Haha. So why did you want to meet me for drinks there? You said something about not telling your wife about your double life? I told you then and I'll tell you now, I will not go there with you! You are on your own bro.
Funny thing is that my partial hedges for DEC which I closed made almost as much money as my spread positions and are the main reason I have a profit for DEC lol: Roll Loss: ($33,000) New Puts at 1220 $12,000 1285/1290 Call Spread profits: $8,000 Banked Profits (1140 puts) $ 6,000 SPX Partial hedge profits: $2,450 SPY Partial hedge profits: $9,000 Net DEC Credit Should All Remain the Same: $4,450.
I know, I was thinking of you when I wrote that LOL...but didn't name you in case I got my head bitten off. Btw, good job. Momoney.
Yeah, Dr. Z. Maverick was a cocktail waitress at Manhole before he began trading. Made good tips from what he tells us.
That is the main reason I add the partial hedges. They are not perfect hedges against my spreads but provide income in an adverse move that helps offset the cost of adjusting and allows me to either still have a net credit, or at worst take a small limited loss which is what I am willing to take if the market surges against me. What made it easier in this position is that I rolled the partial hedges into free trades so I gained back the cost of them plus the profits. I was very happy to eventually take off those call spreads and keep my head above the waterline. I stil project the SPX out to 1340 within 2 months time so I will be leaning on the put side for JAN and FEB....
Actually, it's where I use to hook up with Arb's wife. She wanted to go somewhere where we couldn't be caught. Well sure enough, good old arb walks in there one night with one of his sweaty, oily, bodybuilding buddies and he was pissed. I've never seen arb that mad before. Needless to say, the next thing I know, he and his wife are packing up everything they own and they moved to Tahoe. Kind of sucks. Oh well, I'm sure she'll find an excuse to come back here for a weekend.
Anyone have thoughts on IWM (the RUT) for January. I'm rolling a double diagonal. Not sure if I want to roll to short the 66Put. I show all other indices on breakouts, but RUT ready to roll over. Not sure I trust my system in light of the other indices. Any suggestions, comments, ... Coach??
...think you misinterpreted my question -- I was asking if the rally today was driven by buyers coming in with optimism or short covering...
Well buying straddle doesn't seem to be worth it..even the strangle 70/75 is almost 7 bucks...phil don't bother