Search results

Cover the long option on a touch of your short strike and sell some calls to get delta neutral. Double up like a man, man.:p ...or be reasonable and try to cover for a modest loss rather than the full boat below the long strike at expiry, but that's just boring.

Not sure if I understand correctly but I used to do this just by updating the latest portfolio info from IB (using their spreadsheet template you're referring to) and copy/pastevalue into a separate workbook for analysis (where I also kept historical portfolio snapshots for comparison - usually...

Try using changes in ticks to calculate the change in $ values - that's a way of normalizing across products and it can be easier to identify how you want to weight the spreads.

Yea, this applies on most timeframes and agreed it's untradeable. It's like saying that when a team is up by 3 TDs at halftime they're more likely to win - of course that's true but any bet made at halftime where a team is up by 3 TDs will reflect that info.

Britspeak for "Isn't it?"....but by avoiding the use of an apostrophe it's also a punctuation arb that Martinghoul is cleverly exploiting.:D

NM. They said there was some bad exchange data being disseminated so orders were capped. All set now. Thanks.

Having trouble since 2pm - can't place orders or get them on the phone. This just me?

I'm with you man.:p

There are various prices here which should help provide an idea of what the basis can be: http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm But I think the key to the physical market is what your 'spot' price/costs are. To your question, yes the spread can be much more than just pennies. hth.

I thought TOS had Prodigio which was supposed to be similar - would that be a good substitute or are the features too different?

When's the next dividend?

Just curious - why did you trade this over the 155/175/195/215 condor? Is it so you can leg out of it over time?

You would get the shares, your broker wouldn't early exercise a long put for you. There's no auto early exercise like there is an auto exercise at expiration. If it was optimal to exercise early, then you should have done so on your long itm put (I'm assuming you meant you held a long itm put...

Here's some info on assignments, and your broker probably has some as well.: http://www.cboe.com/LearnCenter/Concepts/Beyond/expiration.aspx To answer your question, no, assignment of each leg is determined individually. Forget credit vs. debit and long vs. short for a minute. With...

Yea, if your short leg is ITM on a debit spread, that's good, if it's ITM on a credit spread, that's bad. To your point, yes, if your short leg on a credit spread is ITM, that's a real risk, more so if the notional is larger than you can afford to get assigned on. But that's also true for a...

If you're worried about early assignment on the ITM leg, not properly assigning on the long leg in a debit spread is just as much a risk as getting assigned on a short leg of a credit spread. That aside, the reason you'd be more worried about being ITM on a put in a credit spread vs. a debit...

Given you're comfortable holding shares and you think it'll rise back to old levels just wait to get assigned shares and then sell a call at the strike you originally sold puts. That will be the same thing as covering your put and reselling, just with less headache and chance of doing...

I think the point Mav was trying to make was that as time progresses (and the P/L volatility increases as vol increases with time) - slippage/commissions will play a smaller % of your position's P/L. Not so much that slippage tightens over time, more like slippage stays the same but P/L...

DITM options will usually have a wider b/a spread than OTM options - you can look at the synthetic (long stock, long otm put) to see if it has a tighter spread. Additionally, spreads are wider at the open, so it might make sense to wait 5-10mins...personally I like waiting until the first...

I enjoy Pinkman's journal since I can identify with some of the success/troubles of trading crude in the manner he does. I'm also addressing this point because it's the actionable advice I got from your post and disagree. Empirically, a tighter stop does lead to increased odds of being...