Jan 1455 calls aren't available in ToS, how did you get the graph? Did the software plug in a theo price? I do like the position though.
Calculated this am with Optionvue's Theo price. We'll see in half an hour if it's possible. Good luck with yours - if you get a volty increase, do you plan to offset, or hedge vega, or something else?
Coach and others, I think you can use ToS for a good estimation of your risk profile, but it won't be able to give you the exact graph. Because the vol skew, 1. Assuming ATM vol doesn't change, and if price goes up, the otm call vol and otm put vol will both increase in value. 2. If pirce goes down, both your call vol and put vol will decrease in value. However since vix will increase, and so it will increase the vol for all options. The net effect is not known until we have a model Any comments? Any suggestion for simple method to model or adjust the vol?
Coach: You still have OptionVue don't you. How does the chart change when you model this in OptionVue?
With OptionVue I can enter the exact price for each leg where I believe I will get filled so it feels more realistic. I am sure the general chart shape will be the same, it just maybe off a bit due to pricing. I will enter it in and see how it looks and post a pic.