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Mo, IMHO, one of the most important feature that is missing is the look-ahead risk confidence. As a risk manager or trader, you need to be able to measure your risk with probability, and the possible reward with probability, and adjust your leverage based on the risk confidence. [edit] I...

Murray or Mo, I have shorted both Rut 760 put and 760 call (of course hedged with other puts and calls), will you close both of them tomorrow before market close or will you take the set risk. it seems that the market might gap up or down everyday (really unstable). I am at a point of...

Contacted TOS. They said they didn't hold my order. The exchange (cboe) did, and they said it is legal for the exchange to hold my order. Is it true? I thought they have to show the best bid and ask!!!

The quote appeared 10 minutes after my order is entered. I am now submitting a cancel order.

I have a question regarding TOS fill. I have an order opened for some time to buy Rut Jan 900 call @0.6. The system shows it is working and submitted to cboe, but I don't see my order reflected in the bid and ask (the bid/ask is 0.55/0.65). Is TOS holding my order or what?

Mav, Do you think we will get similar leverage with this new portfolio-based margin when compared to haircut?

I was lucky. I thought about making adjustment because of the pre-open future action, but I had to take my kid to school. Just come back and I am back to green. My call diagonal is too deep in the money (short strike is 760).

Good time to write put with a pump up in vol.

close one of my call diagonal oct 770/dec 790 at a credit of 10.6. Initial debit is 6.45. a return of over $4 with a margin of $20.

A nice pullback today for your call option. No need to roll!:p

Your cross-margined hedges can only be applied for proprietrary traders using haircut!? I also discovered a proprietary way of controlling the risk this month. :p Mav will be very happy as everyone is going prop. This will be a proprietary trader journal. :D

Can you explain your 6x9 call backspread? I also sold a put spread to move up the upside BE, but obviously it will move up the lower BE as well. Now my BEs are 750 and 776, assuming the current vol. [edit] I cann't do any backspread as I have consumed all my margin trying to hedge the...

With this change, can anyone compare span, haircut and the new profolio-based margin?

Murray, How about your RUT positions? Did you hedge, roll, or add Nov/Dec positions?

Just buy some calls to hedge against the upside risk.

Even without meeting Mav, I finally agree that +gamma is less risky.

What a coincidence. I also added more gamma to push my upside be point. Will add more dgamma if it continues to move up on Monday.

I got a multiroll call diagonal, Rut Oct/Dec 760/800 call at a debit of 1.0 Now RUT is around 763, and the diagonal price at 0.4. How do we adjust a multiroll diagonal? At what time should we roll it? Any suggestions?

rut was so strong that it passed my short strike (760) of my call diagonal. I don't want to lose the weekend decay so I longed 790 Jan call to reduce my delta/gamma risk.

Coach, Be aware of the effect of the vol drop for your cross-fly.