Market seems to agree with me lol.... too bad i have not gotten filled yet... I had an order to sell 60 1360/1365 OCT Call spreads at $1.10....
Rally: Testing out the CTM side of the force. I have an order for OCT 1360/1365 Call spreads since I do not see much more upside in the...
:) Mav always has my back :D. It is a worthwhile discussion to have. I occasionally take excessive risks and it is part of my nature....
Wellwe have to be realistic here for minute in between all this fun: 1. The monetary amounts are right there in the open if someone cares. I...
uh..... you would not be able to do so in the same situation lol. You forgot I bought back the other spread for a net debit... 8.00 - 6.75 =...
Mushin: I might change it only slightly but my long call is in a later expiration period, it is not a vertical credit spread but a diagonal....
Well yes I wish I had a real example to lay out the prices but I have only been testing it out in general. In the previous spread I noticed...
I think you are putting too much emphasis on the profit discussion of the FLY adjustment I mentioned. I said that if possible I could conver the...
The question is whether it can be purchased for a smaller debit than to close the actual diagonal. It depends on time value premium of course....
I mean if you are short the 1355 Call, you can compare the cost of closing the 1355/1375 spread v. Buying the1350 and 1360 calls to convert short...
You dont convert the spread into a FLY, you conver the short strike into a long fly by buying the wings and selling the long side of the spread....
You misunderstood. The conversion to the FLY when the short is slightly ITM is a way to lock in a much lower loss while still having the...
I think bearer bonds are now illegal in the U.S. In other words new issues cannot be bearer form and only old treasuries issued many many years...
Good point to bring up as I would hope no beginner here ever tries to follow an advanced strategy blindly. I made that speech several times and...
Well that is a different story then saying I lock in a $162K loss if the market is below 1355 at expiration.... My 1340/1360 only went ITM...
If the market is below 1355 in 3 weeks, I do not see how I have locked in loss of that magnitude since the OCT ES options will expire worthless...
DIAGONAL SPREAD UPDATE - ADJUSTMENT Ok I finally have time to write up my adjustment on Friday to my 1340EW/1360ES diagonal. Original...
Problem with regular SPX is the wide spreads. The weeklies have even wider spreads and only have a few strikes each week so not a lot of choices....
I will post at the market close... basically as a teaser I rolled the SEP1340EW/OCT1360ES spread to a OCT1355ES/OCT1375EW for a net credit of...
Yes, try the margin desk since the position is hedged I would assume that even under Reg T. it would not be treated as a separate short and a long...
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