Your punctuation sucked in that post of yours so it's hard to figure out what you want. Read the book "Eats, Shoots & Leaves" for more info:
http://en.wikipedia.org/wiki/Eats_shoots_and_leaves
------------------
forex-forex
Grammar educator
Long Term Calendar Spreads?
- Thread starter RedEyeFly
- Start date
Your punctuation sucked in that post of yours so it's hard to figure out what you want. Read the book "Eats, Shoots & Leaves" for more info:
http://en.wikipedia.org/wiki/Eats_shoots_and_leaves
------------------
forex-forex
Grammar educator
Oh, so you are a grammar educator too now?
That book itself contains several punctuation errors...
"an Englishwoman lecturing Americans on semicolons is a little like an American lecturing the French on sauces. Some of Truss's departures from punctuation norms are just British laxness."
he he
Quote from daniel5198:
3-6 m ICs is longer term than the classics. I wonder, when you enter , say, a 3 m IC, when is your (ideal) exit
planned to?
My ideal exit is when 3-4 weeks remain. However, the high residual premium often temps me to stay with the trades longer. But, I carry many different iron condors simultaneously and base the close/hold decision of the overall risk of my portfolio.
I always close the winning side when the price gets low enough - perhaps 20 to 25 cents. I allow someone else to collect those final few nickels.
The one rule that I do not violate is to never be exposed to a surprise opening on Friday morning. Thus I exit all positions no later that Thursday of expiration week. I trade only European style index options, and settlement prices are determined as of the market open on Friday.
That works for me. I have no idea if anyone else would be comfortable trading that way.
Mark
thnk you.