if it doesn't bust that lower support it looks like a good trade going up.. i'd say call calender.. call ratio backspread it.. or just as you say debit spread it.. i'm looking for a stock with a decent amount of premium to call calender overwrite.. itm leaps against front month otm over write
I picked it years ago, on the yahoo message board, just to annoy some poster with an inferiority complex Iused to banter with. Then I found out he was posting at ET as well. So when I first came here years ago, so I decided to use it here too..... just to annoy him. Regretably, he has not posted in the past several months. I suspect he went broke, as he was always very upset that I shared my trades in real time, and that 99% of them were successful. Although, I got spanked pretty good back in 2007 or 2008, if I recall. He just could not accept the fact that i was able to manage my risk better than he could. So he went after me with personal attacks of various kinds. Including posting my real name and address. So i just kept the name "master" to annoy him and inflame his inferiority complex. Going out, Read you later.
well turns out.. my account is now locked.. a opening a butterfly and closing a butterfly in the same day is not possible to do without putting your account into daytrading status.... every leg you open and simultaneously close in one day is a round trip day trade. putting my call condor into a 4 trade round trip in one day... meaning i'm locked out for 95 days and i'm screwed.. i've already reset the account once.. and in order to trade now i'll have to go to another brokerage firm.. i'm so pissed..
Sorry to hear that. Guess I'll have to recalculate that 2,400 % annualized return. I suggest you give it 3 days, and then see if you are still locked out.