I'm curious then about your Oct 610 put entry. You first mentioned it on Aug 31 (unless I missed it earlier.) The past few days would seem to be...
Don't forget that stdev is partly based on historical volatility which has been very low. This compresses what you see as +1 and -1 sigma....
Hi domestic, You are a brave man to discuss unhedged option shorts. Its only a matter of time before somebody summons He Who Must Not Be...
That's a whole different and nasty can of worms, isn't it :) The big question here is do you trust this guy enough to trade your money? Do you...
What really struck me about John's post was this, " requires that you have your nose in the screen, be able to predict the direction very well,...
Check out the profit zone on this baby! :) [img] It only costs you $425 to get in.
I think many of your posts are quite useful and informative. But others sometimes get a whiff of superiority about them. I'm sure some of my...
I see your point that a more complicated position isn't necessarily a better position. "Better" is in the eye of the beholder of course. I...
I always think about the quote from one of the 20's era market "greats". JP Morgan perhaps? I don't recall. "I don't mind volatility. Its...
Edited and forgot to re-attach...
I think a long calendar might be a better tentpole. Like the fly, it is still a defined risk and defined margin. It has a wider b/e and just...
For SPAN margin, yes. SPAN is portfolio risk based. When you add the backmonth longs, your portfolio risk changes and span adjusts accordingly....
It depends on the kind of position, how far OTM, etc. Also a factor is how many other trades you have on with the same underlying. If I have a...
I currently have some ES SEP1230P/OCT1200P diagonals in place from a few days ago. Margin required to add contracts is about $700 per contract,...
I'd be happy to tell you if I knew the answer :) SPAN margin looks at your whole portfolio, so unless you only have 1 trade on, its hard to tell...
The trades were ES options, which ToS doesn't offer. I trade them through IB. I would move to ToS in a heartbeat if they had globex futures...
AUG ES options are still trading today. With that in mind, here were my two diagonal trades for the month. This is for illustrative purposes...
On a board that discusses FOTM vertical spreads, I don't think a high risk/reward, high probability and small credit is exactly taboo. I don't...
He was dumbing it down for my benefit :) I understand that a volty jump will benefit the long backmonth more than it hurts the short...
I find it curious that you would say this. One of the big knocks on vertical credit spreads is their exposure to negative shock events. A black...
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