any reason why you why you pick a short box? i can't be short naked any calls or puts on a stock like apple in my account due to size.. hence me doing broken winged flys to get more net short premium.. love hearing about it though..
i don't know why,for the credit i guess, but i was always short never long,theoretically a box trader would sell a box for 10 .25 and try to scalp it in for 9.75,doing 200,300,400 a month,and you didn't need a large acct as a market maker
I havent used it in years but back when you could trade options for 7-9 cents commish,you could put on a huge position for a margin credit and trade in and out of it,going home again with no margin ,again theoretically but 22 was the mid target in aapl, the goal target was 600-605,aapl at 655 roughly when 1st posted, hence the 660/600 box
I've traded a lot of boxes with rates >5%, but your stating to trade the verticals with the trend, and cover by day's end to go home flat (back in the box)? To what end? Why not simply trade in/out of an individual vert?
no offense but i hate TOS.. that chart looks like a christmas tree haha.. thanks for all the imput Ammo.. dying to learn more about "street knowledge" related to scalping and market making.. and to take a little space in atticus's thread to haha
haha