Recent content by PriceJuggler

Yes -- I parsed his comment similarly to you, basically a diagonal spread, where he had the fortune of getting in for a credit and also getting out for a credit, due to the spread flipping in between him entering and exiting. That's great if you can get it to play out that way, but not typical...

Hi all, about a year since my last post. I see there's a bit to catch up on in this thread, seemingly some interesting posts to read in more detail. I've not been trading as actively of late or as at my last post, as I started a new job some time ago, it's been keeping me pretty busy. I'm still...

Well another couple of months and I thought I'd post another update to this thread, just for kicks and giggles. Of course the last few months has been "interesting" to say the least but nonetheless, here we are! :)

Thanks, appreciate and enjoyed your response, your post made me giggle, ... chortle even. ;) Wishing y'all a very happy, peaceful and hopefully very profitable 2020. (That said let me add that while I don't think anyone knows what the market is going to do tomorrow or next week or the next...

Another update while I'm here in case anyone's interested:

Potential losses on naked short calls are unlimited, so as you no doubt know, swimming entirely naked is in principle a dangerous game. This is particularly especially true in some markets such as in individual stocks, where there exists the very real (black-swan fat tail) risk of a buy-out...

Thanks. :) Update in case anyone's interested:

Exactly. That there, 100%.

Same. Like you I've mostly short premium positions to my advantage successfully for about 4 years now, having been active in the markets and through the school of hard knocks prior to that. Literally thousands of trades, statistically increasingly highly unlikely to be down to random chance...

That's gamma risk. Aim to get out around 21 days before expiration to limit it. (IMHO, IME)

Yes. For long exposure sell a suitable quantity of in the money puts to give you the equivalent exposure to what you wanted to buy. For short exposure, sell a suitable quantity of in the money calls. (When deep in the money, option contracts behave like stock equivalent.) You'll collect a...