As everyone expects, FED will do nothing and issue some tame language going forward. Expect a downward knee-jerk reaction just because bears are restless and then a push back higher in the 3:30PM to 4:00 closing stretch. Of course I would not bet on this happening but I am feeling like it will be not much of an event really.
Sure. My position is: -30 ES NOV 1350 puts +30 ES DEC 1350 puts +3 ES DEC futures Delta is +70 Gamma is -2.36 Theta is +122 Vega is +2,272
Just a note. The futures are left overs from the synthetic straddles I enetered about 2 weeks ago at 1372. The whole thing would probably shitft down if I entered the trade today.
Coach, So I have been kinda blanking when you are talking about these fly's, since I don't think you can do them in a retail margin account. So my question is: Which strategies, other than credit spreads or double diagonals, have you mentioned that are reasonable to do without haircut margin? Thanks for the help, since some of us just will not be able to use haircut margin anytime soon! burr.