Calendar Spreads

Update: went thru my stop, closed spread at 95 for a loss of 15. I have an SP put diagonal, and this trade was a hedge against a continued move upward so it worked out well.

 

Explain your thoughts on this. I've read an awful lot on gold basing here.

 

THATS why the MM's were so nice but as you said it was a hedge so all's well

 

9/11
so much for credit spreads trying to help ease the pain of loss in the call calendar spread.

My 1st credit spread netted $1.85 but the above credit spread I had to close today for a debt of$8.55..so in total my loss on OIH credit spreads is $4.25 X20cts :eek:

and of course the call calendar is sucking air. I think over-all this trade may give me a personal best at a losing trade I still have the original calendar limping along so the final tally isn't in.

 

9/11 finally did roll theXLE DEC/SEP 55put cal to OCT but only got .80 for it as delta trumped theta. net debt reduced to .25. I think all of us that did the XLE will be happy with two more rolls left.

 

BTC my GS rev cal for $2.2 spread/ that's $0.4 profit per lot. less than expected, but still, a small profit is better than a small loss...
hope u will win your long cal as well.

 

I was just about to ask you if you were doing a "happy dance" today nice trade. I'm sure I should not have bet against the "powers that be" but have time on my side to still come out OK

 

STO rev cal on CHAP Oct/Jan 37.5 c for $2 credit. earnings out in 6 days.

 

Dang. I thought sure you would have rolled last week. I think you could have gotten $1 or maybe $1.05 at one point.

 

I thought I might be able to get 1$ last Fri but just didn't push it...oh well...thems the breaks glad you had a nice fill tho...