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This strategy is the flip side of an often discussed strategy in this forum. Use search to look at gamma scalping. All you are doing is selling premo and using the underlying as your hedge. Prev posts by iv_trader and riskarb and maverick are great places to start.

As u study ACd, never forget that the main practitioners of ACD were floor traders who pay very very little in commission when they flip back and forth from A up to A down ,etc. Furthermore, the post of Pabst regading the evolution of RTH to 24/7 has a pretty material dilutive effect of this...

It's been a while since I brushed up on iron condors but are they not 4 legged positions which mean u need 4 cells to contain the OPRA symbol? Unless you mean a cell for tos|bid|opra, tos Ask|opra,etc. Then u can use tos| mark|OPRA instead of bid/ask which cuts it down even more. Your...

spindr0 and optioncoach, I mispoke. You are both correct in that the back month is treated as naked which has higher margin than other strategies. I have risk based margin thru my firm where I can put on Rev Cdrs very cheap vs. retail margin accounts. That is why I said it is a margin...

Main prob with rev calendars that most retail traders can't put it on since a regular reg T account won't allow short back months.

Are there any traders out there willing to share some insights on trading vegas. Most of the time, you hear traders putting on positions which take advantage of decay thru flies/condors which is vega flat or take on positive/negative deltas like verticals which is also vega flat. I don't...

and prepackage option strategies into neat little rules is not advisable. It all depends on the iv levels, the diff of iv between months,etc. In that example the nearest option with 3 hours to expire would have the highest gamma so if the stock moves from 23.5 to 25.5 in 2.5 hours, your ATM...

In this hi vol environment, your best bet for a bi direction move is a double fly as suggested earlier wherein your peak on either side are your up.lo targets on the sp. The hi vol ensures that the flies are cheaper than in a low iv situation. the prob w this dbl fly is that if the mkt goes to...

Danbury ct mall packed... i don't get it either...

Pascal's wager....look it up.

Look it up.

Hi. I have an account with IB and with a pro firm. I have been experimenting with options spreads-calendars ,flies,etc where I enter a limit on Ib and an identical limit with my other platform from Merrill. I've been doing it past 2 weeks and find that out of the 20 or so orders I've put in, the...

kut, i agree w you on the cronyism. Bush telling us that "Brownie, you are doing a great job"FEMa/Katrina infamy) makes me sick. You can even throw rumsfeld, rove into the mix for good measure. But you can't equate executive experience in running a campaign with a budget with running a...

When asked about executive experience Obama said his campaign has a bigger budget than Alaska's budget. That might bite him. There are no competing interests in a campaign for everybody drinks the same coolAid. Try running a town where even stupid decisions such as what amenities to put in a...

kills 3 birds w one stone. 1. shores up the right wing 2. picks up 1/4 of the hillary vote. 3.contrary to these pundits on CNN. I think it forces people to think about the experience issue... hmmmm. Should I vote for a ticket where the # 2 has a thin resume or where the # 1 has a thin resume.

First of all, Mr. Prudent buyer probably won't be privy to his neighbor's finances. 2nd. He also probably does not base financial moves on whatever neighbor does. 3rd. He also values having a good credit score which gets shattered with this "bailout deal". IMo, the big part of this bill is...

That rule has been around for a long time. This code portion just loads up the spread order onto TWS where I have to manually hit the "T"ransmit button . I just find TWS combo order modules too cumbersome ( I have to manually enter the strike prices, the months,etc. I just want to enter 2 legs...

Hi. I am trying to submit a calendar equity option trade using the API and have been getting 2 kinds of errors-duplicate ID which is strange because I increment the id every time I submit an order. In addition, I also get a " security definition not found" even though I get the contract ID from...

Hi. I am trying to submit a calendar equity option trade using the API and have been getting 2 kinds of errors-duplicate ID which is strange because I increment the id every time I submit an order. In addition, I also get a " security definition not found" even though I get the contract ID from...

Without considering the debit/creidt of the entire package, the risk would be a stock gapping up or down slightly and meander there for weeks. It would move away from the sweet spot of the fly and it would be in the dead zone of the backspread which is between the bt and sld strikes.