The trader can always get out of the whole position if the future hit 27.5 between now and expiration and come out ahead.
It's one thing if you can stomach the loss or getting hit for 100 grand isn't a big thing. But I won't beat a dead horse on what previous posters have already said. As far as holding on and getting out, consider another scenario. April 23, 2004. Your short OSIP May 45 calls. Then it's May 04 expiry. Go pull up a chart, you have no exits. My example says all.
bbwwhhhaaaahhaaaaa have you EVER read what this guy has posted?? shit man, if i could have 1/4 of his ability/capability/knoweledge i would be rich.. learn from those who know.. discount the rest.. thats the first step towards progress.
CYOF, BULLDOZER and ATEHT return! The trade is by a member from elite34 SH!TE club. Its a typical SHORT NAKED on index disguised as a call ratio spread.
Miss D. How much is the margin on that insane naked trade? Are you aware that VIX Options are priced at $100 per point and NOT $10
A question to all members that visited this thread:- If your parents had FIVE children and they named them DELTA, THETA, DOW, DAX. WHAT DID THEY NAME THE FITH ONE? PLEASE SEND YOUR ANSWERS BY PM ONLY! Regards Booster
Hi BJ. Theres NO reward without hard work, sweat or tears. NO risk = NO reward. NO position = NO risk and NO reward. Booster