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Tyler, I'm going to say what everyone else here is too polite to say - you're a fool if you trade this way. 1) no system 2) No capital 3) 20:1 leverage 4) already in debt - i.e. trading with loaned $ Someone gave you 1000:1 odds - that's generous. You'll get raped. Get a job and get...

Sorry, I was out of town for the w/e. I'm planning on closing the position at Sept expiration.

I may have been unclear. What I meant was establishing a neutral position in equity XYZ when it's volty is low. If Volty drops lower, add another neutral spread. Sell when (if) volty goes up. Kind of like buying pork bellies/cocoa/twinkies/whatever as prices drop. I suppose the risk is that...

Sold my neutral VAS dual calendar today. So: 8/8/2006: BTO SEPT/OCT 22.5 Put Calendar @ 0.15 Debit BTO SEPT/OCT 30 Call Calendar @ 0.05 Debit "Average price" per put/call spread = 0.10 Debit 9/8/2006 - Closed today for average price of 0.42 Credit i.e 420%return on debit and about...

I'll try! I'm not a great journal writer. I've attached my spread post from the SPX Credit Spread thread: "Here's a neutral calendar that I opened yesterday on SPX. Essentially it is hoping that volty will increase over the next month (or at least not decline). SEPT/OCT 1210 Put Cal...

Are any of you using VIX options to decrease vega on your calendars? I haven't really looked at them too much given how little trading history they have. Here's a current dual calendar that I opened recently. It's essentially a vega play, with (at current volty) about 90% chance at Sept...

Here's a neutral calendar that I opened yesterday on SPX. Essentially it is hoping that volty will increase over the next month (or at least not decline). SEPT/OCT 1210 Put Cal SEPT/OCT 1250 Put Cal SEPT/OCT 1300 Call Cal SEPT/OCT 1325 Call Cal I don't think this has any particular...

Thanks for your insight, I haven't really noticed a consistent pattern either. I'm going to see if I can get some quantitative data on that. Sorry for helping derail the thread. I remain, Ugly

My experience has been similar. My typical return on hedged div captures has been about 20% p.a. I usually set them up to hold as long as possible, and use them as the margin collateral for my options strategies - (double) diagonals and condors usually.... RR, What is your experience with...

you can be assigned on any written option, no matter the month - it only requires the option buyer to exercise his "option". This would be a rational decision when the dividend exceeds the carrying costs and the premium. For large dividend stocks, the premium is relatively depressed - so even on...

Heather, I've done this is in the past. The problem with the deep ITM call on dividend stocks is that they have minimal extrinsic premium. When it gets close to the ex-div date, you are at risk of having your written called exercised and the stock taken from you write before the dividend...