You misunderstood. The conversion to the FLY when the short is slightly ITM is a way to lock in a much lower loss while still having the...
I think bearer bonds are now illegal in the U.S. In other words new issues cannot be bearer form and only old treasuries issued many many years...
Good point to bring up as I would hope no beginner here ever tries to follow an advanced strategy blindly. I made that speech several times and...
Well that is a different story then saying I lock in a $162K loss if the market is below 1355 at expiration.... My 1340/1360 only went ITM...
If the market is below 1355 in 3 weeks, I do not see how I have locked in loss of that magnitude since the OCT ES options will expire worthless...
DIAGONAL SPREAD UPDATE - ADJUSTMENT Ok I finally have time to write up my adjustment on Friday to my 1340EW/1360ES diagonal. Original...
Problem with regular SPX is the wide spreads. The weeklies have even wider spreads and only have a few strikes each week so not a lot of choices....
I will post at the market close... basically as a teaser I rolled the SEP1340EW/OCT1360ES spread to a OCT1355ES/OCT1375EW for a net credit of...
Yes, try the margin desk since the position is hedged I would assume that even under Reg T. it would not be treated as a separate short and a long...
Well I do not remember the widest and narrowest prices of the EW/ES spread I have but I will be posting my adjustment as I trade it around 3:00 PM...
Great, I can see CNBC in Greece: "We are waiting the Greece GDP numbers and inflation numbers here at 8:30 AM... OK here it is, GDP at...
Yeah.... we should call it.... LOST!
I was afriad of getting whipsawed on the economic data release so I covered at 8989 for 10 pips... I am sure it will keep falling as it currently...
Short entry on the Pound at 1.8699.... Pound paused after its drop earlier in the morning and looks like it is breaking out again to the...
LOL they probably didn't. I bet the clearing firm made a mistake and IBs computers only read what the clearing firm attributes to your account....
I think what most likely happened is the clearing firm put the long stock in the wrong account. It happened to me once or twice at a prop shop, I...
Read it several times...... still do not understand what you said lol
Not sure if that is really a hedge after an IV spike. If I put that on after the spike and the market rallies I could lose big on the call spread...
If vols spike I assume the market will have fallen quite far from the short call strike. I have not modelled this yet but my assumption is that...
Well tomorrow is expiration day for my 1340EW/1360ES diagonal on the short side. With the market at 1347.50 currently my short call is in the...
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