ElectricSavant is absolutely correct. Your broker will send it to you and also to the government. Your records should agree with your brokers....
Did you get the situation resolved? I have been having issues with their margin system since they do not correctly calculate spread margins...
If you set it up simultaneously, there is no margin requirement, besides paying for the option spread itself. If you do the far month option first...
More advice... beware of delta neutral, it's a nice academic concept, but in the real world vega will eat you for breakfast.
Hey Steve, Your comment about multilayered broken wing butterflies really resonates with me. What percentage of the population even knows what...
It worked just fine for me. There are other ones out there, too. Just search for technical indicators in excel on google.
Here's how to do it: Check out this document which explains how to do a whole host of technical indicators, including RSI, Bollinger bands, MACD,...
Eastern Europe and Russia= 1000 years of bad government.
Hi Victor--- In response to your question, I would say a couple of things. Writing call spreads to earn $0.20 means that you are not looking to...
Giving a strategy a fancy name does not mean that you will make a profit if you use it. Every strategy has a downside to it. The Jade Lizard, as...
Welcome to the world of trading. Let me offer you some clear advice. First, in order to trade effectively some capital is useful! Starting with...
osho67, check out the volume and open interest on these options. I'll bet they are not widely traded which means that you are paying an even...
Nixodian, I have traded many IC and modified IC trades over the years and may be able to offer some advice. First, however, I need to know...
taowave, I see earlier in this thread you bought a BWB (broken wing butterfly for those who are not options traders). +1 450 -3 350 +2 250...
cd, you are on the right track, and especially for the call side. It is definitely worth exploring. Wings can be very cheap, and provide...
rocky racoon, thanks for explaining the double calendar and diagonal so clearly. (By the way, all the "named strategies" are found easily on the...
Put master, I agree with you generally, and the reason I started this whole exercise, is to demonstrate the risks involved. I don't think that...
Update for Sept 12 SPX moved up modestly +3 to 1437 Put position 1380-1355 spread.. $1.22*700= $854 short delta= 9 Call position...
Today's update--- SPX up 4, fairly quiet day overall Put position-- 1380-1355 value 1.37*700= $959, short delta=12 Call position--1470-1495...
Update time again... Moderate down day SPX -9 Put spread: 1380-1355 1.63 against us (*700) for a value of $1141 short put 14 delta...
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