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Question for anyone.. back in the day when these firms existed (or maybe SMB/cutler today) besides JBO and portfolio margin, what did these firms offer the options trader over a current TOS or IB set up ? thanks

guys, selling calls ie: taking in some small amount of premium, is never going to hedge a long position in the underlying (or similar) if "it never comes back". You are taking in a fraction of what you will be losing. If you are not confident in your underlying long (uvxy) you should sell the...

@marsman..with all do respect, I think you have to get your OTM vs ITM straight in your head before working on the probabilities !

@i960 and Mav74...good info, thanks

@Mav74. Do you have a minute to comment on my question in post #33 an #37 ? thanks

Actually, the short strike exit is very practical and has worked well limiting my loss when vix has spike as in August and Feb or when I have just been flat out wrong on my directional trade. Again, my short strike is outside of the S/R line. If that level is broken I usually do not want to...

No steam roller, they're spreads exited at short strike if original directional opinion not working out. More interested in people's thoughts on spreads in a high(er) IV/vix environment...thanks

Hey all. First time post..Question concerning selling SPY credit spreads in an high IV/high VIX environment... I came through Aug '15 and Feb '16 ok by taking my loses at my short strikes on my open spread positions on the put side ( I use TA and some st fundamental and set my strikes...