Recent content by Ray Johnson

Yes, it seems the days before ex-div can be dangerous... I used to trade Iron Condors on SPY but I like short strangles better. For strangles, I find SPY a little too expensive because it requires a lot of margin per contract. I use IWM and QQQ on occasion for smaller positions, but mainly I...

> replace "executed" with "assigned". --- True! You 'execute' when you are long and you 'are being assigned' when you are short. English is not my native language so sometimes I have to look for words ... :-) > you can probably adequately handle an assignment, --- I really don't like being...

Hi all, I am an option seller. I mainly trade short strangles on high-volume ETF's (EWZ, XME, IWM, QQQ, ...). When there is a risk that a leg becomes ITM (in-the-money) I close that leg. However, sometimes the markets move so fast that a leg is ITM before I can close it. Now, I was wondering...