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I'm confused again. What did you do with the 130 strikes and the short 135 strike calls? Or didn't you actually trade them? If you didn't do the original trade then this position is simply long 20 of the 135 strike calls. Are you asking how to hedge long OTM calls??

Actually, that would not be a straddle. It would be a ratio'd calendar spread. Long 20 back month 130 strike calls and short 10 front month 135 strike.

Again, I'm not debating with you about IF you can enter a combo order. I'm just asking if the 3 legs of your GS position were filled at the same time?

I understand combo orders but I thought it was common knowledge that legging in to a position meant separate orders. Investopedia explains Leg 1. An example is when a broker attempts to execute an option straddle order as two separate transactions. The possibility for profit and loss occurs...

I'm confused. You legged in to the trade but only paid one commission? Legging in means each trade was filled separately and not as a single order.

I'm assuming you legged into this position?

Wow, that is a dizzying intellect you have. Your assumption of my relationship to Steve Cohen is similar to your assumption that you understand put/call parity. Completely flawed. Cohen is a common surname. I have no intimate knowledge of Steve Cohen so I see know reason to attempt to...

1. This is an absurd question. It's equivelant to asking why throwing money away would matter to your profitability. 2. For the same reason as the answer to your first question. You're paying the B/A spread twice thus giving money to the MMs for no good reason. You're instincts seem...

I see. I'm sure you and Jim have a lot in common.

You state that you understand synthetics but then post a statement like this. I can only come to one of two conclusions. You don't understand synthetics or for some reason you find pleasure in lying. Although it may be ignorant on my part, I've given you the benefit of doubt that you are...

Again, you are short puts. 100 of them at the 20 strike. And no you haven't written your reasoning except to say that you don't mind paying double the spread and commissions. You have not given a reason why anyone including yourself would want to do this.

Your long stock, short 20 call is a synthetic short 20 put. If you want the risk profile of a short 20 put then why not just do it instead of the synthetic? I don't understand your reasoning but nevertheless, good luck.

I agree, there is no difference in risk. That's why I don't understand why you did the synthetic instead of the natural. That's twice the spread and commisions.

I think you misunderstood my question although I appreciate the response. I wasn't asking what your reasoning was for taking a position in Microsoft. I was asking why you're using the synthetic instead of the natural.

I don't understand this position. Why the synthetic instead of the natural?

What you lack in knowledge and experience you certainly make up for in crazy. Good luck...

I agree. You should concentrate on your risk and not your "drivers". Gamma exposure is the risk, just like in all calendars. This strategy does nothing to address this risk and hence I find the return claims not credible. As hlpsg stated, just saying your going to trade deltas doesn't...

OP, Are you trying to convince us that this is a good strategy or yourself?

A lot of people would disagree. Do a search on long condor and check out the results. I'm not saying I know definitively that you're wrong but I've always thought it was short body and long wings (same as butterfly) for delta neutral short volatility spreads (long condor, long butterfly...

I agree. He has the ability to fix all of America's problems. Too bad about him being crazy though...