Sorry I haven't checked in lately... Thanks for all the wonderful posts!
Does anybody write a reverse calendar spread into earnings? I'm thinking the implied volatility will drop, but any details would be appreciated.
Actually, sometimes I wonder if I should take gains on a spike, or if I should hold and squeeze every penny until expiration. So far, I've squeezed every penny. I welcome any decision criteria on this.
Thanks for all the great replies! I wish I had time to reply to each post, but I'm looking for a new spread. I must say, y'all are way nicer than most forums... A newb like me would probably be trolled out of another forum by now.
I'm getting a huge psychological takeaway from the thread and...
"Options as a Strategic Investment" is a great book because it explains tactics and strategies without math proofs or calculus. If you're up on your math skills I highly recommend Euan Sinclair's "Volatility Trading."
I went live a couple of months ago, and I'm hoping to continue developing my game. I'm at the point where I need to talk with my peers to grow and learn new ideas, which is why I'm here. I'll tell everybody where I'm at, and hopefully the novices will benefit, and the OGs will pitch-in an...