Thanks Kelly -- Griffin is 27mo and he's counting to 40 and knows the alphabet. The Mumbai meltdown is certainly an eye-opener, but it seems like an isolated event. We're certainly not correlated strongly with their market. Now, if the melee started in Indonesia or Singapore I'd be a lot more concerned. Beyond this 2x barrier and the small RUT trade I have no equity exposure. I hope to see some SPX upside to effect a bear risk reversal or a long bear touch.
SPX exotic is neutral here, which adds $80k to marked PnL on the position. RUT position is up quite a bit as well.
Offset 30 ER2 at 724.50 +44,850 Offset 100 RUT 720p at 13.90 ($33,150) Hedge r/t loss from 10-lot ($3,550) RUT net: +8,150
Always been impressed by your money management. Could you talk a bit more about your thought process as you run through a few more trades?
June 390 combo offset at $31.00 [$30.50 x $31.10] ... wanted to take advantage of the pop from 380 to 383. Goog net: +$17,350 Sure SS, will do. Thanks.
Risk, Obviously your margin requirements are different than mine. In your opinion is a risk-reversal too margin intensive for a retail trader?
I pay retail-req on the listed options, although my brother will be running a broker-dealer this year. Use ES, YM, ER2 and NQ for your reversals to benefit from SPAN.