Recent content by Adam66639

Trading slightly bullish IC on NFLX. Risk defined, high IV trade. Typically trade these range bound, risk defined condors about 40 days from expiration. These are not strictly based on price of he underlying. The strike prices that I sold at produce a very wide spread, and there is a high...

My apologies for continuing to say $3 per contract (it's $1.50 per option contract, so $3 for the spread). And, yes, the buy-back of the short would still cost me (so my trading platform is suggesting). I will be calling them tomorrow to clear this up. Again, thank you to Superstar2317 for...

I appreciate you sending the link. I trade on the thinkorswim platform using TDAmeritrade as the broker. Unfortunately, they are still charging me $3 a contract to close out of a worthless vertical put spread (buy back that is; I sold to open). The website suggests that should not be the case...

Simply not true. Any trade with TDAmeritrade will cost you $3 a contract, that's a fact.

Thanks, but I’m not worried. I am simply trying to get perspective on the trade, and understand the consequences (good or bad).

Sell to open: +4 - 150/-4 - 155 NFLX Vertical Put Spread +4 - 205/-4 - 200 NFLX Vertical Call Spread IC open trade price: $1.40 Buy to close: -4 - 205/+4 - 200 NFLX Vertical Call Spread Trade Price: $1.25 * Took on an additional $600 in Buying Power effect Left to expire: +4 - 150/-4 -...

To close an open IC position there is $0 buying power effect (taking off risk). To open the IC, of course there is buying power effect.

Recently sold my Vertical Call Spread side of my NFLX Iron Condor position. This was the tested side, waited until after earning and got lucky that the underlying came back just enough to by back the Vertical Call Spread for slightly less than I sold it to open. Legging out like this did cost...