My three recommendations: Options as a Strategic Investment by McMillian- the bible of option trading and will cover all strategies and option...
Added a partial hedge with about 3 weeks left to expiration. Bought 50 JULY SPY 118/117 Bear Put Spreads @ $0.30 Debit = $1,500. Since my...
I think it is a great idea. Not that I mind your comments but I do not want the topic to get pulled of course. Comparisons of different styles...
If the index is 10 to 15 points away from my short strike, it more often than not, took some time to get there so time decay works in conjunction...
Good question. The bid ask spreads are quite wide and it will naturally look like a huge paper loss but you cannot let the emotions drive you...
I actually was able to do a little better than the position suggested by Steve due to the bigger dip in the S&P. I opened the following:...
If I could get filled @ $0.55 I would take it in a second. 50 pts OTM with about 20 days to expiration, including July 4th week. Current bid/ask...
Took some profit on a nice down day from the following: 95 SPX JULY 1260/1270 Call Spreads @ $0.45 Closed for a net credit of $0.30 Net...
Yes but not former, still over there as well. ;) Phil
No no you misunderstand, it is not a question based on me doubting it could be done. It is based on wanting to see the person think through their...
Thanks for the beginner lesson, but my question was how are you going to be delta neutral and long vol and OTM? You said you just started reading...
Please explain how you will be long vol OTM and non-directional. Lot of big words strung together there. Not sure if you fully grasp it. Want...
OTM credit spreads are not really the best way to trade a 2-3 day swing move on the SPX due to the wide bid ask spreads. Any short-term moves on...
Thanks! Basically I focus on days to expiration and try not to touch the next month until we hit 45 or under. As a result I may have a dead...
When I jump in is mainly a timing issue with me. August is still 56 days to expiration and that is too far for me. Also, August does not have...
Not exposed to overnight risk at nearly the same levels? Sorry but the "hedge" you bank on is theoretical only and goes right out the window as...
They both have $10,000 maximum at risk so they both have the same risk. A gap overnight does not change anything. The delta and vega nuetral is...
I am not trying to twist anything, it is what I understood from the statement you made above. I am focusing specifically on the quote you made...
I have to disagree strongly. True risk is measured by how much capital you put at risk. If I buy a straddle that is delta neutral for $1,000,...
Exactlly! That is why I said what I said. No beginner should be day-trading options with $20,000 of capital at risk. Suffering a 25% loss in...
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