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You'll like them more.... just try a few.... it's where the real value of the strategy lies. M~

coach, Funny how your adjustment was my suggestion in the previous post.... as I submitted the post and then read your adjustment... it made me chuckle. You're now experiencing positive expectancy with TONS of potential upside!!! Live Long and MORPH! M~

Coach, I think you're seeing the light..... Diagonals ? Credit Spreads? Is the choice becoming more obvious now? M~

Gentlemen.... Ladies.... We're not playing DELTAs here..... either for credit or debit... you're playing VEGA. You can enter a diagonal for $4.00 debit... and when VEGA increases... sell it for $6.00. Or.. you can enter for $0.20 credit... and let vega drain out.. and collect your $...

Rally, We're coming in to town early 9am, Thursday, to see MAV and boys... We'd have Mav drive up to see us.... but.... well... you'll have to ask Mav about his car. lol We're going to look at some software needs for the prop account and work out some details with Mav.... We're...

Mav, Sorry if I opened up a big door.... here... Probably not my place to expand conversation outside my expertise. By the way.. we'll be knocking at your door this coming Thursday, 9am your time. M~

The ratioed diagonals were on the Call Side only.... as at times, with the appropriate combination of strikes, you can place the Call side of the diagonal on for EVEN.... but you will have margin to account for. The difference is that to the downside at worse you will break even... but in...

Coach, We've been playing with the haircut issue and margin also. We actually bought more longs to offset the margin... which in turn allows you to invest more... which gives you more total positions.. which allows you to buy more risk protection... which allows you to increase your...

Mo, I just love reading your posts... it's a highlight of the day. Maybe we should accumulate your posts and publish them in.. "The Diary of Mo Momey's way to More Money" Thank you for all your posts to date.... your time, commentary, and humor is appreciated. M~

Just wanted to say I attended an Investools 3hour Free recruiting seminar. Those guys got the marketing/selling scheme down to perfection. They hit your emotional side.. family, grand children... then it's off to the working hours and retirement lifestyle... then it's back to the...

E.T. Prop Firm Like we discussed a few weeks back... and with the ToS/Investools merger.... It may be time for Maverick to make us an offer we can't refuse. Our very own ET Prop Account, underwritten by Coach Phil!!!! Mav, timing is everything M~

Why RUT instead of SPX There appears to be more premium in the RUT along with the fact that the talking heads keep hinting toward a sector rotation out of small caps and into large caps. This would put pressure on the RUT and increase it's implied volatility as well. Just trying to...

Current Oct/Nov SPX Double Diagonal BTO Nov SPX 1250p STO Oct SPX 1275p BTO Nov SPX 1375c STO Oct SPX 1350c If the market stays stagnant.... a small 2-3% profit is expected. Really playing the position to the downside as a VEGA increase could spark returns as great as 25% We...

Sounds like Maverick may have some new clients soon! Hmmm M~

Just a quick FYI, The Put Diagonal Oct1275p/Nov1250p last week could have been purchased for $1.35 debit when VIX was at 10.8 Today it sells for around $2.45, with VIX around 12.5 Amazing what a little VEGA does.... M~

dCoach.... got to love Put Diaongals ... and VEGA increase. Maybe this entry marks your turn-a-round for market hedge direction changes.... This could really mess many of us up here now.... Maybe you should just trade Credit Spreads so we have better market timing entries... :)

Credit Spread Traders vs. SET Just wanted to say thanks for keeping the update updated. I added an absolute difference column, and then calculated the MEAN of both. Interesting find... very helpful for those last few holding days into expiration. Let me explain. The AVERAGE of...

Coach, Just look at your position... from a comparison point of view with respect to a similar credit spread position at those strikes.... Now tell me... isn't your diagonal less ulcer forming ? PS Sent you some mail to help ease the pain!

Sharing is Caring.... don't mind at all.... will put together a synopsis this weekend. Also need to compose two powerpoints presentation for Monday, one open house presentation and a second draft of an operating agreement.... Still correcting papers here at school ... 9:52pm...