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IC = Iron Condor FOTM = Far Out of The Money Sigma = standard deviation

Actually, I've got 2 put diagonals. One I can close for a loss, the other I can close for a credit that is twice the loss of the other so a net gain there (although very small and using mids). October will be about breakeven when I figure in commissions. Not too bad considering the market...

I've still got a put diagonal. I hear some bearlike growls off in the distance, I just hope they show up soon, like the next few days :p.

True, call diagonals are a little different than the puts as volatility works against you when the market pops like it has today. I decided against making an adjustment to my trade, I just got out (a sure sign that the market will drop 10+ points tomorrow). The SPX was only about 5 points...

We are about a week too early for the market to hit this level, doesn't it know my diagonal would work better if we were at this level next Thursday :mad:! I've got a screwy diagonal: -3 Oct 1365 calls -6 Oct 1375 calls +9 Nov 1400 calls Based on mids I can close for a very small...

If this works out well I might have to look into getting my haircut :D.

I don't get CNBC at work so I always have Bloomberg TV pulled up on my computer. I just found that I like the TV people better than the radio people they have. All are good, just my preference.

That is basically what ToS teaches at their seminars. I did a quick model using Nov expirations and here is what I got: 10 lot 1330/1340 Nov put = $2.50 10 lot 1370/1380 Nov call = $4.10 Max profit = $6600 Max loss = $3400 You have to work to keep ahead of the market and make sure...

I just got filled, lost $100 plus comm. so not to bad given the wild flucuations OIH has seen lately.

I'm still in although I was kicking myself for not getting out on the rally yesterday. I'm looking to jump out here soon on today's rally though.

The trick is to get the 3% bump in vols otherwise your loss zone is between 1339 and 1365 using todays vols (then max loss is still manageable at roughly $1710). No way you can do this in a retail account as you've said, I'm interested in hearing what Mav says about the haircut needed.

SPX down 5, VIX down .12. Big rally must be coming! I'm going to lunch in a few minutes, I'm sure I will come back and SPX will be up 5-10 :p.

The drop today is helping my diagonals somewhat but need that VEGA spike. We are down almost 7 and the VIX is up .04, kind of perplexing isn't it? Can only take what the market gives us, right now I would like it to give me a VEGA spike to go with the drop :D.

SPX is up over 3% in the last 30 days. I think many of us started to put on positions at about that time, thus the pain we are feeling now with such a good run to the up side. Market is closed now, time to wait until the jobs numbers come out and ignite the market again.

I have a Oct/Nov call diagonal with a 1365 short and another Oct/Nov with a 1375 short. When the market rallies on the jobs number tomorrow (does anybody really think it matters what the numbers are, this market is going to the moon!) I'll need to adjust or close as I'm sure we will be at/past...

When you are on the Probability Analysis page just look at what expiration you want (Oct, Nov, Dec) and look where the vertical dashed lines cross the yellow curve. They even list the number at the intersection. You can change 1SD, 2SD and 3SD in the upper right hand corner of the screen. If...

If I'm following you correctly, place a DD at 1SD and the price stays relatively constant until you start getting close to expiration. I did a quick model of this in TOS based on what it cost me for my DD I put on a few weeks ago vs what a DD would cost today at 1SD from the market. The cost...

Adjustment or just get out of the way of this train?

Ok, I don't mean to ask a silly question but here it goes. I reviewed Sailing's powerpoint presentation on haircut margin. On the double diagonal page (page 29 of the presentation) he shows margin of $13,700 on the DD. How do you calculate haircut margin? I have seen it mentioned in more...

I've got bearish XEO and RUT postions that are in the red. Actually, my RUT position was in good shape until today, sucked all the profit out of it and now back to a slight shade of red. This upward run and draining of volatility is not helping my SPX diagonals either. Need a decent pullback...