Discussion in 'Options' started by diaoptions, Jul 22, 2012.
Risked $295 to make $5. Sweet.
so based on your criticism .. you have some wonderfully better trade on?
Have been short bulk 2013 for more than one year.
Sold Aug 575p $15 vs 578.80 today. Covered 2/3rds via straddle @ 26.55-27.00 Will ride the balance.
I lost 70-80 dollars on spreads cumulatively. The credit spread I bought back at a profit and the butterfly was a wash.. I trade two accounts.. not a big deal both average to a good risk reward. Sometimes you lose..
That's not clear. Short premium? Short as far as direction? Your long a straddle covering your short put? I haven't figured out how to play earnings. So I keep my bets really small and limit my risk
Not clear to me. Sorry not trying to be a d6ick
Homeboys 580-600-620 fly is about to go in the money
AAPL @ 579.23
Yes, 2013 is short premium, bias long delta and short put skew. This requires significant capital. The Aug trade was a synthetic straddle closed out by an actual straddle. Leaves one in a reversal.
Not bad not bad!
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