Sorry, sometimes I'm not smart enough to follow your posts. If you set up a fly, view the entire trade as one price and monitor it. There are no debit spreads, simply two credit spreads mated together.
OEX weekly options
- Thread starter kalikahuna
- Start date
Sorry, sometimes I'm not smart enough to follow your posts. If you set up a fly, view the entire trade as one price and monitor it. There are no debit spreads, simply two credit spreads mated together.
Two credit spreads mated together make a butterfly????
Wonder what I´'ve been doing wrong then?
I've been putting a debit spread on top of each credit spread.
Wonder what I´'ve been doing wrong then?
I've been putting a debit spread on top of each credit spread.
Okaaay!
Will start again. Wednesday, last 15 mins of trading.
Two credit spreads, one in PUTS and one in CALLS
Calls sell 530 @ $5.10, buy 545 @ .10 cents for + $5.00
PUTS, sel 530 @ $1.30, buy 515 @ .25 cents = net +$1.05
Total credit for both credit spreads are: +$6.05
Guess we see how they expire?
________________________________
THAT IS CERTAINLY A LOT SIMPLER THAN WHATEVER IT IS I'VE BEEN DOING.
Will start again. Wednesday, last 15 mins of trading.
Two credit spreads, one in PUTS and one in CALLS
Calls sell 530 @ $5.10, buy 545 @ .10 cents for + $5.00
PUTS, sel 530 @ $1.30, buy 515 @ .25 cents = net +$1.05
Total credit for both credit spreads are: +$6.05
Guess we see how they expire?
________________________________
THAT IS CERTAINLY A LOT SIMPLER THAN WHATEVER IT IS I'VE BEEN DOING.
whooops!!!
Something wrong here. Decided I like that trade and would use TOS brokerage account. But when I clicked on type of spread BUTTERFLY, what I got was a spread ALL in PUTS. Where what I wanted to copy my scratch paper trade was one side in Calls and one side in PUTS.
Running out of time to market close for today. So cleared TOS and will just sit staring at my scratch paper trade with my eyes crossed, or squinted, and cross my fingers behind my back. See what happens with expiration on Friday.
Weekly Butterfly
CALLS sell 530/ buy 545
PUTS sell 530/ buy 515
Should have done this in the XEO instead, but will do alright for learning purposes in the OEX using scratch paper.
C' est la vie!
Something wrong here. Decided I like that trade and would use TOS brokerage account. But when I clicked on type of spread BUTTERFLY, what I got was a spread ALL in PUTS. Where what I wanted to copy my scratch paper trade was one side in Calls and one side in PUTS.
Running out of time to market close for today. So cleared TOS and will just sit staring at my scratch paper trade with my eyes crossed, or squinted, and cross my fingers behind my back. See what happens with expiration on Friday.
Weekly Butterfly
CALLS sell 530/ buy 545
PUTS sell 530/ buy 515
Should have done this in the XEO instead, but will do alright for learning purposes in the OEX using scratch paper.
C' est la vie!
Quote from falconview:
whooops!!!
Something wrong here. Decided I like that trade and would use TOS brokerage account. But when I clicked on type of spread BUTTERFLY, what I got was a spread ALL in PUTS. Where what I wanted to copy my scratch paper trade was one side in Calls and one side in PUTS.
Running out of time to market close for today. So cleared TOS and will just sit staring at my scratch paper trade with my eyes crossed, or squinted, and cross my fingers behind my back. See what happens with expiration on Friday.
Weekly Butterfly
CALLS sell 530/ buy 545
PUTS sell 530/ buy 515
Should have done this in the XEO instead, but will do alright for learning purposes in the OEX using scratch paper.
C' est la vie!
Not to confuse you, one can use all puts or all calls for the same trade. If not there would be free money on the table.
Michael
I don´t understand that question?
___________________
ELITE TRADER
I theeenk senor, I am misunderstanding things. From trying to enter the butterfly in TOS I see now that there is only ONE SOLD option at the middle of the butterfly. A butterfly then is either PUTS, or CALLS.
That means what I was doing were in fact, opposing simple Vertical Spreads.
This is midnight here. I'll skip that trade I outlined yesterday and replace that and the others with a real butterfly today, Thursday morning. As I read it, this is a TIME DECAY trade and should make money on the weekly ending.
I'm supposing I can put on TWO butterflies, one in CALLS and one in PUTS? The TOS butterfly box cleared up my misunderstanding of what a butterfly is, I theeenk!
_______________________
I could not get premiums for a credit spread yesterday, so will look to see if I can do it this Thursday morning, for a weekly trade.
as well.
I don´t understand that question?
___________________
ELITE TRADER
I theeenk senor, I am misunderstanding things. From trying to enter the butterfly in TOS I see now that there is only ONE SOLD option at the middle of the butterfly. A butterfly then is either PUTS, or CALLS.
That means what I was doing were in fact, opposing simple Vertical Spreads.
This is midnight here. I'll skip that trade I outlined yesterday and replace that and the others with a real butterfly today, Thursday morning. As I read it, this is a TIME DECAY trade and should make money on the weekly ending.
I'm supposing I can put on TWO butterflies, one in CALLS and one in PUTS? The TOS butterfly box cleared up my misunderstanding of what a butterfly is, I theeenk!
_______________________
I could not get premiums for a credit spread yesterday, so will look to see if I can do it this Thursday morning, for a weekly trade.
as well.
Darn!
I'm having trouble with TOS this morning. Click on my order for a vertical spread and my web page gets frozen. Difficulty on getting out and re-loading. Don´t know if it is my ISP or with TOS
But I missed entering my weekly trade which would have earned me $750 this week.
I´m getting other websites okay.
I'm having trouble with TOS this morning. Click on my order for a vertical spread and my web page gets frozen. Difficulty on getting out and re-loading. Don´t know if it is my ISP or with TOS
But I missed entering my weekly trade which would have earned me $750 this week.
I´m getting other websites okay.
FV:
At around 10:13AM: models told me that EUR/USD might head down for short term, and that upside is now limited to only 1%. EUR/USD was at 1.4040 when this came. Basic materials do the opposite of the dollar. What do your models say? The above is shorter term compared to what you like, but I thought to ask anyway. In addition, a big top always grows out of a smaller top. So the smaller tops can give warnings.
At around 10:13AM: models told me that EUR/USD might head down for short term, and that upside is now limited to only 1%. EUR/USD was at 1.4040 when this came. Basic materials do the opposite of the dollar. What do your models say? The above is shorter term compared to what you like, but I thought to ask anyway. In addition, a big top always grows out of a smaller top. So the smaller tops can give warnings.