Recent content by mango23

wow. This is an OOM above what I've seen. Gonna work through on paper a few times. And do we care about Dates and thetas?

OK - gonna have to read up on synthetics +++ clear that once short in crossed spreads the risks can get ugly was thinking: practice first with long only volatility plays (guts / straddle / strangle)

yep - am on it....

@destriero, am new but thought the discount was either "less time value" or market makers balancing books?

Thanks guys. Am learning a lot. Found support for the getting money back => possibly a better risk:reward if you can afford it? (Stock ticker "nifty" - so this is just theory) https://www.theoptioncourse.com/how-to-trade-long-guts/

@destriero - Ok good to have a plan to roll on down... @old coot - get it.... yr example very close to the money. Any use in going further in? Less time value or something?

when would you want to use ITM options to create a Long Gut instead of a cheaper regular Strangle using OTM calls/puts?