C cnms2 May 2, 2006 #11 Great advice! And this should be done before opening your position. A four leg position simulator: http://www.888optionsnet.com/invest...onSimulator.asp An ok options calculator: http://www.888options.com/resources/options_calc.jsp An options sensitivities simulator: http://www.ftsweb.com/newfts/opsens.htm Another option calculator: http://www.ftsweb.com/options/opbarr.htm A 20 leg expiration calculator: http://www.optionstrategist.com/fre...tion/index.html More... Quote from optioncoach: Plug the legs of the straddle in an option calculator and study the GREEK movements of each. ... More...
Great advice! And this should be done before opening your position. A four leg position simulator: http://www.888optionsnet.com/invest...onSimulator.asp An ok options calculator: http://www.888options.com/resources/options_calc.jsp An options sensitivities simulator: http://www.ftsweb.com/newfts/opsens.htm Another option calculator: http://www.ftsweb.com/options/opbarr.htm A 20 leg expiration calculator: http://www.optionstrategist.com/fre...tion/index.html More... Quote from optioncoach: Plug the legs of the straddle in an option calculator and study the GREEK movements of each. ... More...
A a529612 May 3, 2006 #12 Quote from a529612: Here's the setup: OIH underlying trading at 160 Short OIH May 160 Call @ 5.5 Short OIH May 160 Put @ 5.2 More... What strategy would you call it if I add the following as hedge in case the stock starts running away from the profitable zone? Long OIH May 170 Call Long OIH May 150 Put
Quote from a529612: Here's the setup: OIH underlying trading at 160 Short OIH May 160 Call @ 5.5 Short OIH May 160 Put @ 5.2 More... What strategy would you call it if I add the following as hedge in case the stock starts running away from the profitable zone? Long OIH May 170 Call Long OIH May 150 Put
R riskarb May 3, 2006 #13 Quote from a529612: What strategy would you call it if I add the following as hedge in case the stock starts running away from the profitable zone? Long OIH May 170 Call Long OIH May 150 Put More... Buying the above wings would produce a synthetic long butterfly. The expiration PnL is a function of stock price and the strike differential - net credit received. You're short all greeks but theta with the position as structured. =)
Quote from a529612: What strategy would you call it if I add the following as hedge in case the stock starts running away from the profitable zone? Long OIH May 170 Call Long OIH May 150 Put More... Buying the above wings would produce a synthetic long butterfly. The expiration PnL is a function of stock price and the strike differential - net credit received. You're short all greeks but theta with the position as structured. =)
