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Your most successful Short options trade?
- Thread starter OddTrader
- Start date
When you mean short do you mean naked?
My most profitable trades were during the sep/oct 08 falls - I was long vol through some calendars and diagonals on XJO oppies - my account grew by over 20% during that phase
My best trade though was last month when I was doing delta neutral spreads on BHP - I managed to walk away breakeven for the month through good MM and trade adjustments (Have a look at a BHP chart - I wasnt happy when they did a JV with RIO and the stock jumped 10%)
My most profitable trades were during the sep/oct 08 falls - I was long vol through some calendars and diagonals on XJO oppies - my account grew by over 20% during that phase
My best trade though was last month when I was doing delta neutral spreads on BHP - I managed to walk away breakeven for the month through good MM and trade adjustments (Have a look at a BHP chart - I wasnt happy when they did a JV with RIO and the stock jumped 10%)
Best day and month ever, September 15th of '08 when Lehman went under. Unfortunately, I don't qualify for the topic since I was short its derivative equities.Quote from Pinozi:
My most profitable trades were during the sep/oct 08 falls - I was long vol through some calendars and diagonals on XJO oppies - my account grew by over 20% during that phase
short near money calls/puts in the afternoon of expiration day. Sometimes within last 30 minutes. Gotta to watch and be ready to buy back - take loss immediately. The idea is your short opts expired worthless. One gotcha, if the company whose opt you are shorting has earning or big news next monday pre-market, your opt may get exercised even if out-of-money if you leave them on the table over the weekend. Happened to me. I shorted BofA call opts, it finished 0.01 of out money. Think I got it made ? Nooo, turns out next monday pre-mkt BofA had big earning and it was pre-mkt. I got ding big time! Out side of that exception I have been profitable 8 out of 10 expirations.