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You're not expecting the APR montly to lose much vol after earnings? That is my primary concern. I'll still probably make a decent profit. I just dont wanna lose 20+ vol points on my long options... That would suck.

I just realized the APR vol is quite elevated too.. Silly me. I'm thinking about adjusting a little by selling the APR exp and buying the May Expiration instead. I'll still be short the weekly expiration...

There's nothing to back engineer lol. Just see what I originally posted. The other thread discusses it too... Very similar to a calendar that atticus has mentioned to You before. Except the strikes are a bit further apart. And then i add the straddle to save my ass from large mad moves...

I only use paper trade but from the times I've spoken to the tech guys, I was told the spreads are direct access. No reason why it shouldn't be

Yea. That's correct atticus. Apparently its called the Tarzan does Jane trade. I like the risk with it. Not scary

Yea its earnings Fings crossed

GOOG double diagonal +640 C / -635 C / +625 P / -630 P 10 lots The long options are all APR exp. Shorts are weeklies. And APR straddle struck at 630. 2 lots Lets see how this one works. If I see healthy profits, I might close it on afternoon of Earnings too... let's see...

I typically only get directionally biased calendars going into earnings. A week or two before EA I close them because I'm usually content with my profits. Because my account size is small, I trade a whole bunch on TOS. I never really thought about this new recipe with a little touch of a...

Yeah the risk graph looks quite juicy!!! Thanks spindr0. I think I get the gist of this setup...

Wow, now this is an excellent thread! I'd love to know that too. Damnit, too much partying last couple days, gotta get serious now.

You had me at chart patterns.. next!

So you enter into a Calendar first, then see if it goes your way for a few days, then enter into the rest of the legs?

No. Cry me a river

There's numerous ways to do it but I'd stick to excel.

not sure why you need excel. I mean it's nice to know. All those graphs can be generated from your software. But I havent used Excel for trading other than to upload specific watchlists to TOS and that's something you really don't need to learn. It'll come with time...

It should be fun just paper-trading it.. I think I'll try that and see how I cope with it. Anybody with suggestions on any particular underlying at the moment? Specific strikes and lot sizes would be appreciated.

I think I'll keep it simple and stick to setups that are easy to understand and hedge. The more complex you get, the more pain. Tarzan can do Jane all he wants. I'm not dealing with a messy buttcrack...

I just thought it was a regular double diagonal. Hence why I thought it's like a calendar. I should have read that posted risk graph better. The catch is that it has those extra long wings(especially a bit more on the puts) Interesting set up but boy is it expensive on the commissions...

Calling yourself an atheist and demanding proofs from climate scientists about whether or not AGW is a fact or not proves you're not educated enough to understand what they're saying. If you are in fact educated, then it shows you're too lazy to go and look for the facts thereby rendering...

This "buttcrack" trade is just a slight variation of a calendar. A double diagonal/ Tarzan does Jane trade etc is just two calendar spreads.. Could someone explain why this would be different/better/inferior to a calendar? I mean the idea's exactly the same in both- you need IV to rise...