The Monkey Calendar

The aug OIH does not have a strike price above 250, so I cannot place a vertical where I normally would place it.

I contacted the broker and they will make a request to the exchange.

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Sigh, I hate to admit my stupidity, but here goes.

I place a "quickie" jul RUT calendar without the vertical yesterday. Waiting to leg into it when the market moved up.

Ouch.

Got out a few hours later with my tail behind my "leg" (pun intended) and paid about 50 cents in tuition. Just a single lot -- I may be stupid but I'm not dumb.
 
Quote from cdowis:


I place a "quickie" jul RUT calendar without the vertical yesterday. Waiting to leg into it when the market moved up.

Ouch.

Got out a few hours later with my tail behind my "leg" (pun intended) and paid about 50 cents in tuition. Just a single lot -- I may be stupid but I'm not dumb.
More...

What strike? Usually with calendars you have better chances (than vertical) to survice. Wondering why you bailed out so fast.
 
Quote from thinkplus:

What strike? Usually with calendars you have better chances (than vertical) to survice. Wondering why you bailed out so fast.
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jul/aug 700 put. I think I got in around 1000. Bailed out when the market was making a major move down so quickly.

"Stepping in front of a freight train to pick up a dime" comes to mind.
 
part 2 and scenario file.

Comapre the Greeks, the breakevens, max profit/loss nos. for different strategies. This is just half the story. Whichever strategy seems favorable, create a plan, and using TOS past data see what happened and what could have been done to manage the position.

(Note: I had to use Options Oracle as I can not access TOS platform due to the firewall).

I just noticed that the Dbl Calendar in the PDF is actually a Dbl Diag. I'll try to update the file later.
 

Attachments

As I read it, you are comparing the double diag with a single calendar.

Interesting, but we are talking about a monkey calendar. That position has been defined in the first post of the thread.
 
Quote from cdowis:

As I read it, you are comparing the double diag with a single calendar.

Interesting, but we are talking about a monkey calendar. That position has been defined in the first post of the thread.
More...

My intent is no direct comparison rather evaluation of various options.

Look at part 2 last 2 pages, I have your position in there.

I have removed part 1 as i noticed that in part 2 instead of Dbl calendar I had Dbl dig. sorry about that.

I am trying to combine both parts in one, and the size is larger than allowed to upload. I will post the udpate later. The best way is to use the OPO file (or TOS) and try the strategies.
 
Liquidated the RIG calendar at 320. I still have a BIDU vertical, but the rest of the positions are liquidated for Jul.

I am pretty much at break-even for Jul.
 
Normally I would not put a put vertical, but if the position continues to move up, I may do this to hedge my call vertical. I would still give myself plenty of room on the downside, so I would not give myself too much premium on the put vertical. Not trying to balance it with a "true" IC, just a small hedge.
 
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