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Ryan, Have you or did you consider locking in the Put Side profit using a butterfly? The suggestion here allows you to lock in a profit... on the Volatility spike from Monday.... and then either hold for a chance at a huge return (price settling within your fly) or adjust back into a...

It was interesting to watch back month prices increase while front months (VIX) went to new lows. These prices you pointed out show an excellent example why following monthly skews, (front month/back month), is important.... especially in Diagonals. There were some nice profits to be...

How about I just mention it to the GRIG investors only.... say 15 people. They will be the ones trading their own accounts. M~

don & mav, Most people tuning it will probably be well versed at traditional retail margin option strategies. I think it would be nice to show or explain how 'haircut' margin be most effeciently be used... 1. What option strategies can 'haircut' margin most effectively produce...

John, How did you get Cottle to speak? I would love to attend. Feel free to fill us in on the details. thanks, M~

Mark, If you shorted vols into earnings.. you must have had some interest in straddles/strangle..... or swaps. Can you elaborate on your experience. M~

My miss quote... I was up 5K on $56,600, not $28,300 in margin.... closed out Tuesday for a 7.6% return... half of which came from the 'Tent Pole' position between the diagonal strikes. This VEGA drain... or strain, as you may have it, sure challenges the Double Diagonal.... just waiting...

Our investment club has three people who just primarily trade STRADDLEs. They do quite well, although the research and day to day maintenance is overwhelming. Does anyone here trade STRADDLEs? My thoughts are to form a new ET Straddles thread and share all the research information...

Just SPY, RUT, and dabbing in the QQQQs. M~

Just to add.... haircut doesn't do much for credit spreads... and helps a little in diagonals. We're really looking into better capital uses of haircut margin.... ie, backspreads, straddles. M~

RUT is paying off better than SPX... and has been for the past several months. Although RUT moves greater intra-day, the overall band movement is narrower than the SPX on a percentage basis.... so this falls right into play with diagonals. Just hoping for some huge VEGA spike! Been waiting...

We will be using NCompass when the new release is released... it's lacking analysis software and vol skews, so to begin wiith... Liquod. M~

Mav, Time here may not be considered 'community' service! You had better check with RiskArb for a more "clear" definition. M~

Yes, the debit is included with the margin. Actual is 28,300. M~

MAV, Good to see you're earning your salary here on ET. You may consider editing a few of these posts and submitting them to Andy for compensation. Claim is as "prospective client services". It's good to know you're around.... miss you in GR. The boys say hello... M~

Diagonals are doing well. PLaced a 1375 Put Calendar in between the 1325 and 1400 short strikes. Currently 5K return on about 28K. Looking to exit on any VOL spike going into expiration. M~

Mark summed it up well. We traditionally looked at return on risk... or depending on the strategy, return on margin. I actually look at three profiles now. Return on Risk, Return on Margin, and with HairCut, we're getting a flavor for Return on Capital. An entirely different...

TS, Many different approaches.... I've been playing around with selling back month positions to purchase front month curvature... then playing the swings to capture DELTA movement. It does present emotional risk... but allows for breakout protection. M~

Gathering gamma curvature long before the outbreak to the up or down side.... would cure your problem. Now, getting that curvature will require trading skills.... not THETA skills. M~

Rally, Just trying to exploit the opportunities 'haircut' may open up... My personal trading style has been THETA oriented.... in the past, but 'haircut margin' is opening up some very interesting possibilities. Straddles/strangles/backspreads.... etc. Your thoughts appreciated. M~