Vertical Spreads for Aggressive Growth

[Cache Landing]

Today's Action Cont.

Rolled NEM bear calls into NOV with same strikes for $0 + commiss.

Profit/Loss

Acct. Value: $16,429.00

YTD Gross P/L: $7,245.00

YTD Commiss: $816.00

YTD Net P/L: $6,429.00

YTD % P/L: 64.3%


Currently sitting on a $210 loss on these. In the past I think I have realized the loss on a roll after the position is closed. Just wanted to make sure everyone realized that there is a paper loss involved in this trade.

 

[momoneythansens]

Hmmm...VIX at 10.81.

Is going long VEGA at this juncture a high probability prospect?

Is it possible to leverage this high probability and get high reward/low risk at the same time? Best of both worlds.

To find out the answers to these questions and hundreds of other critical trading questions go to www.momoneyscrystallball.com - sign up today!

 

[Cache Landing]

Quote from momoneythansens:

Hmmm...VIX at 10.81.

Is going long VEGA at this juncture a high probability prospect?

Is it possible to leverage this high probability and get high reward/low risk at the same time? Best of both worlds.

To find out the answers to these questions and hundreds of other critical trading questions go to www.momoneyscrystallball.com - sign up today!

You got anything in mind outside of an OTM debit spread or long straddle?

Time flies maybe?

 

[blk]

Quote from momoneythansens:

Hmmm...VIX at 10.81.

Is going long VEGA at this juncture a high probability prospect?

Is it possible to leverage this high probability and get high reward/low risk at the same time? Best of both worlds.

To find out the answers to these questions and hundreds of other critical trading questions go to www.momoneyscrystallball.com - sign up today!

I think part of the dropping of VIX can be attributed to the weekend effect. It will pop back to 11+ on Monday if nothing else happens.

 

[momoneythansens]

Quote from Cache Landing:

You got anything in mind outside of an OTM debit spread or long straddle?

Time flies maybe?

Nope. Nothing else really comes to mind! Looking at DEC though for a bit more VEGA exposure. Pricing some backspreads and calendars.

 

[Cache Landing]

Quote from blk:

I think part of the dropping of VIX can be attributed to the weekend effect. It will pop back to 11+ on Monday if nothing else happens.

11+!!!!!! I'm looking for 15+ It would only take a 40-point SPX drop. You heard it here first folks. Gapping down 20-points over the weekend and giving up another 20 intraday on monday.

 

[rallymode]

Quote from momoneythansens:



To find out the answers to these questions and hundreds of other critical trading questions go to www.momoneyscrystallball.com - sign up today!

I cant believe i actually clicked on the link

 

[Cache Landing]

Quote from rallymode:

I cant believe i actually clicked on the link

Don't feel bad. I did too. Given Mo's sense of humor I had to find out if he really put a site together.

 

[Cache Landing]

Quote from Cache Landing:

Today's Action Cont.

Rolled NEM bear calls into NOV with same strikes for $0 + commiss.

Just realized there is a typo here. That was supposed to refer to the bull puts, not bear calls.

 

[momoneythansens]

Quote from momoneythansens:

Nope. Nothing else really comes to mind! Looking at DEC though for a bit more VEGA exposure. Pricing some backspreads and calendars.

Not good. Giving it a miss till after OPEX week.