Form empirical analysis seems to always end up at carry this spread - I am not sure how it did not improve with the switch coming in. Surely even vol came in a little which should have helped
He's long Oct/Dec and Dec fell while Oct was basically unch. Sure he wants spot to drop but the switch went against him.
Net Liquidation Value = -264K Euro and Current Excess Liquidity = -453K Euro? How many contracts for a spread that goes against him?
Blew up my account and got liquidated close 70% NLV down - what a mess. Fortunately I still have 30% left, this auto liquidation tool is a disaster.
Calendar Spread on and vol spread widened by 5% + long a 1by2 call spread on TSLA... which triggered the grave digger algo
1x2s have killed more ppl than cancer. If you don't like the fly then roll over until the urge to 1x2 passes. Sorry to hear.