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Bad luck on the hit. Should be OK with this one after a pullback, though it could be close if last week's madness continues. Good luck!

Well I'm sad and pathetic enough to come here at this time to respond. Basically, you've unwittingly (or perhaps not) stumbled upon the "great divisor" when it comes to option trading practitioners here on ET. At least based on my observations. Assuming you know that for every credit...

LOL. Ahhh, how well you know your fellow ET members! It doesn't matter how many disclaimers you put in your posts or how well you think you've covered your bases, they'll find something to moan about...but we love it! Again, good luck with your endeavour. I look forward to it.

So, this isn't your actual account but it's not paper trading either? Btw, what do you consider aggressive growth? Another options trading journal...must be a sign of the times. The more the merrier. Good luck! MoMoney.

Grrr...he always comes and posts as I'm typing mine.

Yes, good call on OIH so far btw. Bounced off 145 to close at 150. Don't normally post my own trades as I'm waiting for my own journal to do so ("Disaster Trading Inc." is my working title) but I'm keeping you company on OIH. Looking to convert by end of next week latest though, don't know...

Apologies if I came across as being rude, not my intention. The "recommended book's" question comes up every couple of days but you were not to know! That decides it. Simply suggest you get out if you don't know. Not sure it's wise to listen to the directional recommendations from anonymous...

beaten to it again...

If you have a directional bias then I'm not sure it would make sense to subsequently convert into a fly. If whilst holding the ratio spread in inventory and circumstances changed and your sentiment turned neutral then a conversion could be warranted but to put on ratio spread specifically...

It's been covered about a gazillion times before, but since you asked, recommended reading: Option Volatility and Pricing by Natenburg Options Trading: The Hidden Reality by Cottle (updated version of Coulda Woulda Shoulda) www.riskdoctor.com I wouldn't pay to attend a seminar...

Not sure coach is around today, so you could be waiting a while for a response from him. In the mean time: Since you know what a BOX is, you'll also know it's a locked position. You'll also know that it's equivalent to being long synthetic at one strike and short synthetic at another. In...

Just wanted to say, good luck with your trading and this journal! MoMoney.

Do you know what a conversion/reversal is? lol

Just curious, why the need to attend eight times? MoMoney.

Phil, What's your position sizing approach for these? riskarb has suggested 2 lots per 10K which sounds fairly sensible to me. Are you taking a different approach? EDIT: I see you've also gone slightly bullish on the OIH combo. Though I don't know when you put it on. Reasons? Not worried...

Go away for a few days and miss the whole riskarb and coach show... I have given up playing GOOG other than long! It did look tempting to short vol end of last week though so you are forgiven. What are you using for VaR? Are you looking at beta-weighed delta's for the hedge? Not...

Riskarb, Planning anymore combos today/tomorrow? Or all set for Feb and waiting for conversions? MoMoney.

Bought or sold? Long the wings, long theta, short vega, short gamma i.e. you want it to sit still and vols to collapse? If so, you must have sold the iron condor (for a credit). Otherwise, if you bought the IC, what was your reasoning/sentiment? Good luck either way. MoMoney.

Good call IV.

You're absolutely right of course. Just shining through with my overwhelming ignorance :) Can't see a time I will have access to risk-based haircut myself :(