Quick intro before i jump right in... been an option trader on and off for about 15 years. Those of us who remember the optionetics courses from years ago will be able to pick my vintage. I trade Strangles, Iron Flys, rarely debit spreads and butterflys. I find selling premium more sucessful than buying spreads, but you need a decent size account to cover the margin. I use IB for all trades at around $1-$2 a side in slippage
Been mildly successful, I trade a smallish account and look to make about 3-5% a month, I trade the aussie banks, XJO, BHP and RIO. Couple of others if I can find some liquidity. With Daylight savings running - I also trade the USA options, which is so much easier. RUT, TLT, XDA and GLD to name a few. So much liquidity and much smaller spread.
Not sure if I will continue the US trading when DST changes... I am not an early morning person !
Anyway - GDay all, hoping to find some like minded guys on here with ETO experience to chat with and share experiences.