I don't see why anyone would sell call right now. That's why some people get little return or lose money compare to others using TA and indicators. I can understand credit spread calls or buyng calls for potential Call Spreads. JMHO
I legged in for 2 days to completed my DD trade Jun/Jul 1265/1290 1300/1325 for total credit of $4.20. If the index stays range bound for one or two more weeks, I could make quite a bit from Theta. I'm experimenting with ATM sell. Here is the total Greeks on this position Delta 1.76, gamma -.62, Theta 20.73, Vega 97.37. If the index does not move much, I make $20 a day -Nick
Piccon I entered the 1st trade on Thurs when the market tanked and am thankful for a generous credit,the other was yesterday @ the top of an intraday high. Iam unsure of any higher entries and that is why I am building in small amounts, I have a ways to go before iI have a full position Thank you
Expecting tomorrow's CPI to be over 0.2%... SPX goes lower... although I wonder how much lower NAS can really go?
Yeah, I opened a long call position in QQQQ this morning. I was really surprised to see another down day. OTOH, I don't know that I fully agree on the CPI. After the 0.3% last month, I wouldn't be surprised at all to see it come in at 0.1% accompanied by a 20+ point SPX rally. It will have to be at least 0.3% to cause a down market.
Your lips to the God of channel's ears CPI may be a non event..I think that was why we had so much churning today...no question we CAN go lower:eek: didn't realize MTE and I were going to drag it down with our call's
Boy this is sick...I put on a B-Fly (Paper trade) 1285/1295/1305 April 26 for .55 debt ( At that time I thought we would close lower than 1300 in May)...could close it out today for 2.75! I'm rolling in Paper MONEY I think tho I might start putting on a small directional B-fly sometime during the month and see how it plays out.