I'll start with a comment about closing spreads on stocks. There is no question you should close them unless you plan on acquiring the stock and...
Update time, again... (these are SPX spreads expiring in SEPT--3rd Friday morning, two weeks to go... I briefly considered rolling to OCT, but...
A couple of quick notes on my "current" IC position. The new short deltas for puts 13 The new short delta for calls 12 Trading days to...
Put master, If it goes beyond your short strike on either side at expiry, you will lose some for sure. If it goes beyond your spread entirely,...
OK, here's the adjustment I'm going to make-- and it will be somewhat controversial, I'm sure, but feel free to shoot at the choice, it's not real...
Now for our daily update: A big move day, up 28+ points on the SPX! Now our position doesn't look so great... Put spreads 1325-1300--...
cd, buying back the call spreads won't actually release margin, because the margin applied to an IC will be the same as the put spread OR the...
OK, let's say the market drops by 25 points relatively quickly, say within two days. We will likely reach our threshold of 16 delta for the puts...
The daily update: As most of you know, the market dipped during the day, but recovered and then closed slightly down. Our hypothetical...
Guys, thanks for the comments, so far. Thanks also for noticing that this is not a real trade. I'm going to track carefully the value of the...
Good discussion so far, gentlemen. I've been doing some additional thinking about iron condors (which I have been trading for a few years, with...
trendtrader--- First a question, then two suggestions: 1) by 200, did you really mean $2.00 per option? I'm assuming this is the case because...
You can get the full lowdown here: http://www.futuresmag.com/2011/09/19/eliminating-risk-with-the-iron-cockroach It is indeed composed of two...
Teycir One of the tricky things about broken wing butterflies is that the really profitable zone is right beside where the danger begins to...
Teycir, it looks like your NDX is working out pretty nicely for May expiry thus far. Are you still in it? I'm curious when you make...
If you own a put contract, this gives you the right to sell shares in the underlying stock at a specific price. Since you own 12 puts with a...
If you bought the put which cost 15.95, and it is now trading at 29.00, you can sell now and pocket your profit of (29.00-15.95) 13.05. How far...
Whoa Achilles! Canada has no serious government debt issues. We're way better off than the good ol' USA and almost every country in Europe....
Assuming Forex is right, it confirms my post. Most of the time this is a position that loses money, and once in a while it smokes one out of the...
Spreads will certainly reduce the risk and volatility in your account. Yours has had wild moves. The first year must have been exceedingly...
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