Atticus, I'm not "admonishing" the Greeks, many people find them useful tools. I don't, but that's just me. TV does not refer to "thoretical"...
Hi Traderlux, The out weekly strikes are now the quarterly options. Good luck, Josh Good trading to all
Well Atticus, besides using intemperate language, you are now engaged in an ad hominem attack on my intellect. If your reference to theta wasn't...
Yes Atticus, that's what I thought about your post, but I was too much of a gentleman to elucidate that analysis. Good trading to you, Josh
Hey Atticus, we're talking about a one week strategy here. An OTM strangle, as far away from the current index level as this one is, has a very...
Interesting comments to my initial post. FWIW, here are a few observations. In my exoerience, using the 'Greeks' to predict future movements is,...
Hi Galvin, What do say that we take a look at the positions next Friday and see how the spreads turn out before jumping to a conclusion? Fair...
Like the old Rolling Stones song, in SPX calendars time truly is on your side. A client of mine suggested a strategy that seems to work very well...
Hi Lowvol, Thanks for your comment. That's an interesting observation, for you're correct, over time virtually all of the net gain in the S & P...
Hi folks, For those who have been following the progress of the long term GLD strategy I've been using, this is an update. When GLD hit 140...
Hi JJacks and Howard, Thanks for your postings. First, in replying to JJacks, please note that I have never stated, or even implied, that this...
Hi folks, For those who have been following the progress of the long term GLD strategy I've been using, this is an update. I'm currently in a...
Hi Stanford, Just read up the thread on page 11. We had a 1280/1285 bull put spread in the Feb contracts, for a 2.30 credit. Josh
Hi Folks, Well, the bullish put vertical spread strategy clicked again in the February contracts. That marked the 77th winning month out of the...
Hi Howard, OOOPS. Yes I meant February for the new spread. Just senility setting in I guess. Thanks for noticing.
Hi Folks, Well, the bullish put vertical spread strategy clicked again in the January contracts. That marked the 76th winning month out of the...
This is an update for those who have followed the progress of the diagonal spread strategy I first posted in December. I initiated the strategy...
You've got it traderlux. My philosophy is that whenever you can roll to a better position for a credit, you're doing something right. lol Josh
Hi donnap, No, you have to look at earlier posts. Initially, I entered a Feb/Jan diagonal, buying the 134 and selling the 135 for a debit of...
cdowis, et al. Below are the recommendations and executions for the roll-up I mentioned in my previous post. Trading Recommendations - Sell...
Separate names with a comma.