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/es6eg is the symbol in tos for es.

>I am new to options May I suggest that you check out http://www.optionplanet.com/ They have excellent classes and, for the most part, are free.

>i dont see how you are reducing risk by using haircut. I want to see if I understand. On an Iron Condor, for example, some brokerage firms margin both legs of the IC, even though the market can only go against one leg at expiration. It does not affect the actual risk when my...

>I'm really not too interested in ToS, but not opposed to purchasing some software to help me visualize these diagonals. Any suggestions? http://www.hoadley.net/options/strategymodel.htm It's free. but you can purchase the add-on. Note: on calendars, etc, ignore the expiration curve...

Of course, that is what I mean -- an adjustment. For newbies: Been studying the relationship between delta and gamma, and came up with an analogy which I find helpful: Delta is speed and gamma (negative) is acceleration. A low delta position, with high gamma is like a racehorse at...

Let me put it short and sweet: Shorting gamma to become delta neutral? You might want to check out career opportunities at McDonald's.

>I think I will put one on and see. ****New traders***** Do not try this at home. This is for professional traders only on a controlled course ..... etc :cool:

Bought SP Oct/Nov 1275/1290 put diag @ 380.

Looking at SP Oct/Nov 1290/1275 put diag, around 360. Past couple of months these put diag have been very profitable as the market moves down, and very little loss when it goes up.

closed all three positions yesterday -- about 10 days to expire, Fed meeting: cal +15 dd +20 diag +15 The dd had more more commissions, so it was close to the others in profit. This is TOS paper trading, so the actual results may have been somewhat different.

Update on my education on the QQQQ positions: delta, gamma, theta, p/l to date market at 40.11, expire in 11 days. cal 5 -94 6 +10 dd -8 -108 8 +20 diag -44 -92 7 +10 Anyway, any suggestions on which position is preferable, simply based on the greeks? If I were...

Here are the results for today (couple of days after placing): showing type, delta, gamma, theta, p/l cal 4.4 -87 5 +5 dd -7.7 -93 6 +10 diag -44 -81 6 +5 The diag is not quite the same -- used sep5/dec, and while the others are oct/sep5. (sep5 means a quarterly...

Time to go back to school: Using paper trading in TOS, I placed three trades in QQQQ: calendar, double diag, and ATM diagonal. I made all three trades to have similar characteristics (greeks, breakeven, etc). Want to see what happens over the next couple of weeks to expiration (using the...

There are no MM and no pit trading in the ES, so it will be interesting to see how they do spreads. My futures broker (using RAND) does not allow spreads on the ES.

SPAN margins. That is the primary reason I am still trading it.

Update: went thru my stop, closed spread at 95 for a loss of 15. I have an SP put diagonal, and this trade was a hedge against a continued move upward so it worked out well.

WARNING: New traders should not be reading this journal, nor should they consider any trades mentioned here. This is educational only, and you could a lose substantial part of your account if you pay attention to anything that we may say here. I hope you feel better, Pabst.

Sold my SP sep/oct 1260/1240 put diag at 500. profit 180.

I noticed that as well. My 1240/1260 diag stayed pretty much at b/e above 1310, although I would start worrying at 1315. Moved down, vix up, and voila. But it really tests my patience, but I don't get panicky as I did doing verticals.

"collar", etc. I think it would be useful to check out these webinars on using options to protect your position. Buying a put is only one of several possibilities. One major move can wipe out several years of profits. http://www.chartbender.com/products/education.aspx