How do you calculate the hedging power on the VIX calls? I'm sure you already know this, but they are not based on the value of the spot VIX. They...
Come on, you have to give me a little more credit than that. It was placed for $5.50, a 3:1 risk/reward at expiration. I should be able to keep it...
Don't want to appear defensive, as I appreciate your comments, but the vertical is 15 wide and there's also the embedded calendar on the put...
Sure vega won't offset gamma, but my thinking is that just a 5% increase on volatility puts my break even at 1184 today and at 1195 at expiration....
Haha, not exactly a huge rally but enough to put my position at a 16% loss. I still think that will be lower than 1335 on the december contract by...
Interesting, and something I had not really considered. The spread will probably be huge because of the high vol and deep ITM status. What's...
Makes sense, you want it to turn first instead of trying to call the top. My experience so far is that they have a bigger reaction to a volatility...
Did you mean overbought point? I think they are a better play when you expect volatility to increase.
Closed my ES SEP 1250/1260 bull put spread for -0.20 debit for a 0.8 profit. Opened a ES OCT/NOV 1220/1235 put diagonal for -2.7 debit My...
oh no ! then it will trade above 1310 or below 1290, but definetly won't stay in that range :D
I closed my SEP/OCT 1255/1265 and SEP/OCT 1240/1250 ES diagonals today for +60% and +24%, respectively. This leaves me with OCT 1335/1350 bear...
Yes, as I said you have to leg in. You can place spread orders on GLOBEX but I've never received a fill even when a better price would be...
I don't trade the SPX anymore for that reason and because of better margins, but most importantly because the execution is a lot better. On the...
Future options use SPAN margin. Without software, there is no easy way to calculate the margin requirement as it takes into account your complete...
I closed the call side on my sep IC this morning for 0.20 and sold the OCT 1335/1350 bear call spread for 5.5 With the increase in volatility...
I have the ES SEP 1265/OCT 1255 and the SEP 1250/OCT 1240. They are both a little bit underwater. But I still think that the main reason why I put...
I don't think it is bad when your short strike is hit in a put diagonal. Look for example at the SEP 1310/OCT 1300. You can convert it to:...
Has anyone ever received a fill on an option spread on GLOBEX? I gave up trying a long time ago and always leg in, but I wonder if this is a...
Consider the following: The net overnight maintenance margin (accounting for credit received) for the naked position is 2,234 and will go up to...
You need to figure out what your deltas are going to be at 132. They change with the passage of time and movement of the underlying, but you know...
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