History says you are wrong. In Oct, 1987, a time when VIX reached 150, option time premium was worth it's weight in platinum. That means the...
I disagree. It is ANYTHING but prudent to hold these positions through expiration. I tend to close all diagonals early. When I believe the...
Curent XEO market is 0.65 to 1.50. I am offering at 80 cents and cannot get filled. That's pretty bad. Mark
I want to trade cash-settled, European exercise index options and want to open Oct-Sep diagonals now. I cannot find anything to trade with Oct...
I have had zero luck getting any XEO spreads opened. How far from mid-points must you go to get them to trade? Mark
3rd Friday is traditional expiration. Other is 'end of month' expiration. Mark
No need to wait for webinars. You can listen to previous webinars on identical topic....
I did not recommend this trade. Merely replied to question regarding ease and feasibility for a public customer to open position with extra...
Yes. Just buy extras. Example. Buy 50 butterflys or condors. Then buy 10 (or more) of the cheaper call and the cheaper put. You would now own...
I trade very small size in MID (did a 3-lot diagonal spread today). The markets are not as wide as SPX and the MMs usually give you a dime to 15...
This sounds wrong to me. If the underlying index continued to tank, you would be forced to close the calendar quickly (because the spread...
You took out insurance to protect your portfolio. Insurance is expensive and that's all there is to it. If you prefer to follow your heart and...
The maximum pain theory refers to the pain felt by option BUYERS, not SELLERS. Mark
Disagree. Max loss not yet locked in on a 100 point drop. You could easily cover this spread for FAR less than the max. And the higher the IV,...
Coach, I don't believe banked profits are relevant. That's like the blackjack player saying that he has taken his initial stake off the table and...
One good reason is that Newton's first law applies here: "A body in motion tends to stay in motion, unless acted upon by an outside force."...
Thanks. Not looking for myself, but for someone else who wants to learn the basics.
To anyone: A friend asked me to recommend a few good books on Technical Analysis, and I am totally unfamiliar with the books in this area....
I still find it next to impossible to trade SPX. I entered a Jul, 10-point put spread early in the day, asking for a credit of 55 cents. Later,...
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