Walther, care to explain your reasoning? How it is a losing proposition? Why do you need a $200k account? Why are credit spreads more suitable? I have no interest in attempting to predict price movement or volatility. Neither are possible on a consistent basis in my opinion.
Day 6 January 25, 2006 Fills Bought 1 USH6 113 Put @44 Sold 1 USH6 115 Call @23 Sold 1 USH6 112 Put @26 Open P/L +$250 Closed P/L -$575
No problem, 1/ Try to put on complex strategy and adjust it , write additional legs etc.. You will need a lot of money in your account otherwise you will be trading not what is the best but only what you have enough margin for it. 2/ If you really mean it, you better quit trading right now.
This looks to have a bearish bias at first glance--Are you banking on selling the 113 put for intrinsic value at expiry and thus the market doesn't need to move?
Walther, I'll take that under advisement. Thanks, NoMoney Sorry I should have been clarified: I bought the 113 put back to close at a loss. Current Positions: Short 1 USH6 116 Call Short 1 USH6 115 Call Short 1 USH6 112 Put
Day 7 January 26th, 2006 Fills Bought 1 USH6 116 Call @6 (to close) Bought 1 USH6 112 Put @42 (to close) Open P/L +$156 Closed P/L -$513