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UGLY Friday. Was too busy for an update here, but I ended up rolling the puts back down to 1500. Took a bit of a bath but still well below my stop-loss and looking better now. Hoping RUT hangs out in this area for a bit while we wait for a catalyst. I definitely have been "in" this trade a...

Closed the 5 1490/1510 verticals when we approached the high again after Fed minutes. Maybe a bit premature, but the selloff EOD made me glad I did. They served their purpose, and the position closed at a nice delta neutral after they were sold. Feeling OK hanging out right here for awhile...

So made an adjustment today, moving the fly right back up to the original 1540 body. My vega was on the verge of turning positive, and from a charting perspective, it really looks like RUT is trying to retest its previous high in the coming weeks. If it hang out too much between 1550 and 1600...

Uneventful day. Pretty flat. My position remains right around the far right side of the profit tent. Delta is still very reasonable and vega is still negative, so I'm going to stay put for now. Any more upside is still hedged, but I'll be on the lookout for vega turning positive in the next...

Well the RUT bounced right back up to 1540 where my original shorts were, go figure. Still, the call has me protected on the upside, and I'd rather be flat P&L with the possibility of an upward adjustment than had to have dealt with a $2k draw down (and the unknown of more downside) last week...

No adjustments necessary today.

1) I don't have mechanical settings for the trade, it's not meant to be setup that way. There are loose guidelines revolving around the greeks, but the guidelines were designed by Locke (so he says) to encourage people to actually learn to trade and not blindly follow rules. The "graduate...

Yeah that's an all too common risk, which is why barring VERY optimistic market conditions, I will probably bail out of the trade around the 21 DTE mark so the gamma risk doesn't become too excessive. I'd rather miss money than lose money.

Not such a snoozer today. RUT futures down 2%. My delta is positive 33, which is high but not critical and normally wouldn't merit adjustment just yet, however my t+0 line is showing significant downside risk if the selloff continues with the same intensity. When evaluating a roll down of the...

RUT is down 2% today and you were right. I'm in the red by about $600, which according to yesterday's NewVar model shouldn't be. EIOIO on the other hand had me in the red after a 1% drop, which is definitely more accurate. Thanks again for the insight, it saved me a few hours of work figuring...

Snoozer day again... Greeks look good: Analyze graph looks good: The downside gamma trend is a bit concerning if we do have a 2-3% drop over the next few days, but nothing that can't be handled. NewVar model shows no losses until a 3% drop in price, however... EIOIO model shows no...

Could not agree more sonoma! I only check the position once at 2:00 CT, and even then, I give the position a pretty wide berth as long as major moves in either direction don't kick my butt. I get that no models are perfect, they are just that, models. I would just like to use the model that...

So in messing with the models, you're right, the EIOIO model does paint a more grim picture to the downside than the NewVar model. There isn't much about the debate online, other than some other message boards talking about the difference. The consensus I gathered was EIOIO seems to be better...

Ah, thanks. Still $1.40 a round trip for 100 shares, but that IS less than $1 per trade.

Even when trading 100 shares at a time??? Where?

So a lot of your videos have your P&L at like $20. Besides the fact that you're probably better off working AT the companies your trading (you'll make more money), let's assume you're trading small to learn. Even with a discount broker like IB that charges $1 per 100 shares, it still seems...

I typically check my position around 2:00 CST every day, about an hour before market closes. I chose this time because it usually has allowed whatever agenda Mr. Market has for the day to play out, but gives me enough time to make adjustments and not get hosed on price. Today looks nice and...

The model suggested to me was the NewVar. Can you expand a bit on why this model would suffer in a large down move? Agreed about the lack of a seamless transition from OV to broker, it's not even worth my time to use. Luckily, I don't anticipate having to make too many trades, ideally no more...

Eh, not for what I'm using it for. I tried the TOS analyze tab, and the OptionVue setup just felt a lot cleaner. OptionVue also insists it uses a more accurate model of analysis to make the greeks more precise. The other thing I like is you can visually analyze the ENTIRE position of any...

By all means clutter if it's a valid premise and thought process. I want people to say what they think of the trade and my thoughts on it. Need to learn.