ofcourse, any trade is not a set it and forget it. but i set up in the safest manner possible knowing that adjustments will be necessary.
ok guys, we'll just have to agree to disagree on those trades and whether they are a safer alternative to iron condors/credit spreads. i am not...
no its not an issue, its just a wayyy too risky trade. i'm trading a pm account and can see a trade like that really doing some damage to you...
sorry guys, i have to disagree strongly on the posts about selling at the money straddles or strangles as a safer income strategy. look what it...
my bad, i'm assuming everybody is using the thinkorswim platform and viewing the greeks from the analyze tab.
i agree with the guys that say the iron condors are very risky but iron condor traders should know that there are even riskier strategies out...
now jim cramer is full of good advice but he's just too bearish most of the time lol.
the only thing u can do is either add new long positions or just sit tight and hope but hopefully u don't take any internet advice 'cause no doubt...
although they can be some sort of measure, probability of expiring/touching on tos is just another tool and i can see how a trader can be easily...
my .02 is to paper trade long enough to witness all the market can throw you and when you are ready to go in with real money, maintain the paper...
hfstartup, i can't top the thank you to the thank you's but thank you haha. i'm glad you see the clarification and even though i am just...
hello hfstartup, thank you for your reply to my reply :) i should clarify regarding a +theta trade and its importance. with my limited...
what are the underlying indices that you would like to trade the options on? are these etf's? off the top of my head and i am not an expert,...
i reiterate my previous post and starting out a trade with a back ratio design and not using weeklies. but, next time if you the stock moves...
its difficult to adjust weeklies. a iron condor on a stock like nflx is just too risky to start. maybe try adding extra longs and start the...
no. i meant try an entirely different trade idea. this is not going to be a profitable venture unfortunately. weekly cc's on any index or stock...
don't expect that your naked call is going to expire worthless after selling the stock. iwm like all stocks make large moves up and down. try...
my quick .02 these can be difficult trades to win but good luck.
crash? well, i have not a clue. maybe a decline of 10%-20% and rebound more than once and ending the year higher is my guess but this would be...
good post, atticus. i think a lot of credit spread traders are too focused in on the wrong greek 'theta' and how much money they are making...
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