On the planet Zarkon an Iron Condor has 13.71 legs.
TOS standard rates are outrageously expensive at 9.95 + 1.50 per contract (I think it used to be .75 before TD Ameritrade). I have a "special...
I'm talking about ticket charges. Like I think Schwab charges 8.95 ticket charge plus .75 per option contract. Let's say you buy back 10 calls, it...
You should be able to only pay one ticket charge for rolling if you do it as a calendar or diagonal, e.g. buy the near call, sell the far as a...
I ran Thinkorswims expiration steps and it showed a pretty wide profit zone for APR5. Don't recall if i ran the vol steps. IIRC the short vols...
I tried a double diagonal on AMZN late yesterday: +MAY 170 Put -2.80 -APR5 175 Put +2.79 -APR5 185 Call +4.45 +MAY 190 Call -3.85...
No reason to disregard, it's just different. I would be interested to see how yours performs. Maybe start a thread in Journals if you want to...
Just to note the differences with the OP, he said to use 3:1 ratio of SPX:VIX, and to buy VIX 40 calls. Don't know how VIX correlate with VXX, but...
I've thought about this but never tested it. As you say you would need to exit both at or near the same time. The market could tank and the VIX...
For at or near the money I think you should always be able to sell.
You could do a synthetic short, buy a put and sell a call, theoretically for the same price as the option. That is, if the option is supposed to...
Selling the options should be a bit better than exercising and selling the stock. The options will have $10 of intrinsic value, plus whatever time...
Bull Call Spread. Oops, you edited.
Any other stocks like GOOG or AAPL announcing next week? I made some paper $$$ (the TOS paperMoney kind, not the worthless Ben Bernank kind) in...
Exactly, what's the inflation-adjusted valued of that $114,000?
That's the point I was trying to get across in my post the included the same Wiki page that Howard repeated. Even well known authors don't agree....
LOL, I wonder if your current broker is Schwab, who just announced a merger with OX. I went to the OX website and they are a bit light on...
Don't forget the expense of the rule of contract law and other minor stuff like that.
From the Wiki page: So I went to Natenberg and he defines it as short. Guy Cohen defines it as long. I recall seeing a post by atticus (or...
For one thing the OP is full of typos - two puts instead of calls, 930/920 reversed. As far why it's "long", probably because it has the same...
Separate names with a comma.