I have found the same thing...since starting with options and doing a lot of spreads last year I've been moving much more into calendars and of course still with the otm spx credit spreads. Calendars give you more adjustment opportunities.
No, but I have held onto an ITM or close to the $ spread longer knowing early exercise wasn't an issue. I'm open to suggestions... Do you think I should try something different or adjust the strategy?
entered a double diagonal today. short aug 1225px1335c strangle; long sep 1160px1370c strangle.for .2 debit.
So Rich I see you're trading the VIX? Sorry I was away for a couple of days I thought you were going to start paper.. But some of those premiums look too good to just watch I guess! Also does anyone know where I can get historical VRO quotes? It states a 52 week high of 111.45... this seems quite odd as the VIX barely got above 20 in that time!?!
hey Prevail thanks for adding to this journal I'll be very interested in following this trade. I assume you did the same number of contracts?
when it looks too good...I ended up just selling the single 15 for 1.30..but its tying up BP so if we have a couple of good down days I may close it if I can get %50 profit. I know TOS is coming out with historical IV's pretty soon..other than that ivolatility? or chartbenders?
edit. that is a really nice looking trade..yesterday with lite volume was a good day to do some spx spreads.