mo, it is partly my fault...i should have made it clear that is a xeo 570 short straddle, 560/580 long wings.
Since you have only .75 at risk on a $10 spread, this appears to be worth holding through to expiration. Good entry.
ToS Spread Hacker? Been passing time investigating with TOS's spread hacker. Does anyone have any worthwhile experiences to share using this feature?
STO OIH Sep 120 P BTO OIH Oct 110 P net credit of 0.1 It is probably too early to open any sep diagonal, but I like to have positive theta and positive vega.
Murray, I've used spread hacker on occassion but usually to find comfirmation on a trade I'm interested in. Ex. Thinking of an IC on IBM I look to see if they do IC's on IBM..or if there are good calendar candidates. Like to see if I'm on the same page as they are. My understanding of spread hacker from the seminar's I've attended is that they chose stocks that are liquid then find the good probability trades that may work. If your looking for candidates for a specific strategy I think its as good place as any to start.
Redeye, Thanks for your document. It seems that TOS has very nice features compared to IB. Can you trade futures with TOS? Their commission seems a little high compared to IB.
Hello, checked out your link. how do you find this sites analysis? Accurate? What's you general expereince with it? It looks useful, but don't want to put to much confidence in it, if it's just set up as a marketing site. Thanks
rd....well after tallying up total credits for the month so far I did decide to adjust my short call spread this am. First shortly after opening I did sell 20 1235puts for 4.40 (on fri I bought 20 1220's for 2.85)..then I sold another put vertical 1200/1175 for a .70 credit (25 contracts) neither required any more buying power. Just now I bought a 1295/1305/1315 B-Fly on 1/2 of my short position (25 contracts)...very interestingly I put a limit in of 1.70 debt and got filled within a few minutes for 1.30:eek: I probably am being too cautious but at least I've reduced my concern by half and I have a better balance of puts/calls. edit: part of my reasoning is that I had expected more followthru today and when it didn't happen realized we might be just consolidating for a new move up.
Yeah, I decided to bail out of my August 1300/1315 bear call today, for essentially the same reasons you cite. I plan to place another trade as an "adjustment", but I just didn't do it today. I'm going to wait until after the ISM numbers tomorrow. Also I might even place a bull put.:eek: My goal, however, is not to recover all of the loss, but just to minimize it. So if no opportunity presents itself tomorrow for August, I'll wait until after the fed meeting. It was a stupid mistake to place the trade in the first place, entirely due to greed and out of my comfort zone. That's okay, it reminds me of why I have a plan in the first place [now I just need to stick to it ]
I have to say the nice thing abt the bull put is you can get pretty far OTM and still have some premium. At least for Aug exp I think we should stay above 1250. I had no problem getting the 1200/1175 filled which should be pretty safe at this pt. GL