Looked at scaling in today. You've gotta be talking about futures, because I was looking at the 1345/1350 for $1.60 Anyway, the VIX is just a petty cash experiment. If we get the drop that I want, I'm hoping to be able to sell the front month for the same as I bought the FEB calls. From what I've seen, they aren't too risky to hold. OTOH, I would never tie up money like this for that long if it were a significant amount.
Yeah, couldn't get filled. Not willing to take less than that with the current uncertainty, so I'm just waiting.
i do understand your rationale for ctm spreads...but....when was the last time you had to "roll" or manage the position and what exactly did you do(if you remember)? also, are all future option spreads legged in on ib? thanks
Well, it looks like we might have skinned the cat on our trades until the $SET get's all funky on us. It would have to be above a 14pt set to really hurt. Good luck to all! On another note, cache what are your current positions?
Yep, globex doesnt accept combo's so i have to leg in. Last time i adjusted was august '05. Doubled down vegas style. It's an expiration probability bet, nothing more. I write off the margin at risk when i place the trade and let it rip. It's traded small 3-5% of portfolio.
For this journal I don't have any positions right now. I would've liked to open some 1345/1350 bear calls today, but I couldn't get the $1.60 that I wanted and I was working from a bad computer. I can't leg in from this comp. So I will try to see what I can get tomorrow. Also got my eye on AMD, PAAS, JNJ, GS, and a couple home builders.