Calendar Spreads

cdowis · Sep 7, 2006

Update: went thru my stop, closed spread at 95 for a loss of 15. I have an SP put diagonal, and this trade was a hedge against a continued move upward so it worked out well.

gatorplease · Sep 10, 2006

Quote from cdowis:

New position:

NEM 3x oct/dec 52.5 put calendar @ 1.10, very nice fill. MM must have felt sorry for me.

Explain your thoughts on this. I've read an awful lot on gold basing here.

RichardRimes · Sep 10, 2006

Quote from cdowis:

Update: went thru my stop, closed spread at 95 for a loss of 15. I have an SP put diagonal, and this trade was a hedge against a continued move upward so it worked out well.

THATS why the MM's were so nice

but as you said it was a hedge so all's well

RichardRimes · Sep 11, 2006

Quote from RichardRimes:

on 7/25 rolled up the 140Aug call to Sept 145 for a .45 credit

today closed the put spread..BTC 125p debt .30

STO 140/130 Sept P credit spread net credit 2.45 decided to tighten it up with OIH now over 145.

9/11
so much for credit spreads trying to help ease the pain of loss in the call calendar spread.

My 1st credit spread netted $1.85 but the above credit spread I had to close today for a debt of$8.55..so in total my loss on OIH credit spreads is $4.25 X20cts :eek:

and of course the call calendar is sucking air. I think over-all this trade may give me a personal best at a losing trade

I still have the original calendar limping along so the final tally isn't in.

RichardRimes · Sep 11, 2006

9/11 finally did roll theXLE DEC/SEP 55put cal to OCT but only got .80 for it as delta trumped theta. net debt reduced to .25. I think all of us that did the XLE will be happy with two more rolls left.

daniel5198 · Sep 12, 2006

Quote from RichardRimes:

REVERSE calendar? Long Sep/Short OCT? Generally a reverse calendar is done to take advantage of high to low vol's...right now vol's are pretty low. If a straight Long call calendar you might do just fine. GL...beauty of calendarss you go long I go short and we both can make money

BTC my GS rev cal for $2.2 spread/ that's $0.4 profit per lot. less than expected, but still, a small profit is better than a small loss...
hope u will win your long cal as well.

RichardRimes · Sep 12, 2006

Quote from daniel5198:

BTC my GS rev cal for $2.2 spread/ that's $0.4 profit per lot. less than expected, but still, a small profit is better than a small loss...
hope u will win your long cal as well.

I was just about to ask you if you were doing a "happy dance" today

nice trade. I'm sure I should not have bet against the "powers that be" but have time on my side to still come out OK

daniel5198 · Sep 13, 2006

STO rev cal on CHAP Oct/Jan 37.5 c for $2 credit. earnings out in 6 days.

Eliot Hosewater · Sep 13, 2006

Quote from RichardRimes:

9/11 finally did roll theXLE DEC/SEP 55put cal to OCT but only got .80 for it as delta trumped theta. net debt reduced to .25. I think all of us that did the XLE will be happy with two more rolls left.

Dang. I thought sure you would have rolled last week. I think you could have gotten $1 or maybe $1.05 at one point.

RichardRimes · Sep 13, 2006

I thought I might be able to get 1$ last Fri but just didn't push it...oh well...thems the breaks

glad you had a nice fill tho...