Simon, Can you tell us more of how to adjust iron butterflies to convert them to a risk free or high probability trade. May be you have already share about...
2604
D. Paris
parisd2002
Jun 1, 2005 6:56 pm
Phil, For how much below 0.80$ would you have sold yesterday the JULY 1110/1125 SPX Put Spreads based on given bid and ask? Denis ... and ... after ... price ...
2605
Christopher Smith
clslaw
Jun 1, 2005 6:59 pm
With SPX now above 1200, we should be thinking about how and when we adjust our iron condor position. Let's hear from you! What do we do with our call...
2606
Phil
optiontradin...
Jun 1, 2005 7:12 pm
I placed a limit order to sell the spread at $.90 with a b/a spread of $20/$1.70. After a while I reduced it to $0.80 and just left it there and over the...
2607
Phil
optiontradin...
Jun 1, 2005 7:17 pm
Do not be surprised that the SPX could not hold onto +1200. This is a mental resistance point and given a slow week this surge was not too sustainable....
2608
Mihai G
mihais
Jun 1, 2005 11:27 pm
Chris & all: In my assessment by the June expiration the SPX has a good chance of getting higher than 1210 (it's less than 1% for 2.5 weeks). And this is a...
2609
Doust, Simon
skdoust
Jun 2, 2005 12:21 am
Denis, When you are making bity of money on a butterfly (small or large) try buying one part of the spread back and either bringing the spread closer or out....
2610
CHARLES I WEBSTER III
kipwebster
Jun 2, 2005 2:53 am
Phil...Soundsd good to me...let's ROLL the CALLS ...Close out the PUTS (at a PROFIT)... Do some NEW PUTS Closer to the elevated Index to bring in MORE...
2611
boss cengkeh
cengkehpohon
Jun 2, 2005 11:33 am
for 34/38 DEBIT Spread. the short 38$ trade will be exercised at the expiration. so to cover it the 34$ trade would have to be STC. this would end up losing ...
2612
Michael Catolico
karensoich
Jun 2, 2005 12:30 pm
you want the 38 call to be exercised. that means your trade worked as planned. with the q's at 38 the 34/38 spread is priced at around 3.50. at expiration,...
2613
Phil
optiontradin...
Jun 2, 2005 1:59 pm
Do not interpret my discussion of 1200 as a mental resistance to mean I do not advocate making the adjustment to the call side. My previous posts were clear...
2614
boss cengkeh
cengkehpohon
Jun 2, 2005 2:18 pm
3.50$ to 4.00$. that is 0.50$ profit. don't you think its too small a profit. I think I would like 37/38 Debit spread instead. initial cost would be lower. ...
2615
Michael Catolico
karensoich
Jun 2, 2005 3:25 pm
it depends on how you measure returns. that fifty cents represents a 14% return for three weeks. if you did the buy write and bought stock at $38 and sold the...
2616
Christopher Smith
theoptionclub
Jun 2, 2005 6:50 pm
... This is a critical aspect of trading iron condors such as what Phil profiled during the chat session. These positions are high probability trades, meaning...
2617
healionr
Jun 2, 2005 11:58 pm
I am aware of delta neutral trading yet fail to grasp its significance in managing postions. Currently I am attempting to learn the ropes, ie not spitting into...
2618
Charles H Martin
charlesmartin14
Jun 3, 2005 12:51 am
I can provide a little math background here, which perhaps will help a little or at least stimulate some discussion... The idea of being delta-neutral comes...
2619
healionr
Jun 3, 2005 1:26 am
Sorry to be facile If you choose to initiate the spread toady at 14 days to expitration you could sell the 1165/1180 put, the 1125/1140 call for $215. This is...
2620
healionr
Jun 3, 2005 1:49 am
My thanks for your reply, feel free to claim a piece of moon in payment... Seriously some guy is elling it off at $60 per plot he has sold over 250,000 pieces,...
2621
Michael Catolico
karensoich
Jun 3, 2005 2:08 am
i'll make some assumptions. first when you say you sold the 160/250 put spread i'm guessing you meant 260/250. then when you say you rolled it up to the...
2622
CHARLES I WEBSTER III
kipwebster
Jun 3, 2005 1:47 pm
Charles ...MANY thanks for such a crisp explanation of a very complex mechanism...Traderkip ... You're never old, unless you think you are; but it IS later...
2623
healionr
Jun 4, 2005 1:06 am
Thank you both for your explanations. I conclude delta neutral is for portfoilo protection.So therfore in pure otion trades it has little bearing except that...
2624
healionr
Jun 4, 2005 1:34 am
Greedy me hogging the forum. Goog closed at 280.26 dropping approx $7 on the day. I had initiated a trade on GOOG selling the 280/270 july put spread. This was...
2625
CHARLES I WEBSTER III
kipwebster
Jun 4, 2005 6:16 am
Bob..Now that some modicum of reason has infiltrated the greedy minds of the investing retail herd...the price momentum has slowed..the recent pullback for "a ...
2626
healionr
Jun 4, 2005 8:36 am
The history of goog does not inspire me to any confidnece as to its real market value, the so called opinons on buy came after it began its gallop. Funnlly the...
2627
healionr
Jun 4, 2005 12:04 pm
Thank you Michael. My son has come for the weekend and has been on line killing nasty images from someware, and though I and glanced at your reply had not the...
2628
Michael Catolico
karensoich
Jun 4, 2005 2:10 pm
it's a little difficult to follow some of your trades. but what i can figure out is that you are short the GOOG july 280/270 put spread for a net credit of...
2629
Charles H Martin
charlesmartin14
Jun 4, 2005 7:11 pm
Just a quick question if you have the time... What do you mean by the model showed half a theoretical profit on what was offered? ... From: healionr To:...
2630
healionr
Jun 4, 2005 11:04 pm
Hoadys Excel based model works on the Theoretical price an option should be. It was the profits based on the inputs was around $0.7 however the bid to ask for...
2631
Charles H Martin
charlesmartin14
Jun 4, 2005 11:36 pm
Thanks for the clarification. I guess I am just kind of cuirous as to what models people here use and what their general experience with them has been. With...
2632
j_intampa
Jun 5, 2005 10:25 pm
Kent/FX_FADE: Sorry for delay in response. After QQQ experience, I went back to my original methodology of Oscilators projecting likely future course of...
