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What strategy you guys normally do for option, long or short the vertical spread?

Took the loss today at 1.04$. Not too bad, considering it was once over 3.00$ last Friday. Although my original plan my still work based on today market's situation, it's really a bad trade. Any whipsaw towards the long side, I will get burned really bad. I should always have a defined risk...

Thanks for such great analysis! I agree with you. I over allocated, I knew it was bad to sell premium before earning, my original plan was to bet BA will stay around 300 before earning. Now it's very different. Since we have so many bad news today, hopefully, tomorrow BA will sell off at open...

Thanks, I'm thinking on it. I guess the best way is to cut loss before the earning. I should do a hedge right at beginning. Now the price to hedge also put me at a awkward position.

Not a lot, just few contracts. The problem is my entry is around 0.57, and now is 2.00$..... Even on last Friday, it was alright, until the stupid news came in... Based on the technical level, I feel 340 is ok, but I sold the call at worst timing, did not collect enough premium. My plan is to...

I guess I really under estimate the volatility of options. So I wrote a naked Jan 31 call for BA 340 few days ago when BA was really weak. Did not expect it bounced back so hard on 300 level. I thought even with earning, it won’t just come back to 340 in less than 2 weeks. Now it’s getting close...

You are right. Buying a put, and meanwhile, sell a covered call could help me get back the insurance fee. But I need to be really careful to write those things, though

I know I should not think about tax in the trading. I think my concern is mainly because the stock may continue to rise. I guess right now, the best option is to but the put, just for the safety wise, considering the risk of current market

Thanks for your careful explanation. I agree with you that a longer put options sound like the best choice to hedge. I will see how I want to execute it. I'm wondering if I should hedge all position at once, or buy the LEAPS options with batches.

Hi: I have a relative large position on a mega-cap company. I hope I can sell 1 year later, due to the tax issue. It just made all time high, and I think there is a good chance it will continue to go high. But I'm also kind of concerned that the market will have big drop in one year. So I'm...

The latest IB TWS (970.1b) has some CPU usage issue on my MAC. The stable version (963) works fine, but it does not have the indication (intraday VWAP) that I need. Does anyone have the standalone version (eg. 969)? IB customer service said they cannot provide previous version of TWS.