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I closed my put vertical and put diagonals for a small profit today. 0.85 for $20 margin for put vertical, around 4% 0.5 for $40 margin for put diagonal, around 1.25%. My call diagonal profit evaporated not because of upward movement, but because of a drop in vol.

Since you have closed today, I will keep my call diagonal and will benefit from a drop of 10 points tomorrow with vol increase. :) Keeping a close eye on my rut call vertical as I can close now at breakeven, but it is still 25 points from my short strike.

Call diagonal is not as sound as the put diagonal, because it hurts by a vol drop. My rut call diagonal is at risk too, but since I made partial hedge when it was 20 points away from my short, I moved the be point to 771. 25% of my potential gain has evaporated today.

Ncompass just added future trading in the new release. http://www.ncompass.us.com/News.aspx

Just close my short strike of put diagonal (RUT 680 Put) at 0.15 as the put diagonal no longer provides adequate hedge for upward movement.

Will NCompass provide the required analysis? Mav said it is a better platform than TOS, but not sure in what sense. I am thinking of long gamma using haircut and short gamma using reg-T to maximize my leverage, but in the same time reduce the gamma risk.

RUT is really strong, and is only 10 points away from the short strike for my call diagonal. I am facing a gamma risk but might max out my profit if it reaches 760 at expiration. My analysis shows that call diagonal is not giving a good reutrn (just 12% on my risk if it reaches 760 next...

Phil, you should start a haircut journal to show how to make the best use of haircut leverage.

Seems a different ball game with haircut. There is no way to make good money with this strategy under reg T.

When you open a new position, can you post the span margin requirement for that position?

Anyone has a suggestion to reduce gamma risk for premium sellers without reducing theta profit?

buy RUT Nov/Oct 710 Put for a debit of 6.85 to create a delta neural position.

Just as I felt good with my call diagonal this morning, I feel the strong up momentum with RUT this afternoon that I just made a hedge to reduce my delta risk with another call diagonal even though I am still positive. sto rut oct 770 call bto rut dec 790 call for a net debit of 6.3.

That explains why I am making $ with both call diagonal and vertical.

Why don't they use HV for computing the prob? Is there a way of looking at HV using TOS?

It is not a strategy that earns you money. It is your money management skill that gives you an edge. I have both RUT DD and RUT IC. The short strikes of call diagonal is still 25 points away, and of call veritcal is 45 points away. I am making good money in the sep and hopefully in oct...

For the last 2 months, I also put most of my leverage in RUT. RUT seems to give a higher reward than SPX because of higher volatility. Percy

Murray, Just came back from a long vacation, and there are too many pages to catch up with. I knew you and a member in your club are experiencing wide DD. Any discovery?

Not correct. You need to sell nov call and put for at least $2.5 to break even.

An update on my rut DD. Sep/Oct 670/630 P @ debit of 0.4. Now I can close for a credit of 1.0. Sep/Dec 740/800 C @ debit of 2.3. With this multiroll diagonal, I can close it for a credit of 5.2, or sell the Oct 760 for a credit of 5.6. I still haven't decided how to adjust it. Any...