Ok but what about the fact that the stock doesn't have extrinsic value at all, so if the price drops $2, the long call will not lose $2, and the short put will not lose $2....ohhhhhhhhhhhhhhhhhhhhhhhhhhhhh...wait...processing....the long call will lose <$2 because of extrinsic value, and the short put will lose <$2 because of extrinsic value...so they will be equal...and the stock will lose $2....
My last, ever. The difference between the call and the put (marked to the fwd) is mark - intrinsic. I can't block you so I am just going to stop replying to your gibberish.
I guess they say a picture is worth a thousand words...but I will just mention that I was in the position a few days even before I posted the first chart.
So I had a break even of 19.75 so if I sold this morning I would have taken a loss of 19.75-18.47=$1920 Instead I sold a call for AUG30 CALL for .93 and received $1395 bringing my break even down to $1880 If the .38 level holds then into a triangle...otherwise triangle will likely form at the next level .50 or .618
OK well yesterday expecting this to triangle, I sold an AUG30 18 call @.95 so I am up $706.22. I was busy binge posting so I forgot that maybe I should have taken my profits...but I kind of want MAX profits. THIS is why I prefer selling options. If price retraces back up to 18.30 level I'm still up $413...if price stays flat another day I make $1058.31. For all the TA folks out there who claim 20/20 is hindsight, I hope you see that I am drawing in triangles BEFORE they form...anybody can draw them after and play break outs.
That was an easy $380! I knew price was going to retrace back up to the top of the triangle, so wanted to make some money with AUG30 17.50 CALLS. I still have my short AUG30 18 CALLS open letting the theta kick in. I probably left $200 on the table because I wasn't watching it. I don't use the phone apps so no alerts...but should have put a limit order nearer the top. It's worth mentioning that I've been making money off this triangle that most punters haven't even drawn in yet.
Well I played that perfectly. I was expecting price to bounce yesterday so I bought some calls and closed for a profit. I then waited for price to come back down to close my short calls for a profit...both trades combined pnl = $950. That would not have been attainable had I just held the short calls to expiry, as price is looking to finish itm...currently .30. I purchased the short calls @.69, so I would need price to finish @ 16.55 at expiry to profit $950...we'll see how it plays out. Currently the position would be worth $630