As BKR88 said your position is just a short strangle.
As soon as you put your short on you are exiting the long.
Ahhh is this a trick question cause if you are long and short the same contract you have no position as they cancel each other out.
Ok lets reword the question to see if we can't get some more response. If I am short puts or a combo what is the best/cheapest way to add some...
Ok lets use an example. index is at 1000 trades down to 950 then rallies to 970 next day which gives me a signal that for the next 30-45 days...
Doesn't convexity work in my favour with the RR though? What are your thoughts on the backspread then if you don't like the RR? Trying to keep it...
Ok digging into the weeds here but lets go. I use options because I am willing to cap profit (premium received) in order to take a smaller loss...
Doesn't the RR give you that convexity though? I have done that "trade smaller" but as the portfolio grows am now having to increase size to keep...
Too far out both my suggestions get you in alot closer to the market.
Yea no trying to keep it simple.
Hey guys so I am looking for some suggestions from the smart people here on the best ways to hedge short vol mainly on the put side. Background:...
Lol you will have to get into the trenches with us mere mortal option traders and pick a direction Taowave.
You are giving up edge when you trade ditm options. You will get a much higher chance of mid fill going long stock short call than going short...
Is there a particular delta you like to have your long and shorts at?
Hey Taowave I see you mention a bit in your posts about doing ratios. Are you going long closer to the money and short the wings or like a...
xjo index options
Ya Mum :-)
LOL I didn't say it was a good trade I merely pointed him to where more info was.:)
Google Zebra trade and you will have all the info you need.
Hey Dest so what you are saying is say sp500 trading at 4400 buy Nov 4450 sell Oct 4500 for example?? I seem to remember in another post of yours...
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