S2 Option Trader

[hanksterr]

Hi,
I also am taking a loss in this TYO trade.
Can't win them all but one thing I think is very important is to have some criteria which you use to decide whether to take the trade or not.
One is Open Interest and volume.
This is very important when trading options.

The more liquidity you have the better.
The more liquidity the tighter the bid/ask spreads also.
Had I checked this prior to the trade I would not have taken it.

Compare a TYO or TMV or dozens of others with a TNA,TZA, ERX, ERY etc.
The volume is in the multi millions.

Maybe others could post some symbols with the highest liquidity.
There are more and more each day.

Also, would like others ideas on more criteria to use to make the trade or not.

Thanks.

Hank