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Spindr0... you actually gave me an idea worth pursuing... Perhaps it would be best to combine a backspread with a collar. In other words, if I have a long position. I would enter a put backspread and a wide short call to help offset the potential risk associated with the backspread. Any...

I not sure if I understand your statement... are you saying that many folks who are long don't care to hedge against a drop in the price of their position. In other words, if I long IBM, then I don't care or worry about the price of IBM falling, especially in a material way?

A fundamental problem with using puts for a static delta neutral hedging is the cost... This is an extremely expensive way to protect your profits over several months. That's why many would enter a collar, to help offset the cost of the put. However, it's perplexing to me as to why not many...

It seems that a backspread would be best... the cost of the 2 long puts are covered by the 1 short put. Of course, it's critical to keep the positions about 1 strike apart (for the spy 2 strikes apart would be reasonable). Walt

With Steve Cohen's traders having a 50% - 55% win rate, what type of risk:reward is associted with such win rates??? If the r:r is 1:3 or 1:4, then any trader would be extremely desirous of even a 50% win rate... 50% win rate with a 1:3 or better r:r equals VERY WEALTHY!! Walt

Veyron... are you o.k.??? Please seek out a local church and talk to a wise minister or elder... Please know that there are people who care and can help...

Would you recommend those books by Larry Connor? thanks, Walt

Why would Veyron show a Demo account from 2006 as proof of how he's dominating the market today? Furthermore, it's obvious that he may not understand what is meant by "exercising" an ESO. It's clear that he believes that exercising an option equates to liquidating your option position. Now...

short ATM straddles 3 weeks out... cover at 2x premium or 20% return on margin or... ATM bull put spreads Depending on maket conditions...

I've been using them for a couple of years... no complaints; however, I am interested in knowing if they have a reputation of documented "crooked" or "unscruplous" practices...

Any thoughts on InterbankFX (IBFX)....

I was not complete... ITM IC = short wings OTM IC = long wings

IC - short the wings Reverse IC - long the wings

I agree that your example is snythetically equivalent. The only difference in your example is that with one scenario you'll have a debit (debit spread - Reverse IC), whereas with the other you'll have a credit (credit spread - IC). Although the bid/ask spread is wider, typically you'll save...

the high delta would be a benefit for the leg of the IC that's favorable. Walt

This strategy may be best right before earnings (even with ICs several months out) because I'm more interested in movement of the underlying asset than the premium. Any benefits derived from time decay would be "icening on the cake". Walt

Much better risk:reward ratio. Btw... I would enter the DITM IC at least 3 months out or longer... The plan would be to enter a rolling 12 month DITM schedule, starting 3 mths out... Walt

Most strategies involving IC that I've read, assumes OTM or ATM IC spreads. I'm considering DITM Iron Condor spreads on the RUT (or other European Style Options). Perhaps it would be worth doing it with high IV stocks as well. It's seems to be a high probability, low risk trade... Any...

For me it's easier to go after volatility or a breakout of a range with limit (not stop) orders, instead of trying to determine the direction of the asset/market... Please reference the thread entitled: Pabst on Trading Success, by Marketsurfer, as he has a hyperlink to an article in Trading...

What do you consider to be "greener pastures"??? Walt