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Back from the sidelines... Respectfully, it's seems that synthetics are not fully understood :( Save yourself all the typing trying to disprove synthetic relationships! :) Unless stock is already owned and/or dividends, cost of carry, tax, commissions etc. are considerations, there is no...

Thanks. As you allude to, I'm not 100% sure that is what the poster meant though. No matter, I think I might sit this one out and observe from the sidelines :D

Because it was stuck to the chicken.

That was my indirect way of pointing out where the flaw in the perpetual rolling up and out strategy was. You've exchanged the $1.25 for probability (up) and time (out) I see now that you and others have already flogged this topic. My apologies!

Do what specifically? That's what I need to know so perhaps I can point you in the right direction. I'm reasonably confident that what you are looking for can be achieved with the software but I'm not clear exactly what it is you're after. If you click on the wrench (bottom right) you can...

Could you expand on that for me please? Specifically, when you compare the premium on the CALL to the PUT. Thank you in advance.

From your own figures I can open the same diagonal for net credit of 8.50 - 4.35 = 4.15 You own it for 2.90 credit. Next time you can just give me the 1.25 :D

You asked your broker about margin requirements for a position and they gave you an answer? Wonders will never cease. If you try and make the trade on your platform, it will tell you the margin requirements (in the confirmation dialog box). When you click on "Send" it will either let you do...

Which feature is not there?

Which others, please tell.

Can you give an example of these credit backspreads? The skew makes a credit backspread on the PUT side very difficult.

Logical progression: http://www.elitetrader.com/vb/showthread.php?s=&threadid=38084

Perhaps, he was selling the 95 CALLs based on TA? Prior highs/all-time highs. It may have looked like a double top. People take these bets all the time: my CALLs are outside of resistance, it looks like it's going down, I have IV collapse in my favor, I've won this kind of bet 9 times already...

Intelligence can be an obstacle to making mad money fast. It's quite possible that the person in question accumulated 100k by writing OTM options up to reg T limits. Many OTM option writers equate high probability with certainty and end up massively overleveraging all positions with eventually...

Are you using Interactive Brokers Option Trader to load chains etc.? Have you configured which columns you want to see for option series? There are probably ways of using TWS for options trading that you are perhaps not aware of. Suggest you browse the extensive TWS help files to ensure you...

High probability is one thing. Risk/reward is another. *shrugs* MoMoney.

Let me know when you find a strategy that has 100% wins :eek:

Thought I answered this for you here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1211577#post1211577 You must have me on ignore. Frankly, I don't blame you. LA LA LA LA LA LA. See, I can type whatever I want here because you won't see this message. LA LA LA LA LA. For...

www.indexarb.com

I was hardly recommending it LOL. Just explaining the concept that there is an opposite to long gamma scalping (there appeared to be some disagreement on this topic). I offer no opinion on the merits or efficacy of employing such a strategy.