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is the stock now close to the arrow or to the X ?

what I don't understand is... in a covered call strategy the strike of the short call should be the maximum profit point.. are we talking about the same thing? Or are you writing "CC strike point" while actually what you mean is "breakeven point" ?

This. Any adjustment you make AFTER you already initiated your position will not affect the P&L you had up to that point. 1-If your position is losing before you buy the put, it will likely stay a losing position. 2-If your position is winning before you buy the put, you will just cut into...

but hey, besides the monitor thing, what about the ideas he was posting? Technical analysis 4.0 or was he really onto something? I would like to hear your opinion on that.

If you are in a covered call position this means that you already have a bit of downside protection compared to pure long stock. (and I assume that your position is in a ratio of 100 shares per 1 call). By adding a put to the short call you end up with some sort of synthetic short. For sure...

Gotcha!

anyone got something to say about the other two?

Every time I learned one of those tiny but important details it was because I lost a bunch of $$ on it.

Sry not a native speaker... lol I didn't think there was a specific word for that!

"Sorry I can't get into details.."

"incel"?

while browsing around ET archives, I found out posts from a few strange people. They could be geniuses as well as scammers as well as madmen as well as a combination of all three, I could not tell for sure. A part of me is sending warning signals while a part of me wants to believe (parts of)...

find out who are the smart guys on ET and pester them with questions.

now let's start rounding up the suspects. The butler, the granny next door, and jeff bishop.

Yep currently I have on a wide fly centered a bit below the atm level. I don't understand however the ratio for ratios (pun intended), isn't that supposed to be a structure that you use to take advantage of high skew?

except when you buy them..

SN? Edit: Could it be single name?

The put captures my bearishness and that's fine, however how do I capture my expectation of the skew reverting to normal? That's the conundrum.

..but his profile pic looks so professional!

Hi Robert, in my specific case I am bearish and I am looking at a 45 DTE option chain. Putting up a fly with so long time to expiration basically means that I would be waiting forever before it turns a profit, hence my question about more efficient structures. So I guess the question becomes...