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entered on august 1st at 1.14 net. judgement primarily based on the monthly, weekly charts. things like IV, skew etc are not considered, can they help? what are the suggestions of adjustments as SPY approaches 175 in the near term should the market go up? how about the opposite if the market...

optionatrix youre in the aug2 9th 37p calendar right? why did you say it was not looking as great now? l assume you use charts, to judge this, well on my charts it looked anything but dangerous. l also think its a high potential reward trade (several days later!) why exit so early? when the near...

GregLoehr, the calendar Optionatrix is / was in was 37p calendar, 2nd 9th August? optionatrix said he bought half shorts back (for Aug2nd?), so what did you mean when you said "you can probably roll the short option out/down to the 36.50 strike for 40-cent credit or more and have a risk...

"But you can't hedge a position where the second order Greeks aren't stable" ie when spot delta is zero, and spot gamma is low. can you elaborate? since when is spot delta zero and gamma low in relative terms? do you like using ICs / credit spreads in general?

stevegee58 ICs suck when they go against you, sure everyone agrees! adjustments adjustments adjustments, when? how? why? what high reward:risk directional trades you chosen? l had too many naked writes, credit spreads go against me that l have chosen debit trades instead like calendar, a...

what do you mean by "second order Greeks aren't stable"? so if your book overall was looking shakey and the call side had doubled in premium the put side halved. just close the call side or whole thing or nothing?

stevegee58, l agree it is dangerous, l am not waiting for either side to go ITM l am not bullish up to this Friday 2nd aug well for it to reach 70, feel more likely to touch the 62.5 though deltas didnt read it like that during the trade. so how does an option trader, like yourself, manage the...

newwurldmn, interesting, what parameters do you use to measure pain getting too strong? for you to just get out?

yesterday wednesday 31july, l entered 8 HLF iron condors, 70c 72.5c , 62.5p 60p @0.575, it was a bullish day after gd earnings. looking at the charts particularly weekly it looks most unlikely to exceed to call side. the deltas on call and put side were .228 and .184 at the time. question is...

so tempted to do another calendar on it, as monthly chart looks like more upside, getting late here though 03.34am as l write, gn y'all

appreciate everyones input, l have just exercised since there was no time value in the aug 9th long 26.5call other than a few cents, and l know l'd be paying my broker more for holding the short 100. reasonable decision huh?

thanks for suggestion newwurldmn close the position by just exercising the aug9th 26.5c on monday? I think IB dont charge for exercising, just like if you are assigned. or just sell the call and bb the short? "If you can hold the position the max loss is 16 +- financing costs. " is that the...

I was told by IB that I was assigned, does it not matter what price FB was at when l was assigned, IB just sent me an email on date of assignment being left clueless the time and being told only need to know the exercise price. true? kindly clarify the advantages or disadvantages if l just...

the reg Aug exp having more time being the reason to close now or / and you think its more likely for FB to decline from here? yes agree, calendars round earnings, is something were usually told not to do

im with IB which can be reasonable in commish, tho other times not so who are you with? i am long 26.5call aug 9th as well, it was a calendar, I bought a FB 26.5c calendar on 23July Tues, going long the aug9th and shorting the July26th, at 0.18 total net. actually if closed it now, i would...

thanks for reply RichardRimes just checked optionchain, l would still make a tiny profit if l closed it now, with FB @ 32.9, l may roll it up a little, ie buy back the short and sell a higher strike and take a little loss just now, though thinking about synthetic long put as suggested, opinions?

thanks for reply GregLoehr synthetic long put? so you suggest being assigned and being short FB at 26.5 while still being long the aug9th 26.5c? how could a profit be realised? l noticed l am in another synthetic put, short 40 SPY @ 166 and long a 26july 168call, its time value is quickly...

I bought a FB 26.5c calendar on 23July Tues, going long the aug9th and shorting the July26th, at 0.18 total net. well as soon as market opens today the july 26th going to be well ITM, be great if you can give any recommendations or adjustments that might work? thanks in advance

just google it! loads on it, can use it if more bullish than bearish for eg but i'll give quick eg, if going to do a broken wing iron condor (where the call and put side widths differ) on SPY, eg 163c 170c 158p 150p you'd have to put up 7 points on call side and 8 points of margin on the put...