Expired just OTM. Took a lot of heat on it throughout the afternoon, then was nearly at a double at five minutes before the close. I thought for...
It's a fair point. I did the vertical because I don't anticipate us moving much beyond 1620 (if we get that far) and it reduced the cost of the...
Long the Aug30 ES 1630/1620 put spread from 2.55. It's moved against me quite a bit since I put it on but I will be holding it until the close....
Great to have you on the journal Pinkman, and thanks for the kind words! This is both a directional and a volatility play, with limited risk. All...
Well, Atticus is obviously the originator of and authority on PFs, but I believe that a PF put on today would be quite a bit farther down (just...
Long the ES 13Sep 1580/1615/1685 2/3/1 iron fly from 26.25 risk (43.75 credit). I expect that we will see another leg down in ES by early to...
Just to throw it out there and not trying to state the obvious, but for those not as familiar with options, short ES + long ES call = long ES put....
Subscribed, good luck!
I would suggest also to delve into some options books to better understand how they are valued and the different types of trades available....
I remember your thread about this back in June...the position will only be profitable at expiration if the market drops 50% between now and March,...
Out at 69.25 credit, for a 2.4% return on risk after commissions. I had planned to hold this a lot longer, but the market dropped hard right after...
In the ES 13Sep 1610/1650/1710 352 iron from 49.00 risk (71.00 credit). [img] Sic transit gloria mundi.
Tough game you're playing...I've tried to do this myself occasionally but without much net success. Subscribed, and good luck!
Fascinating stuff Wingz. Thank you for being so open to sharing your journey and the thinking and materials that have influenced you with others....
Out at 3.17 credit, for about a scratch after commissions. Gold hit a new two-month high this morning and may be breaking out; I wasn't going to...
Your trade results were not as expected because you purchased OTM calls. As Maverick pointed out, if the stock rallies the implied volatility of...
I switched to IB last month and had the exact same problem on my 64-bit Win7 system. Turns out that it was a glitch in the TWS version (I figured...
I personally would definitely go for the DITM call over the risk reversal. The risk reversal would give up the limited loss aspect that made you...
One possibility is to buy DITM calls, with a delta close to one. They are a lot cheaper than stock and their exposure to the other greeks will be...
Out at 15.75 credit for a 4% return on risk after commissions. The stock dropped significantly as I had expected, and I tried to close the spread...
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