Yeah, the combo (PF) is going out at 260 on the day. Gain of 30 handles. These things are great if you know what to look for. Best traded in a PM account.
Excuse that comment. Ass backwards. Rather a short combo. It's easy to see that the pressure is now to the upside. Looking a little better for you. edit: Good trade. Not a bad haul since last Friday.
I actually covered most of the NQ after the China-data, but will keep it as-is. I still have some NQ, but not 1:1 as reported.
Adjusted Sep SPX pitch fork - do not want to be short SPX here I entered this pitch fork with hedge on July 23. I could have taken about $3200 profit after Aug. long puts expired OTM per spread, but instead I changed the position. on 23 July sell 1 SPX Sep 18 1910.0 call for 83.50 per spread on 23 July sell 3 SPX Sep 18 1910.0 put for 16.20 per spread on 23 July buy 2 Aug 14 2014 1850.0 puts for 2.15 per spread New position (I am short too many social networking bubble deltas - I need to learn to hedge with ETFs or stock): On 18 Aug buy to close 1 SPX Sep 1910.0 call for 67.30 - profit 16.20 loss on option - 4.30 I think I want to be long SPY stock so I left the short 1910 puts and hedged half short spy. Now long about 360 SPY shares per spread instead of short 140 SPY deltas. On 18 Aug sell 300 SPY stock for 197.29
I did. It's been a HUGE WINNER for me and is going a lot higher. They can earn over $4.00 per share with just a 10% penetration of the addressable market.
Yeah, good going. You did your homework on that one and it paid big. Impressive trade. Nice piece of fundamental analysis. I asked because I sold some puts on it the first time it breached 17. Got assigned as it dropped to the 15s. Did the old sell calls against it and close with the conversion. Nice little trade. Option premium is still pretty high. Looking back I see it was 17P not 18.