You remeber I told you I use the CTM ITM mostly as a cover for my OTM. If I get money from the cTM spreads, fine; as long as I can make money in...
You are exactly right. That will be my next step. It's to trade ITM, CTM only at directional bias basis and close afyter two or three days. I did...
My PUT wing gave me a net gain of 0.90 and the cal picks up 1.60 for a total of 2.50 about 7.9K. Right now I am up 2K on the CTM. I am ready to...
Yip, My CTM has lost some ground today due to the huge ramp up. What I am happy about is that I closed both wings Yesterday I closed...
I am with you Cache. I observed it last 2-3 days. That's where came my explanation. I I am not good at the Greeks stuff but I know I prefer...
I am lighting up as well. I close my 810/820@0.10 debit. I am watching RUT so I can close 740/730. I want to close the condor 770/760/790/800...
Entry is key for CTM, ITM. I enter mostly on OB/OS conditions. I entered 790/800 when RUT was 793 and overbought and I entered 770/760 when RUT...
RUT below the MA(50) is not a problem for now. I think that RUT has settled a little bit and reacting better than SPX today; that's a good sign....
1)The 740/730/810/820 condor @ 2.85 I have 40 of the 740/730 and I had 20 810/820 but closed it for 0.10 debit. I can lose 40K 0n the...
Yes, they are all Credit spreads. Next time I will be more specific. This morning I closed the short side of the 810/820@0.20 debit and still...
That's why I go ITM on the Call side and CTM on the PUT. I try to enter the PUT on oversold condition.
1) It was a debit. I do have 3.4K credit for 810/820; If I create 800/810 debit @ 0.70 for 1k, That's would have created the BF for 1.00...
You see, You opened 800/810 Credit for 0.85. The market indicated reversal this morning when RUT touched 770; that's why I didn't do anything...
This market may inch higher in the next 3-4 days. Nasdaq has been acting very strongly since last 4 sessions. We would have been much lower by now...
Andy, I don't close unless the indicators or price action are against me. MY ITM CTM spreads are: 790/800 ITM Jan Call @5.30 770/760...
I used to trade OEX SPX RUT RIMM etc.. but since the Israel Lebanonwar I saw an 18% profit dissipate in one month in July. I expected down market...
I always have some money left either to close or open CTM or FOTM wings when TA allows. I have two accounts TOS and OX so I can for example do...
Closer RUT gets to 770 more money I make. As Nasdaq was getting overbought yesterday, I opened 25 IWM 77@ 0.60 I also added 10 790/800 RUT...
I am not a big discussion guy; this one is over.
The only reason I questioned the FEb PUT position is because I know RUT and the general market are overextended and the downside is much greater...
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