Really? OK, what about sellers of OTM call credit spreads? How did they do? Did they get creamed? No. They made money. You're an idiot....
Really? Sellers of slightly ITM call credit spreads got creamed?
So much retardation, so little time. The last Republican president who did anything was . . . Abraham Lincoln? Memory fails me. (And no, I'm...
What is the status of your long call in this scenario?
I'm talking about expectancy. We seek positive expectancy in spread trades -- i.e., over the long haul we expect our trades to net out at a...
Expectancy would be probability of short strike expiring ITM X max profit minus probability of long strike expiring OTM X max loss (with a...
But my point is that some spreads MUST have negative expectancy. Your method doesn't allow that, as I understand it.
Yes, my short leg is ITM as is (of course) the long leg. I was just trying to grok your estimation of payout. Can you explain in more detail?...
Yes. You have a unique ability to miss the point. Look at the fucking math.
Not a typo. Take the similar put spread available now: FXI @ $42.76 Jul15 $45.50 put B/A = $2.97/$3.10 Jul15 $46.00 put B/A = $3.35/$3.55 Best...
Maybe they didn't.
Well, I model it, although IV is an input that is hard to predict. So no, I don't accept delta as an approximation of probability. Not that it's...
Quoted bid/ask on the spread I purchased was $0.25/$0.54, and I bought within seconds at $0.40, so I don't know what to tell you. I do not filter...
The "sleep at night" issue has nothing to do with P/L. It has to do with whether or not one is worried about an ITM short leg getting exercised...
I prefer TSI (True Strength). It is a nice combination of leading and lagging functions.
Sure, I might have the shares called away, but my broker will exercise the long leg to cover in that event. I pay attention to (scheduled)...
OK, fair enough. Now tell me why you make wholly inaccurate statements to try to defend your positions. All you do is inject noise into the...
Hey, look! You ignored everything else! Predictable. And no, those exact expirys would be stated as JulWk2, Jul15, JulWk4, and JulWk5. Learn...
That I can agree with. Yep. I do it every time. I almost always end up with the debit spread. A penny either way makes a difference on...
I told you the expiry. "Jul15". The July 2015 options. 3rd week of July. You're the idiot who thinks that "Jul10" means "10th of July"....
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