k/видео.html
Hey Markus, what happens if I tap on "Close position"?
In this case, the broker will close your position.
So if you bought stocks, he will sell them.
If you sold options, he will buy them back.
Is this making sense?
NICE video. Those were great swing entries
Hi JAYMZ HARDY-MARTIN III, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
HI.. thanks for the video .. can you also show how to close one leg of a multi legged strategy
I'll put it on the list 👍
SO HELPFUL!!!! thank you!!
😊 You are welcome! I am glad that this helps!
Hi Markus! I’m new to trading options and I wonder why can we close the options at a lower price than we sell options? For example, in the video you sold 0.89 put but close at 0.06
HI Hanh, yes, absolutely. I like to close my position at 90% of the max profit. In your example, that would be $0.09. Does this help? 👍
Hi Markus, good video, explained very nicely in detail
Hi Hiren Thaker, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
@@rockwelltradingservices You Deserve, your videos are best and you don't do it like show off like some others on youtube. You really teach in detail in your free video too.
I am buying your book from Amazon Tomorrow. Many thanks Hiren
Thank you for your support, Hiren Thaker! :)
Great video Markus,
I am building my IB platform right now. but I am little bit lost. Can you help me figure out how to display the option positions, for some reason I have a position (Call Credit spread) but don't see it the way your positions are on the Monitor/ Portfolio window. thanks
Hi George, great question. I actually moved away from IB to tastyworks, because I found it very difficult to see my positions on IB in the way I wanted. There's probably an easy way, but I didn't find it. If you want to check out tastyworks, you can get more info here: rockwelltrading.com/tastyworks
Does this help?
We buy back when we have to exercise option?
No, "buying back" mean closing the option before expiration. Making sense?
great video. Is there a way in Interactive Brokers to setup a closing option position when the profit reach a certain percentage of profit? Same question but to close at certain percentage of loss :)
Yes, it is but you need to do it "manually." Here's how it works:
Let's say you bought an option for $1.00 and you are planning to make $2.00, i.e. 100%. In this case, you would enter a LIMIT order to sell the option at $2.00 as. GTC order (good til cancel). As soon as somebody is taking the other side of your trade, the order gets executed and you realize your profit.
Does this help?
can u show option trade on option lab of IB
good video. Can you do a video on how to close a multi leg spread. I am unable to do it with one click to create the opposite of what i sold on IB I can only do it one at a time.
Great video my friend. I am really focused on Mortgage companies and banks! I have been doing very well! Thank you for sharing, Happy Easter and Happy Pass Over my friend.
Thank you! :)
How were you able to sell so many naked options with a $30k account? Porfolio margin?
Yes, that's a margin account.
can you do one on closing spreads? thanks!
I'll put it on the list. 😎
Hey I’m a new subscriber, May I know what’s your best stock strategy! Thanks
Hi Jian. I use the PowerX strategy and The Wheel Strategy.
@@rockwelltradingservices what do you think about put credit spreads & sell naked put options as strategy?
I made videos about that here ruclips.net/video/8OKG9U9LAog/видео.html and ruclips.net/video/WQt-3StLaFU/видео.html
@@rockwelltradingservices Which stategy would you recommend someone to start with that has low capital and experience? Is it fair to say that this strategy requires minimal attention meaning you dont have to day trade much?
Additionally, do you set stop loss
Thank you friend, great video
You are welcome! I am glad this helps. :)
Thank you for the help, very good explanation
Thank you! :)
So glad I found you. You are amazing. I am such a greenhorn
Thank you! :)
A very good video! Keep it up!
Thank you!
Godforbid Robinhood - as of Feb 21, so true xD
great content!
Thank you! :)
Hi Markus
Great video
Please could you do a video on how to close credit & debit spreads
Much appreciated
Got it! I'll put it on the list. 👍
Thanks
😊 You are welcome! I am glad that this helps!
love your trading please kept it up
I am sorry I have to say it….I am sure I am not the first one….BeeGees ❤
Lol! You are not the first one. 😆
420 is always a sign
Thank you for watching!
He predicted Robinhood...lol!
Paper account. You should at least have account number on screen with everything blurred but the U at the start to show it is a real account.
Please watch my latest video. This was created 3 years ago.
subscribe
Awesome!
Sory cor that im afraid
Sorry for that im confused
I am lost as a duck in the desert
Let me know if I can help! :)
@@rockwelltradingservices . I'm just new and dont know how to get started
You can start by registering here www.rockwelltrading.com/free/trading-options-101/