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I think I've seen this question asked before but didn't really give it any thought. Since the SPX has a SET expiration value on Fridays, why not consider buying an ATM straddle on Thursday just prior to close. Unfortunately, I'm having trouble modeling this in ToS. How would I go about...

I've been doing some analysis on this and it seems like it would probably be preferable to use indices that don't have next morning expiration (i.e. SET for the SPX), particularly if these straddle/strangle swaps are put on within the last week or two. So as the underlying moves away from the...

Coach: Can we do an analysis on the opposite position, i.e. BTO 25/STO 50/BTO 25 (since us retail guys can't do what you're doing). Presumably this would have involved about a $2.90 debit. I guess once the October 1400 calls expire, one would need to add another 25 long calls otherwise...

Heather: I was only able to get this to work for SPX credit spread with SPX hedge. I posted awhile back in the forum and someone responding that it could be done with the SPY as well, but I never tried it. If I recall correctly, that discussion included how to actually do this. Look...

Coach: You've been talking about closing these positions during opex week of the front month (or maybe it was just after op expiration). Either way, does this mean you'll be closing the position at the end of next week?

Awhile back, risk mentioned 'time flies'. Is this a time butterfly? Can you point me to some information on these? It looks like what Coach is doing qualifies, but can't really be implemented without SPAN or haircut. Thanks.

Mo: I'm looking to diversify away from credit spreads. Any pointers? Thanks.

In TOS how do I graph the decay in the value of an option over time. Thanks.

Well, it looks like this month isn't a total loss for me. The group of day traders that I follow had a reader's challenge. Closest guess on today's closing SPX price wins the book, "Futures, A Personal Seminar" from the New York Institute of Finance. My guess was 1352.37 and apparantly I...

Coach: Which SPX strikes did you sell??

Could someone please remind me how I can determine 1 sigma within ToS. I believe it is on the Analyze tab and Probability Analysis. But I'm hung up on what to do next. Thanks.

Coach: What strikes are you considering for November?

Well, actually I was thinking of the Nov 1250/Oct 1275 put diagonal which is around $2.15 on the mid right now. Over the past couple of weeks when I've looked at it, it's been around $2.00 to $2.50. This observation is purely anecdotal and I have not actually kept track. I was using this...

Thanks, risk: I've wondered about this part. Many of Murray's posts mention how the debit on these spreads tends to stay fairly constant over a fairly long period of time (relative to verticals) and I've noticed myself that this is the case. Why take on more time than necessary to achieve...

Scoobie: Thanks for posting your trade. I have a question on your strategy for closing at the short strike. I thought that this was roughly the strategy for a diagonal but not a pure vertical credit spread (i.e close the vertical earlier). Since the maximum profit on a diagonal occurs...

Ryan: Which "bearish" positions are you holding. Since misery loves company, enquiring minds want to know. :) Thanks.

Scoobie: Looks like you're only 4 points away. If you have to adjust, please post all of your numbers if you don't mind. I don't recall any DOTM spreaders on this thread (I'm sure Mo will correct me if I'm wrong) adjusting at their short strike. It will be interesting to see what the net...

Adjusted to the Oct SPX 1370/1385. Overall results on this trade: Initial 1360/1370 credit of $0.60 Debit to close the 1360/1370 of $2.50 Credit for the 1370/1385 of $1.55 Net on this trade (including adjustment) is $0.35 debit. I'm looking at putting on a bull put to bring in more...

Well, I was forced out of my Oct 1360/1370 bear call (what the hell is this market doing). Still haven't put on an adjusted position as the market is continuing to go up. Looking at 1370/1380 or 1370/1385 but I don't have a clue where the short term top is. SPX is now a full 2 points higher...

Risk: I remember a post from a while back where you mentioned that we all should be trading time flies among some other strategies. While the diagonals aren't flies, they do have a time component. I haven't seen much input from you on our diagonal discussions. Appreciate any info you care...