One way of seeing it is that after OCT expiration, you'll be left with a short calendar plus a long call. You do good with the short calendar...
It's a very complicated and specialized type of cheering*, but you are welcome to attend my 3-hour seminar for a small investment of $2,000....
I'll be happy as long as they don't break 1329 :)
I'm cheering for a SPX close near the lows or at least below yesterday's low. Lately, the pattern has been to bid it up on the last hour.
Yes thanks, I'm keeping a close watch on them. Right now I have them hedged with long futures, which buys me time until gamma starts increasing in...
It is the ISE sentiment index: http://www.iseoptions.com/marketplace/statistics/sentiment_index.asp It's a call/put ratio but only takes into...
Coach, are you planning any adjustments to your call diagonal? I'll wait until the FOMC meeting, but will probably take my medicine on the 1/3 of...
Coach, do you do full size on one side first? I've never done more than 20 contracts but have been thinking about doing half long, half short,...
Looks like is going to work out in your favor :D Was it only IB? Everything seemed to be moving on slow motion, so maybe GLOBEX itself went down.
That would be great. My put diagonals are getting very happy with the increase in volatility. I will wait for a failed run to the upside to remove...
I removed 1/3 of my hedge at 1329.25 to get some negative deltas, but didn't add to the call credit spreads. I'm not convinced that we are going...
I do both, but since I use the same max risk in percentage of portfolio for both, I get better returns on the ATM/CTM. The way I see it is...
I can understand that if the price is far away from the market, but it would be chaos if trades inside the market could be arbitrarily busted.
Wow, that's impressive. Too bad they don't operate in Canada :( . Did they originally take the other side or your trade or did they basically sold...
Yes. I'm comfortable with no directional risk for now. And as long as the VIX is up, I'm laughing. As we move down, I'll become delta negative...
It's incredible the way hedges reverse trends :D
Looks like is going to be a +7 open, so you still may be ok. Good luck !
Well, I finally had to put in my hedge. After the CPI index release this morning, I went long 3 ES DEC futures at 1333 againt my 18 OCT...
Sounds good ! This guy is talking about this same topic today: http://adamsoptions.blogspot.com/
It's difficult to know what will give you a better bang for your buck. I've not found a good way to predict what the price of the VIX options...
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