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My head started spinning whilst reading your post. Perhaps that's what happens when others read my posts? lol. If you can simply summarize what your current position is, perhaps some suggestions might be more forthcoming. Good luck. MoMoney.

You guys should have a look at Cache Landing's journal 57.4% return on account for the year $$$$$ all from doing credit spreads :D

One strategy is to have a portfolio of 50% bull verticals and 50% bear verticals choosing appropriate stocks to give you perhaps some kind of edge. Essentially, you end up with a market neutral portfolio. If the market goes up, you come out flat. If the market goes down, you come out flat. If...

Have idea to reduce that time :) It's all about the $$$. Build it and they will come....

I guess it was too hard to figure that one out or even look at the first post in the thread :D Just teasing Crucis! We need as many random posts as possible to catch up with the SPX credit spread thread.

Don't you over-achievers know: LABTYD :D

If the underlying moves against you then buying back the short leg in a credit spread leaves you with a long leg that benefits from the continued move against the original position. Buying back the short leg in a debit spread leaves you with a long leg that is hurt by the continued move...

If it's exactly at 10950 on 11/15/2006 then the best risk/reward you'll probably get is a 10800/10900/11000/11100 condor.That's assuming YM still has 100 point strike price intervals. If there are 50 point intervals for that month then the 10900/10950/11000 fly is obviously better. Of...

Yes, we have a deal but...change my mind about what? That you have lost all credibility? No, that thread doesn't change my mind on that point at least as far as this topic is concerned. That your post was hypocritical and you are just as equal to the task of trolling as the one you...

LMAO. I don't know what is funnier, that I'm posting in Politics and Religion :eek: (yes, I'm that bored) or that you have just lost all credibility by making this ad hominem and hypocritically trolling post :D

It must be synthetics day here on ET! You can take it as read that: long futures + short CALL = short PUT If you think about it intuitively, this makes perfect sense. Your covered call has unlimited downside and capped upside - these are the same characteristics as a short PUT. If...

There's a few ways to do it depending on which route you take. Probably the easiest is to work it out the same way as a natural debit vertical i.e. as you said, the max risk is the debit paid to own the vertical: Cost of long leg - cost of short leg In the collar, the long leg is the long...

Looks like you have a covered call position there. It is synthetically equivalent to a short PUT e.g. Short ES Oct 1320 P Unlimited downside. Capped upside. So perhaps it's easier to consider how you would manage a short PUT position. To cap the downside you could purchase a long...

Looks like we cross posted. To recap, we have: 62.50/67.50 collar max loss: $2.16, max profit: $2.84 62.50/67.50 vertical max loss: $2.53, max profit: $2.47 I'm suggesting the two positions are identical, so where is the discrepancy coming from? If we buy the cheap one and sell...

I didn't look at the numbers but a collar is a synthetic vertical. That's all I need to know! I'm not sure if you have position analysis software or not, if you do, I would suggest you compare the collars alongside the verticals and it should become apparent that they have identical risk...

Apologies if I came across as patronizing in any way. What I meant by introductory text was something like the very popular Options as Strategic Investment or if you prefer online education www.888options.com. Take all of the basic and intermediate classes and quizzes. You'll find plenty of...

So by next year it will be in the $10k range LMAO.

Collars in various forms seem to come up on here quite a bit. The key is to be able to view a position in it's simplest form via some dissection. In this instance, a collar is just a synthetic vertical Trade the vertical and save yourself the commissions and slippage! This is a...

Seriously, before you call riskarb to make a market for you, suggest you read any introductory text on options. Then read it again! Good luck! MoMoney.

Indeed, but a couple of years back it was $750 or even less with a promotional discount: http://www.elitetrader.com/vb/showthread.php?s=&threadid=29862