Search results

  1. E

    Urgent Message From Rennick

    Helluva call today Rennie.
  2. E

    Housing Rolling Along 2

    I seem to recall that Katrina crossed Florida as a Cat 1 and was expected to die without causing much damage.
  3. E

    Double Diagonals V's Double Calendars

    Can you give a few more details? Let's say you put on a call calendar. If the stock moves up do you add a put calendar or another call? If it moves up again what do you do? Same thing for starting with a put cal and the stock moves down. Thanks.
  4. E

    Lehman says oil prices have peaked

    I think Lehman (or is it Lehmon) has also peaked.
  5. E

    Urgent Message From Rennick

    That's a hell of a guarantee they have:
  6. E

    'Old Money' Not Buying Repossessed Yachts As They 'Used To Do'

    At least you have a paddle.
  7. E

    $13/night Orlando, $22/night Vegas...

    Hell of a decision if you live in Detroit: Fly to Miami or buy a house.
  8. E

    spread trading?

    From the website:
  9. E

    Urgent Message From Rennick

    What happened to Rennick and his balls?
  10. E

    Negative Theta Options over Weekend

    I think you are on to something. It could be the marketing breakthrough for the next 5 years or so. TIRED OF PAYING 2% OFF THE TOP AND 20% OF PROFITS? TIRED OF HAVING YOUR NEST EGG DISAPPEAR WHEN YOUR MANAGED HEDGE FUND CLOSES DOWN OR LOCKS UP YOUR MONEY WITHOUT NOTICE? RUN YOUR OWN...
  11. E

    The Darkest Storm is About to Descend - You Can't Imagine the Carnage

    Normalcy is housing priced at 3-4 times yearly income. We still got a long way to go down.
  12. E

    Negative Theta Options over Weekend

    I'm pretty sure the MMs start adjusting for the weekend at the end of the day on Friday (or Thursday if the market is closed Friday). I think this was mentioned by the speaker at a TOS seminar.
  13. E

    Using index ETFs for delta

    Yeah, I realized that while I was eating lunch, but you beat me to it. And thanks for not pointing out my math error. But the position still has limited upside from the covered call, and unlimited loss on the opposing stock, just like a naked short call. And thinking about it further, we...
  14. E

    Using index ETFs for delta

    (Using ballpark numbers based on today's values.) OK, let's say you bought SPY at 125 and SH at 70. Sold SPY 126 call for $3 and SH 71 call for $1.50. At expiration SPY is 135. You net $4 on SPY, you keep the $1.50 on SH calls, but (assuming 1:1 ratio) you are now down $10 on the SH shares...
  15. E

    Using index ETFs for delta

    Retirement accounts (IRAs, etc) are cash accounts, no margin.
  16. E

    Using index ETFs for delta

    It could be an IRA account.
  17. E

    Using index ETFs for delta

    I guess I didn't explain it very well in the OP. Let's say you put on a collar on SSO consisting of 1000 share of stock, 10 long Aug puts at 57 and short 10 calls at 61. Now th stock has moved to 61.44 today. TOS is showing me that the total position delta is 221.70. If I wanted to get the...
  18. E

    Using index ETFs for delta

    How would you do that?
  19. E

    Using index ETFs for delta

    Now that there are long and short ETFs in the major indexes, is it legitimate to use opposites to adjust your deltas? For example let's say you have some combination of options in SSO (Proshares 2X long S&P500) that has a total position delta of +100. Would it work to buy 100 shares of SDS...
  20. E

    What will the bail out of Fannie & Freddie cost the economy??

    The fact that the Housing Bill also raises the debt ceiling by $800 billion might be a clue.
Back
Top