Seems like you're on a roll with the hedges. May as well give up with the credit spreads! Wondering if you'd considered locking in the profit...
Andy, I see. If your focus is on total $ returned then I can see why this strategy might disappoint or not fit your criteria. I think you can...
Andy, You may have been slightly unfortunate with movement of the index in the last couple of months! Yes, the margin at risk can increase...
This is the crux of the argument. You must be sick of having to justify using SPX every 3 pages lol. It will be interesting to see if the FOTM...
Donna, Not an expert in this area, or indeed any area for that matter but I believe it was McMillan in his first edition of McMillan on options...
grrr... Waiting to get filled for half an hour and I'm more than 15 cents off the mid. What is wrong with this picture? Natural is .20 and...
I think SET was the least of people's problems that particular month. The problem with credit spreads/ICs is that they often really only reveal...
Agree, but alas for some people this is just not possible even with mobile access. Do we say to those people that they shouldn't be trading? It's...
Good explanation. I like the iron butterfly approach too depending on how sideways things are looking and then adjust or build from there into...
Rdemyan, That's exactly right. Ratio more long legs than short. The ratio is dependent on what risk profile you are after and credit etc. The...
Right, lost me on all of the above lol but I'm sure you know what you mean. Nice idea. Similar to contingent short futures idea. Is it...
Agree, risk management or "cheating the probabilities" as I like to call it can make the difference between success and failure but I think there...
Phil, It's Sunday so forgive me for being brief: Criteria for selecting products to trade (credit spreads or otherwise) are quite simple...
Rdemyan, You mean people actually read my posts? LOL. I've tried to disguise my vendetta against the SPX market makers but obviously haven't...
Rdemyan, Yeah, what he said. :) Comparison based on relative percentages. You have a very small window of opportunity in my experience...
Rdemyan, Agree that a central location for positions etc. would be a good idea. Better still if they made these forums more specifically for...
LOL. Again, this is priced into the options accordingly. Momoney.
Ryan, A few basics to get you started: Pros - Electronically traded - including electronic cancels. SPX did not have this last time I...
LOL. I'm inclined to agree with your analogy but perhaps not in quite so strong terms. It does perplex me a little when people seem to be...
Parisd, I'm sorry, but I have to disagree with your assertion. SET risk has in fact been covered ad nauseum on this thread in the past. I...
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