I'm afraid I don't know more - all my knowledge (and there isn't much, I'm afraid) has been recorded in this thread (and, like you, I visit scott...
Thanks, I appreciate your input. Best daddy's boy
Thanks for your reply Bitstream. According to your info, all is sweet and all one need do is wait til expiry and the long puts will be...
That's a nice summary MoMoney. Daddy's boy
Bring the long far otm strike closer to the body. You need to keep in mind that the BWB risk graph shows the risk at expiry and may be a bit...
I tend to agree with Don. If you're long the put and the underlying is not trading (for whatever reason), then the only way you could exercise it...
This is how I see the value of backtesting. Advantages - 1)gives you the confidence to pull the trigger. 2)reinforces a...
It's a directional play which you can play both ways - place a call and a put bwb at the same time (like a strangle) - which should work out well...
bwb stands for broken wing buterfly. As jj90 said, the far otm wing leg is bought to reduce margin, iow there's asymmetrical distance between...
As mte said, it's a sure thing if you can leg it for those credits. Have you actually tried placing this order as an iron condor and not two...
Pleased to hear that since I just opened an account with TOS. daddy's boy
Hi Eliot I've read the book a number of times and yes, the strategy has worked for me so far on the trades I have placed (only 6 ), keeping in...
Looks like a very good trade from the point of view of timing - the underlying is right at your short strike. You can close out the whole cal for...
Hi stoxtrader To add to mte's answer. Your formula is correct but you need to know what values to plug in. Once you know your risk then you know...
I'd like to make some suggestions but don't have enough information. Is your overall position profitable? What were your exit criteria before you...
This is daddy'sboy's daddy. :mad: .Daddy'sboy has been sent to his room and won't be allowed out until he sees the error of his ways. Meanwhile he...
You're right - cheap shot on my part. Sorry Daddy's boy
I know volatiltiy isn't a greek nor is time decay nor is price of underlying, but vega/theta/delta/gamma are and if a trader understands the...
No problem. Best Daddy's boy
Don't worry, I will. And I'm not "talking down" to anyone, simply offering an example to support my point of view. Not everyone here has an...
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