This journal is becoming more and more like a couple of school kids in a playground boasting about who has a bigger weenie. It's a shame as there...
Here's a radical idea - rather than 'bashing' people who don't yet have sufficient options knowledge, and calling then 'idiots' why not help and...
I see Poop Dick has made his presence felt on yet another thread with his unique blend of condescension, aggression and social retardation.
This is exactly the kind of pointless comment that's spoilt many a journal here - if you don't like selling options, then stay away from this...
It's a shame there's a couple of tossers on this thread spoiling what may turn out to be a very useful journal for those of us who like to sell...
Jamesbp, I have a question for you - where is the synthetic in all of the theoretical positions you mentioned?
Okay, I see. How does this labelling now help us trade better? This is the bit that I cannot seem to comprehend. We can have different labels for...
This is : - credit call spread (3300-3400) - naked straddle (3500) - debit put spread (3600-3500) I'd : 1) buy long puts in SPX (or long puts in...
@jamesbp thanks for taking the time out to reply. I apologise if I am struggling to understand basics or being overly persistent. #1 short 3250...
Thanks. I always find things become easier with an actual example. So....say I create a SPX iron fly right now : Expiry is 21-Feb. Strikes are...
Mathematically there are none. Practically there are subtle differences. One being liquidity, spreads/slippage and ease of fill. Eg, if doing a...
This ^ 100%. I traded a lot of iron flies last year. I started a thread hoping to get some sensible discussion going,...
Thanks Taowave for a honest response. I see a lot of talk on this forum regarding synthetics, with one particular very well-known character...
Has this journal become dormant, TBS? That's a shame as it's one of the good ones.
@taowave, this is interesting. But a question - how does one actually use this information to get a better trade setup? Or is it just an...
You mean properly margin, or charge lower commissions? I'm UK based, and use IB. Margin for calendars seems to be okay-ish, but I don't usually...
@draft730 , ignore the haters, and the most sensible responses you've had so far are from drcruz and SweetBobby. I'm an option seller myself...
With the greatest of respect, this thread would be a lot easier to read and understand if there was an actual example of the trade in place - then...
How can a 15 delta option be ITM? Do you have an actual example of this type of trade, with strikes, prices etc? Cos I'm having difficulty...
Good point, and of course, the spread is really wide, making this good in theory, but not scalable in practice. Thanks for the input.
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