Coach, Anything new happening in the world of PROP margin? I would love the hear what direction and where your thoughts have been lately? Thanks
Coach, any specific defense strategy if market drops down ? (Not asking for details, but general idea). I am asking this question because I was doing far OTMs some time ago.
No defense strategy yet. If I get filled on 1185 or 1175, I still have plenty of support points and a cushion. I would not start getting worried unless the market get below 1230 or so...
Has anyone been to a John F. Summa, OptionsNerd.com, seminar? He is presenting in Chicago... and most of his day long seminar is about credit spreads using the S&P500, futures on the S&P500, options on the S&P500 futures, along with other credit strategies involving a combination of these trading vehicles. A complete agenda list of his topics, which I find interesting, are available at this address: http://www.optionsnerd.com/OptionsNerdSemOutline.htm Some of the topics sound very interesting and unique. He will also be also covering hedges, risk managment, Combo diagonals involving VEGA, THETA, and DELTA. Coach... this may be of interest, just as a comparison and/or sharing of ideas. Anyone been to his seminar before? Murray
I pick you to go and report back to us! Sounds interesting and always interested in hearing someone give their perspective on the same strategy. Afterall, my way is not a right or wrong way, just ONE way to do this. P.S. will keep you updated on prop progress. I will be switching over in a few weeks and will hopefully add some ES option spreads as well.