Recent content by vmora

are you trading singles or spreads? selling/buying?

in on this

dailytheta.com under education has intro articles. also, condoroptions.com has good articles on ICs under strategy.

Very true. I've been seeing this when I apply vol and day steps to the risk profile.

I was just looking through the thread and noticed that I didn't reply to you, sorry. What happened to me was that I sold spreads to close to the money and they went against me. I was sold by the higher premium and thought that the underlying could not go against me. Also, I was compounding...

you received a credit of 0.75 yesterday for that spread and closed it out for 0.25 today, netting 0.50? orders in tos papermoney tend to always fill which is not the case in real time

it seems like those aren't frequent trades. are there any that you put on more frequently?

1. that is a good plan, it just seems a little difficult. I'll have to work on my timing (: 2. i suppose i must do what you say here but it's probably worth it since i only need 2 contracts for the spread instead of 3 or 4. yours and pberndt's profit taking strategy both sound reasonable...

I use tos and am able to view risk profiles of p/l, delta, gamma, theta, and vega. I like your reasoning for using puts over calls because I know I don't want to deal with the assignment. Structuring the trade a little otm when placing it seems like a good idea so that you can skip assignment of...

I use verticals most but I am looking to add calendars and/or flies/condors

thanks for the reply. 1. I must ask, why? 2. say i think RIMM is staying between 55 & 65, is there a way to structure my calendar using those as break-even? how close would the underlying need to be to the strike chosen for you to take profit?

I have a few questions for anybody willing to answer: 1. what is the difference between a put and call calendar? 2. using a calendar, is there a way to more accurately define my break-even points or would I need to use a butterfly/condor for this? 3. how do most of you use calendars? It...

Great insight. Thank you.

I've read a few pages on your thread but haven't gotten through all of it. Do you have a link to a specific post that explains your approach to credit spreads and IC rolls?