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Coach, Mo, Cache, others, Has anyone considered/tried using OTM calendars to hedge a threatened CR spread? Say if put side is threatened (20spx points, say) you add a calendar centered on your short strike. Vega would help on the put side - probably not as effective in hedging a threatened...

Optioncoach, I noticed you put on new spreads, 75c on the put side, 15c on the call side. Do you have a minimum credit you look for? I get uncomfortable at less than 50-60c per side for a 10 pt spread. Your thoughts?

Optioncoach, I notice that you're 2 STD's below the market (puts only) when you open a trade. I generally try to go 1 STD but always on both sides of the market - the 'winning side' helps cushion the other side if the market moves too much. Also, on adjustments, I've seen a few different...