It actually varies. I clear with IB and when I provide liquidity I get rebates with certain exchanges I got charged .39 cents a contract in this case
My Calendar Journal
- Thread starter TheBigShort
- Start date
I know you have mentioned calendars were one of your favourite trades. If you have any calendar trade ideas, dont hesitate to drop some in here.
I will. I don’t touch them on shares under $100 or premiums under $2. I have dime rates +fees through Lime but my IRA is a $1 per side.
closed MPC for .41, ROC = 78% before commission.
New trade ALXN Jul 20/27 put spread 1.91
New trade ALXN Jul 20/27 put spread 1.91
Double Calendar on MDSO 85 strike for 4.37 Jul/Aug. This one looks like a free ride to me. Will most likely hold back month into earnings
Closed FLT for 4.80. ROC = 21% before commision.
MDSO just got confirmed this morning, earnings will be on JULY 24. Mid is currently 5.4. Im still holding.
Only 1 losing trade thus far in the jounral!
MDSO just got confirmed this morning, earnings will be on JULY 24. Mid is currently 5.4. Im still holding.
Only 1 losing trade thus far in the jounral!
Actually a 5 lot, had to leg the last one, IB only filled the 4 and then the NBBO moved. FLT was one of the first trades I did using this strategy so it only makes sense for me to of traded small (better than paper trading).
@TheBigShort , do you still trade calendars?
I see you are doing what I call 'pre-earnings' calendars, where the short is prior to the earnings announcement and the long is the week after. I used to do these a couple of years ago and after a successful start, I realised that the main problem I had was the stock movement. If the underlying stays close to ATM, then the rapid erosion of the shorts ensures a profit very quickly. However, any sizeable movement away from ATM means a loss. I then moved onto what I call 'earnings' calendars - where the shorts are the immediate week after earnings announcement and the longs are the week after. At first, it seems to make no sense to sell short options which have increasing volatility as we head into earnings, but there is logic here - these types are calendars are MUCH more resilient to stock price movement. I trade these successfully now as part of my toolkit.
Would love to hear from others that do calendars.
I see you are doing what I call 'pre-earnings' calendars, where the short is prior to the earnings announcement and the long is the week after. I used to do these a couple of years ago and after a successful start, I realised that the main problem I had was the stock movement. If the underlying stays close to ATM, then the rapid erosion of the shorts ensures a profit very quickly. However, any sizeable movement away from ATM means a loss. I then moved onto what I call 'earnings' calendars - where the shorts are the immediate week after earnings announcement and the longs are the week after. At first, it seems to make no sense to sell short options which have increasing volatility as we head into earnings, but there is logic here - these types are calendars are MUCH more resilient to stock price movement. I trade these successfully now as part of my toolkit.
Would love to hear from others that do calendars.