Recent content by barney-

Haven't had time to call the "Active Trader Team" yet because trading isn't my day job (so unfortunate). However when I pushed the girl in some call center in Dallas on Monday she basically went back to her script, over and over and over. Completely useless. What is hysterical is I bet...

Well in that scenario I would be selling the spread (short the NTM long the OTM) So in that scenario a 10 contract spread with a strike spread of $5 would be a margin req of $5,000 -- since that is the max loss if it blows past the short and the long.

Right that is the issue. Because if you close a spread the SAME day you open it, it doesn't recognize or calculate the margin requirement even though you have the other side of the spread to cap loses. So they look at your short contracts and require you to hold or post 15% (I think) of the...

Well, ironically the day trade call was $153k and my trading account is considerably more than that. I also used to be flagged as a day trader but that flag wore off and thus I didn't have to satisfy the day trade call. It doesn't really protect you, it hurts you

Bumpity bump bump... 170 views and no thoughts!?

So my broker (Fidelity .. I know .. I know) has to play by the SEC/FINRA rules like anyone else and recently called to remind me of something that I find quite frustrating so maybe some veterans can explain the logic.... So if I open a 10 contract PCLN short vertical spread (lets say last...

Relative IV vs. HV or other strikes in the chain is one way to describe if a contract is "pricey" or not, regardless of long/short.

Right, because I explicitly said this "would have" been.

I mean... who would go short a straddle on an earnings/sales date with IV so high? I am sorry. I made assumptions we would be logical and pragmatic. I will be more precise, and unfortunately more verbose, in the future.

Going long $37 ATM straddle. See OP

Well when I was looking at the trade was Monday (see January 13th OP above). I just checked Fidelity's site.. at EOD Janunary 13th the... $37 ATM P - $1.42 $37 ATM C - $1.34 Thus: $1.42 + $1.34 = $2.76 $2.76 / $37 = ~7.5% move. We had to see it coming, the IV was through the...

Well that would've worked out well

Thanks Richard, I agree. I went in on two Weekly Spreads yesterday. Got 5:1 R/R on a PCLN spreads for this Friday expiry and a GOOG one for 5:1 (now) as i've lopped on a call spread to complete my IC. I closed out my call side to PCLN about an hour ago for a 0.05 Mid. took one side...

The ATM $37 straddle for this Friday's expiry is ~7.5%. - Sales release Thursday the 16th. - Down 2.68% today so far. - IV30: 45% - HV30: 30% -ATM IV for $37 Put & Call: ~88% Thoughts?