it is not up to you to decide what "blanket" statement is , or what others ET members should post or not. I think that Rallymode's option's posts are one of the best on ET.
those double calendars are vega trades ; the later the entry -the better ( steeper vols ramp over lesser time). I will only do it if a second entry will carry a better ( then first) r/r as a stand alone position. Something like that :
short front 52.5 ATM
long back 50-55
vols at 25 , ratio...
RR , FEB are reporting vols and JAN will have lesser trading days due to holidays...JAN/FEB vols ratio will only increase from here ( for certain stocks)
For "W" shape PnL , does anyone enters second similar position ( obviously later in time and using diff strikes) at the lowest point of "W" ( at the Max potential loss) , assuming every entry is carrying good r/r ?
mini me , u , Blue and S200 started probably a third of all new threads lately. I don't read this crap , but I bet all those threads are same-o. Time for a break.
This should be a very easy to program ; I am sure that many ET developers can do it very fast . The most complex part (imo) is a routine that checking available cash before every new transaction and what to do in case you are out of margins. All orders must be limits , then you don't have a bad...
got it . I want to go one extra step and graph an overlay of current PnL vs MAX at exp ( based on change in vols) on the same screen. I want to use it for possible early exits if current PnL is close to MAX. How diff would be develop this , in your opinion ?
:) its obviously not about the money...but if they don't have this particular function , I don't want it. PM me when you done playing with it , let me know what you think. Again , I need to analyze calendars by using diff future vols for front and back month . Thanks
he can try to do it as Generic Combo on IB. If ask is 55c( and he want to pay 50 cents) and stock price is 20 , he can select an 1:3 ratio ( if delta is at .30) . The combo price becomes 21.50
Ryan , If you opened double calendars ( both puts and calls) , try to gamma scalp back (long) month in purpose to reduce its "cost of rent". It's a bit complex with calendars , maybe you should do just paper adjustments for the first time.
Good luck