Search results

AAPL Short Strangle Delta Neutral on 10/22/07. AAPL @ 173.74 Sold 10 210 calls @ 1.05 Delta +.11 Sold 10 140 puts @ 1.00 Delta -.11 Delta = 0. 10/23 Apple goes up big. Delta of calls +.09 Delta of puts -.07 Delta is off but since the puts are now trading at .15 I decide to...

Here's the GOOG trade. I'll leave the WYNN trade in the original thread entitled: "Trade Critique" GOOG Short Strangle Delta Neutral trade entered on 10/22/07. GOOG closed @ 650.75. Sold 5 730 calls @ 1.70 Delta .08 = +40 Sold 5 570 puts @ 2.40 Delta -.08 = -40 Total Delta = 40 -...

I'm going to post several mocks in their own separate threads as advised by another poster. Please critique them and any advice is appreciated. MSFT Short Straddle Delta Neutral entered on 10/22/07. MSFT @ 30.55 Sold 6 30 Calls @ 1.25 Delta .54 = +324 Sold 7 30 Puts @ .73 Delta -.46 =...

AAPL Short Strangle Delta Neutral on 10/22/07. AAPL @ 173.74 Sold 10 210 calls @ 1.05 Delta +.11 Sold 10 140 puts @ 1.00 Delta -.11 Delta = 0. 10/23 Apple goes up big. Delta of calls +.09 Delta of puts -.07 Delta is off but since the puts are now trading at .15 I decide to...

GOOG Short Strangle Delta Neutral trade entered on 10/22/07. GOOG closed @ 650.75. Sold 5 730 calls @ 1.70 Delta .08 = +40 Sold 5 570 puts @ 2.40 Delta -.08 = -40 Total Delta = 40 - 40 = 0 Delta. 10/23/07 GOOG gaps. closed @ 675.77. Delta of Calls = .08 x = +40 Delta of...

Sorry for not specifying the month. The expiration month for all trades I'm posting is Nov.

Sorry I made a mistake in the MSFT post. The realized loss on the 8 short MSFT shares is actually 1.60, not 1.04. So the total loss is off by .56.

MSFT Short Straddle Delta Neutral entered on 10/22/07. MSFT @ 30.55 Sold 6 30 Calls @ 1.25 Delta .54 = +324 Sold 7 30 Puts @ .73 Delta -.46 = -322 Delta is +2 (supposed to be -2 for my trade) 10/23 MSFT closed @ 30.90 Delta of calls .60 x 600 = +360 Delta of puts -.40 x 700 =...

Yeah, I've looked far and wide on elitetrader, traderji ect. but I can only find some examples such as adjusting every 100 deltas that's off ect. But in that example, the poster was working with several thousand delta if I remember correctly. Searching for delta neutral on traderji I found a...

So I'm kind of in a trade off of taking in lower premium at lower risk vs. selling higher priced options with higher IV (maybe) increasing my risk...?

WYNN Short Strangle Delta Neutral entered on 10/22/07. WYNN trading @ 151.39 Sold 4 175 Calls @ 2.25 Delta .24 Sold 8 125 Puts @ 1.30 Delta -.12 Delta = 0 10/23 WYNN closes @ 158.50 4 175 Calls 2.25 - 2.75 = -200 loss. 8 125 Puts 1.30 - .75 = +440 gain -200 + 440 = +240...

Hello all, I'm new to trading, spent the last 3 months or so learning about options and stocks, and esp. the last month learning about Delta Neutral trading. I lack a lot of knowledge about DN trading, particularly the proper way to calculate your adjustment strategy. Anywho, I...

TOS seems the way to go for options trading. Unless you're trading several thousand contracts a month, IB just costs way too much. After looking on IB website, they have a minimum of 2,000 USD a month in commissions so If I'm only trading a couple hundred options a month, then that would...

Where can I learn how to make adjustments properly?

Is 10 delta's considered a lot or a little? What is the way to determine how often one neutralizes delta? :confused:

What is the best way to profit from time decay? I would post a poll or something with some options (no pun intended) to choose from but I'm so new at this that I don't really know the choices I would have to give.

I would also like to learn about this. I don't know the answer to either question. I've done a lot of searching for info on DN trading I've seen people throw out numbers such as: adjust when you're off 100 deltas, ect. But in some of the mocks I'm putting on, such as a Strangle on WYNN, I...

Is there a way to use call or put backspreads with delta neutral trading, or is it not even suited for delta neutral? Thanks -Andy

So what would be the correct way to neuter positions (based on the type of trade; long straddle, short strangle, market moving up a lot, a little, sideways, down a lot, down a little.) Do you know where I can read more about the proper way to neutralize a position according to strategy used...

Yes, but if I'm understanding correctly, IV contraction would hurt a long DN trade, help a short DN trade and vice versa?