If you know for certain they will go up, you can get more leverage by doing conversions, i.e.,buy a call and sell a put at the same strike....
If not HTB (hard to borrow) for the life of the option you only lose any dividend. If it goes HTB and there is stock available, your losses are...
I didn't get mine at mid, but I did better than the ask. The real problem is finding one where the stock is not HTB, and not going HTB through the...
Options... it's all Greek to me! :cool: Time to turn this into a pun thread.
It was a mistake. It wouldn't be a problem except UNXL is hard to borrow, and the borrow got worse. Of course, HTB was the only reason I could put...
Your books are really fantastic.
Yeah, definitely learned my lesson. Fwiw, got back about $1.50/share when the borrow came down and closed out 4 contracts. It might actually be...
It's a really great point! The only reason I want to be rich is to stop doing extra work all the time and have more time with family.
VXX calls are a notoriously terrible investment. Just look at the price history.
I offered it as a box, but the spreads were pretty tight at the time. Probably gave up 0.35/share off the mid because I didn't want to face...
Didn't see this the first time. It totally makes sense though. Man, no wonder you never find these with europeans! You know of anyone who ever...
Atticus, really, thanks again. Saving me from myself! As of the close, it looks like I am now down only about $1.75/share at the mid. You sure...
Just saw this. If it ain't gonna get much worse, I'll probably wait on it and hope the price collapses back down. No difference really between...
Thanks man. My idea was actually to go long the synthetic for the $1.60 credit, as my position net delta is -20 (whatever that actually means...
Right. So what on earth do I do? Am I forced to lock in the whole trade at a loss? I am trying to figure out how to limit the downside of...
Thanks atticus. It was hard to borrow initially, but apparently that has blown out like crazy and I didn't realize the risks. The main problem...
Both. Without the bid/offer it is about 2.25 from the borrow.
Word. I know all this, but it certainly helps to be reminded. I guess my question had better be rephrased: I am currently in a position...
I was playing for 0.45 in a month on about $3.75 worth of margin. The strikes were 15/40, and my broker, Optionshouse charges essentially 15%...
Max loss per share was supposed to be 25, i.e. the difference between my strikes of 15/40. Problem is, there is heavy short interest so the PCP...
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