what was the net delta and gamma of your spread when you put it on?
It's slow moving...
SPX down 5 points and VIX has barely moved... Why? [EDIT] OK, it just moved. It's interesting to watch VIX's behavior as SPX breaks below key...
Rookie Rich, good start. Now if things start turning against you, do you have a plan in place to hedge/adjust/close the positions?
Software to show risk graphs and their dependencies on greeks, underlying, etc... like OptionVue
Donna -- I'm tempted to do the same,... although I wonder what will happen to oil prices on Friday when Iran says "no" to the no-nuke deadline...
I tried IB for a couple of months... but entering spread orders were a pain. I found TOS' user interface to be quite a bit better. And TOS is...
This comment is worth printing out and displaying next to your monitor.
I've done things like this too. All it would have taken to avoid this would be another pair of eyes (spouse, friend, co-trader), who just said...
80% of my trades are not ICs....
Donna, I agree. I've spent most of my efforts in the area of getting a good handle on directional bias (not just price-based TA, but volume,...
Donna -- occasionally I am, more on the call side than puts. Working out OK. It can cut down on returns but I've become much less greedy than when...
I'm doing the same thing I posted a while back. Spreads hedged in a couple of different ways, all put on at the same time...
I'm guessng he monitors his trades less than the FOTM folks -- that's the whole idea, small positions, better risk/reward, less monitoring.
Rally -- if you're only going to hold for a week, why use a slow-moving spread? Why not buy some SPY puts?
Also, did you look at JUN instead of MAY... almost the same price.
Actually, that would be $3,200 reward. Reward/Risk would be 1.60/.40 = 4:1
Yes, who IS doing the buying? I'm still not buying into this rally...
According to my calculations, that means you were living in a 400sf studio up till the age of 45? OH MY GOD. :eek:
I'm really confused now. :confused: :confused: I was under the impression that this Maverick character was owner of a successful trading firm,...
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