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Pretty much stuck here - but I expected that with MBLY. Very challenging market - but I knew that going in - and I'm trading it for that reason. These kinds of trades remind me why I don't trade illiquids. Trade management has to be flexible, opportunistic, creative. We'll see if I can get...

So +3 47C Sep. weekly -4 Oct. 50C monthly bullish for now. Net loss on shares - 132 Gross "credit" +495

Sell 4 Oct. monthly 50C @3.00 Buy back shares @ 49.28

I'll attempt to spread later and off the shares. That won't be easy. Meanwhile, see what the syn. combo does.

Here's a little sideline trade. MBLY Buy 3 weekly 47C at 2.35 Short 200s at 48.63

I hear ya, bro. Yeah, right. That'll be testing the limits of your discipline. Thanks for posting. Fascinating stuff.

A quick and easy evaluation is to calc the European style value using an option calculator. If the Euro value is below parity, then exercise the call - because exercising at parity is worth more to the holder. Costs should always be considered in any evaluation. It's a good point that you...

Just make a little money instead.

Out ES @ 7.75 and YM at 17205

Long Dec YM @ 17183 , short es 2005 next week call at 6.75

Also a little NQ for the first time ever. Used to trade QQQ in early days, before it was QQQQ, then QQQ again.

So the ES spread is history. Hardly offset the rather expensive SPY blunder. The SPY calls assigned, as expected, and I paid the div. Sold 2 Sep 19 201P @ .19. I want out the shares so we'll see what I can do here. I went off the journal a few days ago, trading Dec YM. I may post one...

Could go much higher, but I'll be shorting at some point.

Out 17125

Long 1 Dec YM @ 17107

Aw, come on. Party time.

This leaves -2 SPY 190C and ES 1990/2000 bull call spread - all monthlies. Yesterday morning I got busy with other things and let the trade get away from me big time. I had an order out to buy the 190s back for .99. It came within a hair and some traded at that price. But that missed fill...

Buy ES Sep 2000C monthly at 6.75

Sell ES 2010C for 3.55

Add a little downside to the mix via short SPY calls.