Went ahead and closed out the complete position as it is basically at a scratch currently, my position has become almost entirely dependent on...
Out of 1 calendar at 4.70, holding the remaining one w/ the hedge.
In what will likely prove to be either a very smart move or a very dumb one, I added another 1-lot at 4.00. Edit: watching the index collapse...
Long the AAPL Sep6 470/495/520 iron fly from 8.81 risk (16.19 credit). I think the chart looks like ripe for a small correction, and the currently...
In the GLD Aug30 126/132/138 iron fly from 2.72 risk (3.28 credit). [img] "You will find rest from vanities if you go about every act in...
Long the SPX Aug23/Aug30 1665 call calendar from 4.70. [img] "Concentrate all your thoughts on the task at hand. The sun's rays do not burn...
It might be due to changes in the implied volatility of your long calls. As being long an option you are long vega, you will be helped if IV...
Out for a scratch. I expected a significant move downward, which has not materialized in the timeframe I expected. When I put on a purely...
Long the ES Aug23 1660/1630 put spread from 11.75. [img] "I firmly believe that any man's finest hour, the greatest fulfillment of all that...
Thanks for the outstanding thread NoDoji! I have been chopped up on far too many occasions; now I'm starting to understand why.
Changed my mind; out of the remaining 1-lot at 38.00. Vola dropped so much this morning that the fly was up 2.00 despite ES moving against me and...
Thanks!
Scaled out of half the position (1-lot) at 36.50. I lightened up as I think I put the position on a little too large yesterday relative to my...
Long the ES Aug30 2/3/1 1600/1640/1720 put fly from 36.00 risk, 2-lot. [img]
I plan for this to primarily be a discretionary volatility trading journal, although I may make straight delta bets occasionally. I expect my...
I would venture that you also should not have to pay the full bid-ask spread unless the options are very illiquid. On very liquid high-priced...
Solution enclosed. Make sure you're only doing the summation for the first term, then adding it to the second term at the end.
Absolutely! Thanks, Maverick. That is by far the best explanation I have ever heard of the risks in a short calendar. Unlimited, indeed...
Thank you for the explanation and sharing your experience. One question though: my impression was that, so long as the underlying is the same and...
Time to admit I was wrong (at least for now); out at 98.75. My real trade lost a small amount as I began at 99.2 and had taken partial profits at...
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