stepandfetchit's Recent Activity

  1. stepandfetchit replied to the thread Cash/Margin Requirement for Vertical Put Spread.

    Reading between the lines here, but since I do not know your broker, the rejection reason may also be inaccurate! I think you indicated...

    Aug 10, 2022 at 5:08 PM
  2. stepandfetchit replied to the thread Cash/Margin Requirement for Vertical Put Spread.

    K. Your risk is $5.00 but since 3.80 credit received, overall risk should be 1.20 ($120) ignoring assignment and related issues. Note:...

    Aug 10, 2022 at 1:47 PM
  3. stepandfetchit replied to the thread Cash/Margin Requirement for Vertical Put Spread.

    I would hope you are not seriously considering such a trade! You are taking a bullish position on a bearish product. The long time...

    Aug 10, 2022 at 1:22 PM
  4. stepandfetchit replied to the thread Trading VIX as a CoveredCall possible? :-).

    FWIW: In case it may not be clear: VIX is the untradeable index, which is a computed value: see:...

    Aug 9, 2022
  5. stepandfetchit replied to the thread Trading VIX as a CoveredCall possible? :-).

    IFF you were approximating a covered call, your underlying would be /VXF23 -- using the wrong underlying (next month) is overstating...

    Aug 9, 2022
  6. stepandfetchit replied to the thread Trading VIX as a CoveredCall possible? :-).

    K.. Now I understand! Ouch! It seems that will severely handicap you in improving trading performance. -- Beware that covered calls on...

    Aug 9, 2022
  7. stepandfetchit liked earth_imperator's post in the thread Trading VIX as a CoveredCall possible? :-).

    I'm handicapped as follows: I've only a CashAcct. Many option combinations are not possible with a CashAcct (only "covered" trades are...

    Aug 9, 2022
  8. stepandfetchit attached a file to the thread Trading VIX as a CoveredCall possible? :-).

    RE: collateral: This would not work? [ATTACH]

    upload_2022-8-9_10-52-38.png Aug 9, 2022
  9. stepandfetchit replied to the thread Trading VIX as a CoveredCall possible? :-).

    UVIX can be a nice product to trade.

    Aug 9, 2022
  10. stepandfetchit liked earth_imperator's post in the thread Trading VIX as a CoveredCall possible? :-).

    Good news: My scanner just found a replacement using UVIX with slightly less projected outcome, but that's 'nuff for me... :)

    Aug 9, 2022
  11. stepandfetchit attached a file to the thread Trading VIX as a CoveredCall possible? :-).

    I am guessing a bit, but would something like this be close? -- Change the strikes to dial in what you want. [ATTACH]

    upload_2022-8-9_10-37-50.png Aug 9, 2022
  12. stepandfetchit replied to the thread Trading VIX as a CoveredCall possible? :-).

    While I see no reason to desire a Covered Call on $VIX.X, The underlying would actually more appropriately reference the /VX Futures...

    Aug 9, 2022