Can you tell us your position? Why keep us guessing? Basically looks like you're short OTM calls and long far OTM calls to keep it defined risk and lower your margin. And based on the shape of the profile, looks like it involves a lot of different strikes and could be difficult to manage.
Crash Proof High Probability Diagonal Calendar Spread Trade ES Emini S&P500
- Thread starter winstonwee
- Start date
Can you tell us your position? Why keep us guessing? Basically looks like you're short OTM calls and long far OTM calls to keep it defined risk and lower your margin. And based on the shape of the profile, looks like it involves a lot of different strikes and could be difficult to manage.
This is a live trade. Not simulated
I did this trade yesterday on the 17th Mar 2021
The front leg expire next friday 26th Mar 2021
I am not looking to hold the trade till expiry, probably around next wednesday or thursday I will look to exit the trade.
Max risk on the trade is $400
Risk Graph
Zoom out risk graph we can see the max risk is $400
Youtube video
Any Opinion?
Details please? Type, Strike, Quantity, Expiration Date for each leg.
OK as long as your EV is significantly greater than the fees paid, you're all good. Are you betting on the vol or expected price move of the underlying?
not betting on vol but i am always bullish on the market so was hoping the market move up but remove the risk on the downside. in fact if market move up the middle tent should drop because of the IV drop so have to see how it goes. if trade is good, I will do 2 set next week. Now is only 1 set
I tested on spy and is good ($40 profit after comm) but spy is just not worth if i were to do 10 set
Do you think VIX would break below 20 for good?