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True. I just don't like the premium i'm paying for the calendar spreads at least when I model them. I'll take a look though.

Trying to wrap my mind around a couple issues tied to this. Shady broker organizes a pump and dump on a penny stock promotes in on message boards yada yada yada in early and out on top. My understanding this is illegal. Is targeting a known short the same thing in a directed way? In some...

because of exercise risk and assignment fees? you're probably right.

looking for an inexpensive way to get in with a high PoP.

Just throwing this out there as an idea. I'm probably missing something with this and I'm sure getting filled would be a bitch at the moment so this is probably irrelevant. With crazy high IV the deep ITM call and put spreads trade in odd ways. Trumpification of the options and what not...

Why Atlas I think you've shrugged. Come on now.

what did you pay for that bad boy with the IV off the charts? I'm thinking of picking up a put spread.

I've got a defined risk position on and keep getting goofy buying power numbers. Haven't been assigned. blips and goes back to normal. odd.

For me any undefined risk trade I'm not doing with the day job. This hypothetical strangle is a good example of why not.

yikes. Roll up the put I guess recapture some and hope it pulls back. Either take the loss or roll the call at expiration and hope for sanity. Not wanting to quote Keynes and something about markets can remain irrational longer than one may remain solvent.

I'm in the same boat. The day job is the primary income and takes my focus. Too many meetings to sit through on zoom and travel every week in a non-covid times. I've gravitated to trading weekly flies in a basket of stocks. Put them on early in the week and carve out some time on Friday for...

Curious as to what you're reading? I have a shelf full of option books and am always looking for more to read.

I had no problems on TW. Worked fine.

Week 3 Added the following positions this morning. RIOT 1:3:2 20-25-27.5 Call Fly @ $1.10 C 1:2:1 62-65-68 Call Fly @ $0.32 DKNG 1:3:2 52-55-56.5 Call Fly @$0.68 X 1:2:1 18-20-22 Call Fly @$0.57 CAT 1:2:1 190-195-200 Call Fly...

Soybeans took a nice dip on Friday. Was good for my straddle.

Reading through your posts I'm thinking you are one of those guys as well.

So are you using this set up with a slight directional bias and target for the underlying? If you're doing 1:2:1 this is leaving you with 30 delta long or short? Is it the wider profit window that makes this more attractive?

Thanks for putting this together. Very insightful. I'm looking to add more calendars to my trading strategy. Have been looking for set ups where the front month has a IV that is at least 15% higher than the back month. Do you ever trade these in a calendar campaign strategy where you have...

Very interesting. That's quite a project. Right now I'm working a strategy based on pinning and OI using flies to short the guts at the high OI. These are usually 2 to 4 day plays with a directional bias. I like longer DTE ones around earnings broken wing put side to collect a credit and...

I fell you. I'm in the same boat working a weekly fly strategy. I'm trying to develop the patience to ride them out to expiration and have better exit strategies.