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[Is it a good candidate for Diagonal put spread ot profit from raising IV. QUOTE]Quote from momoneythansens: Looks like neither a calendar or straddle to me but I have been fooled before by words written in black and white so don't take my word for it.

Coach, Do you have any diagonal spreads (sep/oct) on SPX.

Sailing, Can you share your diagonal trades for sept. I want to follow them to see how they work. I want to paper trade this month.

I am doing analysis on this SPX trade. Sell ATM straddle - July 1225 call and July 1225 put buy OTM strangle July 1310 call and july 1120 put. The total credit = 49.00 and Margin is 5K. Max loss for this position is about 5K if SPX trades outside range. If it trades between the...

Optioncoach, I have credit spread - 20 SPX 1225/1210 . It seems there is strong resistance at 1235. But , the futures are off by 5 points. SPX will open below 1235. I think I have the following options 1 - Close the spread and take a loss of 4.00 per spread I tried to close the...

I have credit spread on SPX 1225/1210 . It seems there is strong resistance at 1235. Here are the following options. 1 - Close the spread and take a loss of 1.25 ( 1.75-.55) per spread. 2. Convert into B-fly. ( 8.40 - 3.10 ) by buying the debit spread for 5.30. It seems to be...

Hi, I like this position. Even the vol drops and increases a little. there is not much risk. This position will not have short gamma risk. Is it covered in TOS seminar.

I was playing with Theo price on SPX strikes from 1255 to 1235. How accurate tos calculates. I have a short strike at 1225. We have six days to expiration - including the weekends. My understanding is that theta of weekend will be reflected in the Friday option prices. Is it true. As move...

Rallymode, I am still in my credit spread. I have been watching SPX every few mins. MM seems to keep bid/ask very wide even for the options that are far way. Maybe because of volatity. Feels safe now as my short spread (1225) is about 30 points away. I want to get out of the trade...

rallymode, Thanks for your advise. I am also looking at that option. surprising Dow has recovered. Hoping that it is closes positive. I want to wait for one more day.

I guess I have the following options as my short strike is about 10 point away. 1- Convert to B-Fly Buy debit spread 1240/1225 - Costs around 5.00 sell another credit spread 1175 - 1150 to offset the cost . But Additional risk. 2 - Close the spread for a loss of 5.95 3...

I have a credit spread SPX 1225/1210. Converting into B-FLY seems to be expensive. 1240 - 1225/1210. I can roll it higher . But I am not sure if I can get filled faster. Any ideas.

IV Trader, What is the real IV for the options in the last week of expiration. Is there any model to follow.

Marvell is reporting earnings on 18th May. IV is 85%. Vols will be dropped to 50% after the report. The stock went up a little after the earnings reports last 3 quarters. How can we play this. Can we play combo to fly conversion . Is it too risk to play May options just before expiration...

There is FDA annoucement on this stock today.How can we play this. Stock at 54.31 IV is 120. Can we do Reverse calendar on this.

IV trader, I agree with your analysis, If I convert into B-fly. I will have no loss even if the stock trades out of my range 120-90. I may have some probability to make some money. I am expecting a small correction in SPX/ISRG.

I sold 105 ISRG straddle for 17.00 I am planning to convery to B-fly by buying straddle 120/90 for 7.00. The total cost for this B-fly is 10.00 ( credit) . The Max Loss for b-fly is 5.00 if the stock trades out of the range 120 and 90. I will wait till monday. If the stock drops to around...