I assume thats a call spread Crucis...I hope its a debt spread :eek: we have a way's to go guys the market could just melt up from here....
earlier today I did get filled on some of my calls...short 1320(1340long) but held back on putting them all on...I haven't a clue where the market will go the first two weeks of June and don't think anyone else does either
+puts -calls, that's riskarb's bear risk reversal. Any reason why you want to go long an ATM put vs an OTM one?
Couldn't get filled trying to buy back the bull puts. MMs weren't budging at all. No matter. I actually think we are going to start the day positive on Tuesday. That should present a good opportunity.
That's true, it just doesn't have the stank on it that Risk has with the naked shorts. I like the ATM because I'm not entirely convinced that we will get back below 1260. I want the deltas.
Risk, Any instant disadvantages to constructing a version of the R/R by replacing the short calls with a bear call spread? I just want to make sure I haven't missed something.
Rally, I can't see it going passed 1285 or so.... SOX is dead and NAS is comatose... 'course that could change...