Search results

Can you give a specific example. Which strike price, what month. Do you buy one every month, or each quarter, for example. As time decay occurs you significantly lose protection. Instead of a put, how about a put spread so you can place it closer to the market price. You may wake up...

I assume that between now and the end of the year, a certain country will attack the nuclear facilities of Iran. To complete the job it will take at least a week. I think we can all image how that will affect the markets. What strategy can I use now to give myself at least some protecton...

Let's look at BG for Sep. IV is low, in a recent channel, one month between sep and oct options, and no significant skew between the options. The way I analyze the calendar I show 96 cents potential profit for a dollar risk, well above my minimum. Will not go into the actual trade...

BTW, I was not criticizing your system. I was bored and hoping that you were not just a newbie fishing around for something.

Yep, if you don't get the position off by Friday early afternoon, forget it. The MM have already factored in the weekend.

A stunning, wonderful position. Now tell us how you plan to make adjustments.

You got negative theta over a weekend? I thank you, my wife thanks you, my dog thanks you. I really appreciate your contribution to my lifestyle. Keep it up. PS I think you are asking the wrong question. The real question should be "Do I know what the hell I'm doing? Somebody please...

Bought 2xGOOG Dec/Jan 510 put @ 3.24. This is not a monkey calendar, but one of my long term positions, such as the BIDU. Since this is near the bottom of the well, and moving up, will wait to sell call vertical, if I do it at all. When I get time, I will give my entire Aug position, but...

Position sizing for me: 1. Do I know what I am doing? Is my strategy working? If I am uncertain about my option trading strategy, I use small positions until I have confidence in my system. 2. What is the market doing? I use calendars, so I use smaller positions in medium to higher IV...

BIDU == still has the Nov/Dec 380 call calendar. Have been waiting to sell an Aug vertical, and with earnings, market made a large move up today. Sold Aug 370/380 call vertical. Again, on this long term calendar, my strategy is to sell a vertical for monthly income, similar to a covered...

Why don't you call their technical support? hahahahahahah

Look at the free webinars at cboe.com.

If you have the monkey spread, normally you may have two calendars against a single call vertical. In this position you may look carefully before taking off "partial profit". For example, the calendar is profitable, so you take off one of them. However both calendars are protecting the...

One personal observation. 1. Far backmonth options have little liquidity, so the quotes on the screen may not be very meaningful. 2. In terms of legging into the trade, I think another alternative is to place half your position and wait for market movement and then place more positions on...

You might add some call verticals above the calendars to enhance the profit, using the calendars to protect them. Sort of a covered call strategy.

Just to report on the downmove today: The Aug call vertical is working well on BUDU where I have a Jul IC with the LEAP calendars. The vertical is doing its job on the GS monkey calendar as well. GLD is rather quiet. If anyone is interested, I'll post my positions on an updated...

Support and resistance is not factored into the model. IMO, you make money when you sell options below strong support, etc.

This week: Monkey calendar positions in GLD and GS. Added Aug call vertical on BIDU and a small jul put spread to protect the upside. Normally I leave off the put side, but this late in expirary month seems safe, so I have a Jul IC with my long term calendars.

You might consider a short vertical instead. For example, you expect xyz to go down. Sell the call vertical, and you have time value on your side if the stock sits still. For a long option strategy to work, the market must not only move in your direction but also in a timely manner. If...

Sounds like the training materials on cboe.com would be of interest to you. It is all free and will give you a good foundation on how various option strategies work.