Recent content by tancy2411

Hi Put Master, I trade based on what I anticipate what the underlying will be doing (bullish, bearish, or sideway with range defined) and where the iv will be heading (up or down). After this, I will select an options strategy to trade it or create greeks that will be appropriate to my view...

Hi Put Master, In this case, you could do something like double calenders, or diagonals. This will give you better risk/reward ratio. Chee Yong

Hi Put Master, Why didnt you consider calender (anticipate stock stay sideway) or ratio backspread (anticipate stock going to move) as iv can be considered low at this moment Chee Yong

Hi optionsgirl, This depends on the delta of the options. itm options has more delta (positive for call or negative for put) and otm options has less delta. The combination of delta and gamma of the options can estimate how fast you gain and lose money if you only based on movement of the...

Hi spindr0 and Mark, Seems like my guidelines on adjustments will only work for me because of my trading style. Thanks a lot. Chee Yong

Hi Put Master, I have created your trade and looking at the risk graph and I have to agree with dhpar. Chee Yong

Hi, You can try www.ivolatility.com Chee Yong

Hi Put Master, Eh.... So what is your guidelines to adjust options trades? Chee Yong

Hi Put Master, Just to clarify, when i say stop loss, it is the real time stop loss, not the potential maximum risk. From the examples that you give, I can only gather that you are using "hope" as an adjustment strategy and you will stay in the trade because you have faith in the stock...

Hi Put Master, Just to clarify. The trade may be losing 30% but the trade maximum risk may only be 2.5% or 5% of your trading capital. At the same time, it also depend on your defined stop loss. Some trade will be closed when it hit 50% stop loss and some 100% stop loss. You cant adjust a...

Hi Mark, I have only three years of experience as compared to your 30+ years. I am just giving my thought to the topic on adjustment and at the same time learned from experienced people like you on this topic. Adjusting a losing trade always has an ego issue as the person may not want to...

Hi Mark, About 30% is just the right time to adjust the trade. You do not want to adjust the trade too early and you do not want to adjust the trade too late. Maybe I should take the word only away as it based on my experience. I find that if you adjust greater than 40% loss. the reward...

In adjusting a losing trade, the adjustment can only be done when trade loses about 30% of the maximum risk. Any loss greater than 50% will be a goner and it is best to close the trade. Next, what is the new view of the trade, will it be bullish, bearish or neutral. Once the view is...