Devilfish, I understand what you are trying to do. However, the skew that you have in your IC is quite substantial. I suggest a much reduced...
Sebastion, I'm glad you are asking questions. It's far better to ask questions before you try to use options than after you have lost your...
Sebastionay: You're getting good advice from the responses above. 1) Read all you can before starting. Any investment that gives you...
His website talks about theta decay. Practically speaking, this inevitably means selling some sort of spread. It may be an Iron condor style or...
Interesting discussion. Please read my comments very carefully before you respond! Credit spread trading is a very interesting game. Frankly,...
I hope you collected a really healthy premium for that IC, and I also hope it isn't a large fraction of your overall portfolio!! It is possible...
After reading the first post I had to chuckle when I saw the OIC's optionseduction.org part. Look carefully at the letters in bold,...
Nitro, I really like your idea. Anything which allows a retail trader to simplify a process or customize his risk exposure is a good thing. In...
Adam, Since the SPX has many strikes (a feature that I really like along with the liquidity of this market), it is pointless to try to give you...
re Xflat's comments above--- (and he is right) As a consequence, you should always wait a minute or two before you change your bid on a spread,...
Charles Cottle's books are superb for this and give illustrated examples of multiple styles of adjustments. He even has a chart or two dealing...
Where would you like him (Favre) to go...home to Minnesota?? Possibly to a nice retirement home? On a vacation in Tahiti? Away for good?...
Actually, xflat, the put prices he is quoting are correct, at least they are if Yahoo Finance is. I see the 4 Put at 0.98-0.99 and the 5 Put...
Can you give me a specific example to model, Walt? Pick one that looks like it might work really well for you. I'll be happy to look at it and...
I believe the reason reverse calendar spreads are rarely mentioned is the unfavorable margin treatment that is attached to them. A regular...
Some comments: 1) I checked the current prices at the close Friday and see that about $1.60 is a more likely price for this condor. If you...
erol, My instinct is that Tao is correct with his comment about delta/gamma. I have noticed this buy high/ sell low situation when...
Sorry, I wasn't clear when I referred to the 25:15 ratio. This is my own particular way of thinking about BWB's so it needs some explanation....
Spin, I think that the collar can involve either the 620 or the 630. The risk characteristics are quite a bit different. Writing the 620 is...
Spin, Omaha steaks?? That's what comes out of the back of an Alberta steer!!! Seriously, Alberta AAA beef aged 28 days is better than...
Separate names with a comma.