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Just bought the Aug 22 1995C for 2.10. I'll pay for little peace of mind. Make money later.

Just sold the 199.5 Cs @.42. Nothing like fighting a bull market. Tons of fun.

This trade hasn't gone according to plan from the start - obviously. Was trying to get a better leg in to start. So I've just been improvising along the way - or call it plan B. I'm liking the looks of the downside here, but not yet.

Bought 2 SPY AUG 22 199.5C @ .35 and just sold 2 200Cs for .18 for the bull call spread, effectively lowering the ratio a little - at least for a while.

Bought the put back via limit order for 2.40 at 4:43:39 a gain of $45 big ones net of costs. Still in the red.

Got the Aug 29 1950P sold for 3.30. Those are ES points so that's just $165

bought back the puts for .14 at 3:10 EDT. Attempting to sell ES put.

Well, this forum is for traders, I think. Don't see too many trades. I looked back at atticus' (God rest his soul) post on PFs. The sentence, "Then you simply solve for risk of a strike touch under a flat vol-surface/gain to sticky delta." kinda jumped out at me. Very good and generous info...

Yes, I liked that feature. Many threads have few posts, but sit near the top of recent posts. So you go back to it and it's the same old...

Yeah, not a good looking position. The strikes are way too wide, IMO. The 202.5P has little TV and so acts like +100s to the downside and for a range to the upside. Thus, your current position is akin to long the 193 straddle. I don't trade SPY so these are purely tactical suggestions. You...

Yep. The golf bit was hilarious. I thought that some of his early appearances as a guest on talk shows were some of his best stuff. Manic, stream of consciousness, non-stop monologue with impressions. He could hardly stay in his chair. The host just had to sit there and let him run. We'd...

Excuse that comment. Ass backwards. Rather a short combo. It's easy to see that the pressure is now to the upside. Looking a little better for you. edit: Good trade. Not a bad haul since last Friday.

Geez, a wee bit of volatility there. Looking better, now.

Yeah, that makes sense. Not sure of the extent of the hedge, but it sounds like you are essentially short a bunch of NPs now. Looks likely that you'll pull a good profit out. When you say per contract, I assume you mean per combo + hedge. OT, did you hold EXAS?

Ha! Many have hassled him about that. Naysayer! Ignore. Ignore. Nothing conservative about the R/R. Meanwhile, here's a song for oldnemesis. Wild music, baby.

Well, it's certainly a hedge. But it may be a tactical move. He might be playing a dip and then reestablish the long, or close, or somewhere in the middle. It pays to be flexible. Opportunistic. Of course, it also pays to sit on your hands sometimes. I'm in a similar situation with CL...

Thank you. Excuse the tired laziness, please. Yeah, no doubt. Pigs get slaughtered ;-)

Good trade. I forget how the PFs are used to measure. Measure against ATM straddle? Does a potential edge come from a put skew or directional or a combo of the two?

Having a margin for a long vert. is not fair to the responsible trader who maintains adequate reserves. IB is a great broker for retail, but you don't want to come close to messing around with auto liq. Not every trader manages their margin well. AFAIK, if there is a margin deficiency, then...

FWIW, shorted 100s AH at 36.67 and bought back 40 sec. later at 36.57. Proper scale would have been more like 50s for an effective ratio write on the Aug puts. That's a disadvantage of these micro positions is that it's too inefficient trade off of them. Had size been at least 10x then I...