My bad. Tongue in cheek doesn't work well on the internet.
Just double down by averaging down/up until you're eventually in the green. I've only ever lost once doing this. :)
Me too. Friday can't come soon enough. Theta drip feels so slow with the amount of gamma on the table. I'd imagine the theta will start pouring...
Slim pickings for the end of the earnings cycle. I entered into a put ratio spread near the close to give me something to do in the morning. Bot...
*sigh*
[shakes head] Plot P/L vs. underlying. They look the same. If they don't, just stick with buying plain vanilla stocks.
MCD is not a fast-food company, but rather a real estate company. How will the eventual rise in interest rates affect it?
It's been a pretty good earnings season for me. Except for AAPL, all the neutral plays have worked. ATM Aug 5 straddle ($41) closed at ~$3.10....
To make ndtrader happy, I'm long the Aug5/Aug19 41 call calendar in ATVI @0.25 x 40.
Just a couple of the big bank brokerages. BMO Investorline and TD Direct Invest.
For any kind of trading volume, IB is the only way to go in my mind. I have no complaints. I also have BMOIL and TDDI, but w/o TOS for my...
A tent vs. an...igloo (first thing that comes to mind). Not sure if that means anything to anyone.
Exactly. The convexity speaks to the difference in gamma between the two setups.
I have nothing against calendars for earnings play. I actually used a calendar for AAPL. I won't repeat myself about integrals between the b/e...
Closed the strangle. As I was legging out, my 3-year old powered down my computer. I logged back in through the iPad and I ended up having two...
Iron condor isn't undefined, but I get your point on gap risk. But that risk is not uncompensated like I posted earlier. I'm not anti calendars...
It is not. Undefined risk trades would therefore by definition never have potential for a 100% ROM as compared to debit spreads. Does this mean...
Of course it is--it's pinning the strike @$224. Yes, in this instance a calendar would have been better than a strangle. But I won't be shedding...
Edit: integral of short STRANGLE between b/e points >> integral of calendar between b/e points
Another thing to note about the strangle is that the unlimited risk is not uncompensated. There is a significant difference in gamma which has...
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