That's a terrific demo of your positions and entries. Thank you very much. Wow...once TOS has access to globex, I'm all over that. Question:...
POT, POE, etc are derived from formulas, yes. But those formula's include IV, which comes from option pricing, which reflects the sum-total...
Your quotes are off. ES SEP 1330C is 4.35 x 4.80 ES SEP 1335C is 3.40 x 3.80 ES OCT 1330 is 14.25 x 15.5
Dan Sheridan is a former CBOE MM who does coaching now. He did some webinars for CBOE that you can find here:...
Sheridan also places the vertical short at 1 sigma, and if that gets threatened, he rolls out another 1 sigma and doubles the position. If the...
As Mo's post points out, ES spread margin is better than SPX. How much better also depends on the width of the spread. A 5 pt ES spread will...
An update on Coach's ES put diagonal for those interested, since today sees a +10 jump in ES and a 1 point drop in VIX. Original position:...
Your margin doesn't really "go through the roof". It just moves to be similar to the margin requirement for being short the futures contract...
As requested: ES 1276 VIX 15.06 ES AUG 1225P 3.00 x 3.35 ES SEP 1200P 6.25 x 7.00 Offset the AUG @ 3.25 and SEP @ 6.50 gives a credit...
Check out "Trading Options to Win" by S.A. Johnston. Its a good options trading book in general, and he particularly discusses OTM writes on...
This is not an apples-apples comparison. First, selling a near ATM ES option has almost the same margin as holding the futures contract...
Today, the SEP1340P is 100 points ITM and is trading for about 93. What can this put possibly trade up to? Anything over 100 is free arb money....
I believe you are thinking of the posts he has made on ratio diagonals. Just imagine for a regular diagonal you were short the AUG1340P and...
Worst case scenario, you still have a 20 pt spread. So your max loss (barring a failure of the financial system) is 20 points + the debit you...
Just a reminder of Murray's position: Position #3 STO July 1250p - $20.00 STC July 1250p - expired, pending SET BTO Aug 1230p - $20.90 BTC Aug...
The P/L of a put diagonal comes from the value remaining in the long backmonth option when the short frontmonth expires. Obviously the value of...
Remember, Phil said "for those trading ES options" :) Overnight margin for 1 short ES 1125P is in the $1500 neighborhood. Even if you...
This trade still has a margin requirement for the 100 naked 1175 puts. If you are going to enter such a trade for a credit of 3.25, why not just...
I know Phil wants to keep this journal on topic. But he IS the one who keeps talking about feeling a bottom, nailing the bottom, and hitting the...
How will the ES futures PREM decline affect your position as we move toward the Sept futures expiry?
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