Search results

Update on Calendars in play: WFMI:mad: frustrating...a winning play that has become difficult to manage-down again today the March 70 short put is close to no extrensic value left leaving me vulnerable to getting put to so decided to roll and ratio. BTC Mar WFMI 70p- (10contracts)net debt...

If you understand the basics of options and volatility (the greeks) then reading coach's thread spx credit spread from the beginning is an excellent resourse on the OTM IC..probably the best since most have included real time postings and adjustments etc. If you need a better understanding of...

your doing a hellofalot of trades...I don't qualify (or at least I don't THINK I qualify) for their broadband. I only do abt 4/5 trades a week...I think:confused:

I see what you are saying...legging in cost you rather than helped you

Thx for finding the thread Nick..I remember it..hey IV_Trader plz feel free to post any RC's you might do coming up. Your style of trading does't really lend itself to real time posting and all the follow-up required but anything you have to contribute will be much appreciated. One main...

I asked nicely:p actually the 1.25 is on a minimum of 10 contracts...which is what I usually do...its more if # is less..I just don't know off hand. Also I'm switching an account over from Brownco and they will give me brownco's rate which was really good for 1-2 contracts which in that...

So do you run scan's that look for earnings...etc or looks for changing vol? do you ever do diag? Why don't you like the RR for TASR....btw thanks again!

so pretty much as described...looking for news or anticipating earnings/news whatever then bang your on it late in trading with the expectation of drop in IV of the front month but not as much in back month then next day? Thanks IV_Trader ....but are you doing this as a retail trader or pro/prop?

ok...I get it...your doing it as a straddle/cal but if it is a reverse arn't you looking for IV greater in the back month?

how long would you hold the short? Also in the last two years we have had very low IV so I could see it working...however if IV does start increasing is it not so good for the RC?

Did you actually try it? How did it work out? thx donna

ACTUALLY...I get 1.25 per contract NO ticket charge and NO charge for unfilled cancled orders which as a woman I'm prone to do...a lot:p

I think there are real problems with trying to do a short cal for us retail traders. 1st- we CAN'T...it is illegal in my IRA and the margin in a regular account is almost prohibitive. I believe both Mav and others agreed it can only be attempted in a prop or where you get that strange...

I re-read the link and have summarized the relevant portions...again thanks to the posters:) -Calendar spreads need a fairly stable IV . Good to use in a market with rising vol. Prefer near month slightly higher than back month. obviously need a roll or two. -Cal spreads are not the best...

your max loss is .80...big deal? no? I mean thats seems very good R/R

The problem was in my case I misjudged what my credit was...thinking I was already ahead I closed the 1195 then bought a 1190 for significantly less...netting only a .10 positive credit on the second 25 contracts...after a certain amt of time you really do give up too much THETA to make a good...

same to you:) I'll be watching...I'm still not comfortable with B-flys

Well...for those of you interested in the legging in aspect here is an update/summation of my March credit spreads: Feb 2 BTO 50 spx 1175P @ 2.10 -10500 Feb 8 STO 25 spx 1190P @ 3.60 +9000 Feb 14 STO25 spx 1195P @ 2.95 +7375 Feb 14 BTC 25spx 1195p @ 1.90...

Hey Ambush I agree with you abt the general quality...when I first came aboard ET I was very disappointed in the level of discourse and wasn't sure there would be much info to be mined but what I've been doing...when someone who has been around says something intelligent:D I look thru their...

Hello Dollers hasn't posted since last year...but the conversations between He..Mav and ChrisM very good imo