donnapland

So diag backspread thus far. 1.50x6 + 8 loss on put sale 758 gross debit.

32 gain on shares + 1.56x4 = 656 gross credit.

Costs = 14.57
 
Closed it 2 lot segments.

Longs 2@.28, 2@.28, 2@.30 =172
Shorts 2@.12, 2@.12 =48

Total Costs 14.57+8.88 = 23.45

P/L = 172 - 48 - 102 - 23.45 = - 1.45 I'd call it a BE.
 
donnap said:
I've been tempted to post at CL Redux for a long time now. Some good traders there. But I can see that my trades are difficult to follow. Often, with complex formations, I compartmentalize the components or match them up for easy analysis. Often, you don't need to do any calcs to see where you are and where you want to go - if you understand option behavior and are familiar with the option market (chains) that you're trading.
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Hi donnap, I just brought the CL Redux back to life. If you're still around, I hope you do share your thoughts, which I'm sure others will appreciate very much. Your option plays are exciting to follow. I made a little prognostication of my own for the coming days/weeks, so feel free to throw a light of your own. Maybe we can throw trading ideas around.
 
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