lol, okay, I'll stop my quibbling here. When I talk to other traders, I would say I have an (iron) condor or (iron) buttefly position on,...
I use the terms condor and iron condor interchangeably. There's no question about what buying or being long a condor position means - long the...
Don't be too cavalier about selling naked options - use only a very small amount relative to your portfolio if you decide to do so. I'm not...
Indeed possible, even at the volume level of IB's base rate. I have both ToS and IB. I trade mainly with ToS, reserving IB for their analytics....
Instead of buying the stock and selling DITM covered calls, you could just sell OTM puts, which is an equivalent position but superior in terms of...
Nice day for your calendar trades! Yes, the further OTM the calendar, the larger the potential reward. The two trades are quite different...
Is that 25/25 the SPY DEC 85P/SEP 85P spread? When I look at the prices, I see the 25/25 as much cheaper than the 50/40 SPY DEC 75P/SEP 75P...
Your position: +50 SPY DEC 75P -40 SPY SEP 75P The 75 strike price is very far away, over 30% from the current price! I wouldn't add extra...
I've had short options more than a penny ITM at expiration that I didn't get assigned. With the closing price so close to the strike price, I...
Regarding automatic exercise, the value used will be the close of the regular trading session, so it will be 4.01. The value is so close to the...
There are many strategies available in a high vol environment - ways to make cheap bets with lots of potential. As for condors, I think iron...
A trade I like (and did last week), which is similar, is to do a reverse ratio diagonal on the call side. Make sure your long strike is much...
Selling premium on boring WMT has been the most consistent income for me for over a decade.
This is a very unfortunate situation, and IMO ridiculous. Whatever algortihm they have should have more smarts than random liquidations from...
They are synthetically equivalent. Naked Puts require less margin/capital so more leverage is possible.
Cash is cash. That's why cash-secured puts are allowed, as well as covered calls (already put up the capital for the underlying stock)....
How much did the stock move within the 20 minutes? I've legged into these types of trades before. You just can't put this on as a single iron...
Your main risk then is that the stock moves strongly up and hits the 590 strike, the point where you say you will buy the stock. At this point,...
They don't? :)
ATM Butterflies should cost the most. If you want to be neutral in direction, then choose ATM Butterflies. Use higher strike price Butterflies...
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