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Did you close your 770/760 and 740/730 spread? Since your condor has a good r/r, will you hold it till expiration (the normal trade management for CTM spread, imo)? I don't want any argument, but just want to learn how you manage your trades.

I have traded verticals for 6 months now after I learned from Coach. Even with low vol index, I got pretty good return with reg-T margin.

Mark, I don't quite understand your opinion here. If he got 7.30 with a risk of 10. It is a good risk reward ratio, even his short has a higher chance of expiring atm. This is the characteristics of CTM vertical. Am I right?

I think even with reg-T margin, vertical still has an advantage over collar. Should check it with OptionCoach, the vertical expert. :D

The jan issue of SFO has an article on collar. In the article "Loosen your collar", the author stated that put spread was equivalent to collar, and implied his modified collar (vertical spread) is better than the traditional collar.

Mark, Perhaps he got a credit of 5 points for his spread, and so he is very comfortable for now. We should ask how much credit he got for his spread.

The Feb put spread is my first credit spread for Feb profit. This is only one of the many spreads (verticals and diagonals) I will do in the next 2 weeks. I don't see any reason to worry about it now. I believe RUT is not in the downtrend yet. I too only trade RUT. If RUT stays within...

Mark, You are right. The bid and ask didn't change with my order sitting there. I am still focusing on RUT as it gave me pretty good return for the last several months, but this market situation will significantly reduce my return. Wonder if it will be better with er2?

Mark, The fill for RUT is tough. My feb 730/720 put spread got filled at 0.9 when the mid was 1.1. It was 20 cents more than the mid.

Coach, Thanks for the info. Just checked and it is a good intro for futures and future options. To see if I can apply the same spread strategy in future options, Let me explain the way I will go. 1. Suppose I like to trade a diagonal SPX Jan x/Feb y call spread, where x and y are...

Jeff, 1. I think we just have to be aware of the underlying futures based that the options are priced especially if we are trading time spreads. 2. Future options are settle with future contracts except at future expiration month. Please let me know what else we have to consider as...

The article mainly discussed the difference between span margin and reg-T. It said you can get higher leverage and lower commission trading future options.

Coach, Thanks a lot for this wonderful thread. I have learned a lot in this thread. I wish all of us will have a bigger success in the coming year, and continue with the original spirit of this thread - discussion on trading strategies. No more fights nor personal attacks. :D

A penny a share is too high unless the group is going to provide you very good training. Most groups in Assent offer no training at all. I assume you are a new trader. You should find a group in assent or other firms that is profitable and they are willing to teach you.

There are many ways of trading diagonals. Sailing is more a vega play, and Mark theta decay. While Mark closed the credit diagonal when he has good profit, I normally add more diagonals for more potential profit, and/or convert profitable diagonals to verticals. Decemeber is a good month...

I have been doing multiroll diagonals since August. I asked similar question before in this thread, and Mo responded with a link of an article from tos. You can search for it in the tos website.

Got filled rut 730/720 put spread @0.65, but no fill for call spread. Will try to fill call spread again tomorrow.

sto rut jan 730/720 put spread @0.65 x 5 bto rut jun 950 call @ 2.5 x 8

Coach, Why don't you look at call spread if you expect the market going lower?

yesterday got these orders filled. bto rut mar 860/jan 820 call x 5 @debit of 1.6 bto rut mar 740/jan 760 put x 5 @debit of 3.0 btc rut feb 680 @ 2.2