i would probably be entering here but i am already net bullish when i consider my other positions and taking a beating the past 2 days, so i dont want to add yet another position to that mix. A lil bounce in tech will help me rebalance and then take it from there. i am liking the 1240/1245 at $1 here. Cache, i am glad sox is holding up today or i might've gone skydiving today LOL
Hehe, 29%+ YTD not too shabby. Was a bit on the 1280 SPX bull put position, would rather have had that expanding gamma working for me rather than against me. Still, good job on getting out flat on the spread. Looks like cnms has moved in! Have we confirmed the bottom here ES 1274? Any arb buy/sell programs in next hour could shake things up! MoMoney.
Ya, when I closed mine out today alond with my 1280's, I only got .50....seems like if should be much closer to .8 or .9 by now. So what are you doing now with your 1275's? Seems like your hedge is covering about 50% of current losses
Yeah, I was thinking the same thing a few days after I opened the position. I think we all knew that regardless of direction the move would be big. I shouldn't have added a -gamma position. Came out of it smelling like a rose, but I can't expect to do that all the time. In retrospect it was a mistake that I'll try to avoid in the future.