Then why are you posting? Must be your narcissism acting up again. http://en.wikipedia.org/wiki/Narcissism :)
You don't understand how credit spreads work, the maximum risk was $12,000 minus credit received. SPY less than 195.00 Sell 120 contracts SPY...
Those are moot points. Just adjust your trading to bring the commissions per trade down by buying/selling more contracts. Even a 1 contract...
Short 12,000 shares at $195.00 each. :)
IB - $10,000 USD minimum to open account. IB commissions - $1.50 CAD per contact. TD Waterhouse - No minimum to open account. TD Waterhouse...
Debit spreads can be profitable well before expiry. :)
Absolutely not ...... The market can take back profits or add to losses very quickly on both positions. Prudent to sell before expiry depending on...
You don't have to hold to expiry. If SPX was up 0.7% instead of down 0.7% I would be inclined to close either position with only one day to...
You are the one that first mentioned the debit spreads in post #7 and you came up with the OTM SPX 1950/1955 call debit spread. Not me. In...
The values I posted are what the current bid/ask is at. Obviously nobody would close them at this time. Both positions are at 100% loss, nobody...
UPDATE: Comparing the debit spread to a long only position. After 1 day 1950/1955 call debit spread bought at $1.65, can be closed for $0. P/L...
OK ...That's a good example and time frame. My numbers are slightly different but it won't affect the outcome. 1950/1955 at $1.65 1950 at $2.85...
No need for the song and dance, just post a debit spread of your choice and we can compare the two positions as they progress. That should clear...
Dolemite ..... Post a debit spread of your choice and I will post an equivalent position using only the long option. We then can watch the...
Verticals/debit spreads are useless. The short option isn't worth the premium you receive. Check it out sometime - compare a debit spread...
Straddles/strangles are too expensive. Go with either calls or puts, not both. :)
BBRY previously RIMM :)
Is this a Stop Order or a Stop-Limit Order? :)
Bull Call Spread / Debit Spreads are useless, the short call is like having a piano tied to your back. I recommend buying the call ONLY and if you...
What you are missing is the astronomical cost of the puts if they are used as you posted. :)
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