Search results

Well, not if you can't spell, genius.

Actually, I think he has it all wrapped up. Kudos to you, TM, you complete and utterly laughable loser.

He should most certainly NOT be banned. Were it not for ET, he'd no doubt manifest his pathetic cry for help in far more destructive ways. Empathy and pity, rather than disdain, loathing and contempt, no matter how deserved they may be, should be displayed toward the delusional and dysfunctional.

Interesting modification. I like the idea od lifting the left wing to give the position homerun potential to either the up or downside. The trade-off will be a higher break-even to the upside given the higher overall debit. But it may enhance an already favorable Greek profile. I'll play around...

I had something like this in mind: XYZ at 100 Long 20 XYZ Jul 90p Short 20 XYZ Feb 90p Short 10 XYZ Jul 90c Long 20 XYZ Jul 110c

Arb, Yea, the position seems to make a lot of sense both intuitively and theoretically. And with vol so low on so many names, potential candidates are not hard to find. In fact, I think I may test it out with some real money on one or two starting this week. But just a point of...

I'm counting Greeks, but still can't seem to fall asleep. So I thought I'd submit for comment a long vega idea that I've been toying with: Long OTM put time spread combined with a call backspread (done for a credit or even money). The risk graphs for the candidates I've looked at are...

No need to apologize for that sound approach. The stresses, together with the big drawdowns and wide equity swings, that are part and parcel of large concentrated negative gamma positions, will force one to find another occupation eventually. I nearly learned that the hard way in my time and...

Yes, the settlement is the same. By the way, the QQQ's are American, not European, style.

AMZN at $45 and the Feb 45/40 bull put spread selling for $1.70? Really? Gee, I'm showing $53 and change for AMZN and the Feb 45/40 bull put spread selling for maybe 60 cents. Perhaps, I'm getting the bizarro quotes by mistake and the Dow is actually plummeting towards 9,000 and not rapidly...

Okay, my response won't be nearly as comprehensive as your's. I'll just make a couple quick points since you said you welcome the exchange of ideas (as do I). Beyond the fact that we apparently disagree over the best use of vertical credit spreads, I think we would both agree that the...

Mav, My comments weren't personal; thus, I'm surprised that you seem to have taken them so personally. Nevertheless, I have two additional comments in response that I hope will be received in the spirit of commity in which they are intended. First, of course you could increase the credit...

I think you'd be extremely hard-pressed to find 5, let alone 20-40, OTM or ATM vertical credit spreads with a 1:1 or 3:2 risk-reward profile in this low vol environment. If you can point to some, however, I'd be interested to hear it. Otherwise, it's just another fanciful idea with no practical...

But I bet you learned something. And that, my friend, is priceless.

First of all, who ever said I didn't want to be short gamma? Not me. But if I didn't, I'd prefer a backspread over a long straddle any day. There's way too much theta exposure with a long straddle for my tastes. But, if in fact, there are "a thousand better ways" to go long vega than with a...

Sorry, Mav, but, while I don't want to speak for RiskArb, I think you missed his point. I understood him to say that long time spreads are in fact a very good way to go long vega. He merely pointed out some of the issues to be aware of with the strategy. However, despite a prior thread, I'm not...

Thanks Arb. Your always insightful advice is most welcome. Yes, I agree that long time spreads should not be one's sole strategy. However, for someone like myself who is typically short a lot of vega from index iron condors, and in light of the current low vol levels, they seem like a...

With '03 rapidly coming to a close, it might be a good time to start evaluating some new or refined strategies for the new year. I was thus hoping to start a discussion of some limited risk vega positive strategies that could exploit the across the board rock-bottom vols with the assumption that...

Buy NEM puts.

Yeah, come on, Spec. Give us directionally-challenged shmo's a break. We're doing what we can to scrounge for nickels over here.