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Andy, I'm asking because of our transition to 'HairCut Margin'. With the added bonus of Capital/Risk...... delta scalping becomes a much more viable approch. For example: I personally would not trade Covered Calls, ie, Buy 100 shares of stock and sell one call contract against it...

Eric, I find a much larger comfort zone in trading Diagonals than credit spreads. Diagonals offer greater diversification with respect to adjustments going forward, ie, risk management. Let me also state, that we will be trading 'haircut margin' next month, and find the use of...

Any DELTA scalpers in the crowd? I've been blogging with a few... very interesting market trading approach.... find it very risk managment oriented.... and positive gamma curvatured in nature. Would appreciate any opinions. M~

I'm certainly no expert on Diagonals... just 9 months of trading them and a ton of research. What essentially you need to make is a decision as to what you think the market may do... or what it may not do... and trade accordingly in the position you take. As you pointed out... the...

TS, I think I have tried them all... Etrade, Fid, TradeKing, OX, IB, Brown... etc. From experience and from everyone else here... move your money to IB or ToS. I would avoid OX. You'll be kicking yourself tomorrow for what you didn't do yesterday. Move up to the Option experts...

Sorry for the absence of late.... but I see you guys have things well under control here. I do hope someone edits this journal into two distinct chapters.... chapter one "Worthwhile", chapter two "Worthless". Might even be worth publishing. There you go coach.... Book #2. "From...

Mark, Curious if you have done much analysis on buying Put Calendars slightly OTM on a scaleable over time entry approach to your Double Diagonals. I say this because I'm wondering if this would help negate the gamma run-up at the short ends of the diagonal on a over-time basis. Any...

Open an IB account. All your answers will be answered. www.interactivebrokers.com

Yes, we do have some 2-month and 4-month diagonal positions. We like these especially in the RUT... very nice longer term premium available. M~

Oct/Nov Double Diagonal Update Sorry for the lack of participation of late... busy at the home front. SPX Double Diagonal 1250/1275, 1350/1375 with Tent Pole Put Calendar 1325/1325 lost 4% RUT Double Diagonal with five tent poles (too many to list) netted 8% gain SPX Credit Spread...

Nice to see you treading the waters..... M~

Added a 6x9 call backspread to the RUT. The backspread moved the BE's up quite a bit... bought back the lower Put Diagonal. Sold a put spread to help finance some OTM calls for positive curvature. Man... this market is relentless. May push the bubble to short term next month. This...

October Double Diagonal Update Sorry for the absence of time... it's teacher time of the year... yep.. Parent Teacher Conferences. Volatility has been a tourcher to the double diaongal this past month, and the direction bias no help either. We tent posted a Put Calendar spread in the...

The Haircut Margin on this trade is interesting also... M~

coach, Maverick would be proud of this trade. It has curvature, he's big on curvature.... M~

Sorry... typo Rolled the Oct 1350c to Oct 1375.... so the current call side is an Oct1375c/Nov1375c Call Calendar. In another account I did the identical roll, but bought back half of the Oct 1350c first for a loss, then rolled the rest up to 1375. Thanks for catching the mistake...

Rolled the Nov 1350c to a Nov 1375c, which places the upperside of the SPX Call Diagonal into a Call Calendar. The cost wiped out the profits for the month up to this point. A VEGA spike would still create a nice profit. Current upside has no risk. BE is unlimited, but at the cost of rolling...

You don't roll for profits or losses. A roll is simply closing out one position and entering another. So, consider what positions you would like to enter going forward. Close out the current positions, and enter your new positions based on your new outlook. There is no short cut /...

The idea here is to take advantage of a movement and/or a low volatility condition. You're trying to play the odds/pullback ... looking for increased volatility. Anticipating the direction is tough, but playing the range tends to be a more successful approach. Although... this market is...

it's not what they're currently at, although I like you're thinking... you're anticipating where they may be in a month from now. Not that anyone really knows. The trend lately has been the sell of the RUT... and movement into the SPX. It's the selling off of the RUT which will create...