Recent content by ThetaPositive

For a directional trade you may be better off using an OTM butterfly which requires less capital (risk) for the same profit potencial

I trade ATM calendars to benefit from Theta (time decay). Since I don't know how to predict predict market direction, I start Delta neutral. A bias calendar can produce good profits fast, but you must act quickly if it goes against you, usually by adjusting since it is costly to close a calendar...

I trade SPX weekly calendars every week quite successfully. It is key to adjust them early when price approaches breakevens, either with a long option to reduce Deltas to zero or turning it into a double calendar. Don't try to ride them all the way to expiration, get a 10% profit and exit.

Check with me Friday afternoon. Let's see if we can meet for a chat on Saturday. Have a good trading week! Best

TOS is "Thinkorswim", TD Waterhouse's trading platform. I'm a half local as well. I'd love to talk stocks over a caña in Madrid with traders

I use Interactive Brokers. Low fees, but poor interface. TOS is still a better software to track positions.

Hi Jayce, I am at the Parque del Oeste in the Arguelles area. My number is 636 990 175. Call me and we set a time to meet. I just closed my positions at the open so I am free this afternoon. Best, Hernán

Regardless of volatility being high or low, it is volatility's trend affecting calendars. Uptrending volatility benefits the calendar extending its breakeven points and downtrending volatility reduces the profitable zone. Don't be fooled by low volatility being optimal to open a calendar...

I live in Madrid and trade SPX options mainly. Calendars, butterflies, verticals.... I'd be nice to share ideas with somebody on the subject.