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Iron Condors
- Thread starter maninjapan
- Start date
Quote from osho67:
I have one short position in RUT -jan expiration. 400 put
Do you think this position is reasonably safe? When will I know the settlement price .
The settlement price will be published some time tomorrow afternoon. It takes a while to calculate it with 2000 stocks. I had a short 410/400 put spread on and closed it out earlier in the week, no point in waiting for those extra 10-20 cents.
Quote from osho67:
I have one short position in RUT -jan expiration. 400 put
Do you think this position is reasonably safe? When will I know the settlement price .
1) Yes it's reasonably safe. But why in the world are you holding it? What do you have to gain?
2) RLS is the settlement symbol. Agree with MTE - expect to see it about closing time.
Mark
Quote from MTE:
The settlement price will be published some time tomorrow afternoon. It takes a while to calculate it with 2000 stocks. I had a short 410/400 put spread on and closed it out earlier in the week, no point in waiting for those extra 10-20 cents.
Thanks MTE
Are you saying 10-20 US dollars or 10-20 cents? I had received only $65 for the position. This was just a try in RUT.
Is there any way you select a position in some way that you donot have to worry and have sleepless nights and wait till expiration . You donot forget the trade but monitor at regular times but donot require to do any adjustments.
Thanks
Quote from osho67:
Thanks MTE
Are you saying 10-20 US dollars or 10-20 cents? I had received only $65 for the position. This was just a try in RUT.
Is there any way you select a position in some way that you donot have to worry and have sleepless nights and wait till expiration . You donot forget the trade but monitor at regular times but donot require to do any adjustments.
Thanks
I meant 10-20 cents as in the quoted price so that's 10-20 dollars per contract. I didn't mean to say that you should get out, I just mentioned what I did with my 410/400 short put spread.
I sleep great at night and I generally don't do adjustment, well except closing out positions that aren't worth much anymore and thus either provide no hedge for another position or have a poor risk/reward ratio going forward (e.g. I closed out my Jan positions a week before expiry sacrificing one-tenth of the maximum potential profit as I deemed it not to be worth the risk of the index crashing and leaving me with a max loss or any loss for that matter), besides, the Feb premiums looked quite attractive at the time.
Quote from MTE:
I meant 10-20 cents as in the quoted price so that's 10-20 dollars per contract. I didn't mean to say that you should get out, I just mentioned what I did with my 410/400 short put spread.
I sleep great at night and I generally don't do adjustment, well except closing out positions that aren't worth much anymore and thus either provide no hedge for another position or have a poor risk/reward ratio going forward (e.g. I closed out my Jan positions a week before expiry sacrificing one-tenth of the maximum potential profit as I deemed it not to be worth the risk of the index crashing and leaving me with a max loss or any loss for that matter), besides, the Feb premiums looked quite attractive at the time.
Thanks MTE
You are very early at the computer.
regards