Discussion in 'Journals' started by Sweet Bobby, May 18, 2016.
And lose on the equity value too.
Bobby, any reason why you stopped updating your spreadsheet?
Alot of people are too proud...to post failure stories
They only want to show off the positive of themselves.
It's not a failure story. But his followers are probably more interested in how this strategy does when it's not working vs coming on here during the theta bleed and talking about the small decay he is earning every day. I won't call him a failure. I just want him to be consistent.
My apologies, Maverick. The worksheet has now been updated.
And the asshole of the day award goes to . . .
Three trades today.
Here's a look at the Greeks:
Since I can't enter a OCO order to close my ES positions at 2x the credit received, I have added yet another column to my spreadsheet to help me keep an eye on those positions. I never had this trouble with SPY and SPX. I still have several "problem children" but I have some time on my hands.
Why can't you do this? You should totally be able to submit an order to do that.
On my SPX and SPY I set up two closing orders simultaneously. One to take profits at 50% and the other to close at 2x loss, with one order cancelling the other. TD told me that I can't do a stop limit order on ES options. If you can tell me how to do it, I would greatly appreciate it.
The put skew is there for a reason, think about this the 87 crash completely changed how options are priced, that's a pretty big deal. There is a paper somewhere that talks about the crash in sigma's some insane number, don't have time to find the paper. On a crash with defined risk you eat the max loss and move on, with naked options you are f&*ked.
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