Recent content by jplatsky

Well, Coach, the way I see it is you purchased the call spread for 18.20, the current mid price is 7.60 and the maximum you can earn is 10. Is that not correct? I believe the error in your math is that you continue to say you booked profits. IMHO you cannot book any profits since you are...

In the interest of those following the journal, a closer look at the GOOG adjustment made by the Coach might be beneficial for those who would consider using it in the future. The 400 straddle was sold for 53.60. The put side was closed for 10.10. So the risk on the downside is now...

That make a lot of sense. Thanks Coach, and thanks for the journal, the information being posted here is great!!! Jack

Maverick, hope you are still around. The lesson you gave on haircuts was very helpful. If I understand right everyone in a prop shop is sharing each others risk. Is that correct? If so, does that mean everyone in the shop needs to agree on what positions are going to be entered into? Or do you...

gator, sorry but I cannot find any confirmation on the RedOption site to your statement of a 2.4% management fee for any advisory service, including the mini basket, when autotrading. Are you sure that statement is true? Best wishes for the New Year, jack

Sorry, dropped the one, yes I requested the SPX 1305, ... etc.

Rdemyan, you can request option strikes to be opened by calling 888OPTIONS, the Options Industry Council. I called and asked for the SPX 305,310,315 and 320 Sep strikes be opened. They put the request through and said to check tomorrow and see what the MMs were willing to open.