Today's Action Cont. Rolled NEM bear calls into NOV with same strikes for $0 + commiss. Profit/Loss Acct. Value: $16,429.00 YTD Gross P/L: $7,245.00 YTD Commiss: $816.00 YTD Net P/L: $6,429.00 YTD % P/L: 64.3% Currently sitting on a $210 loss on these. In the past I think I have realized the loss on a roll after the position is closed. Just wanted to make sure everyone realized that there is a paper loss involved in this trade.
Hmmm...VIX at 10.81. Is going long VEGA at this juncture a high probability prospect? Is it possible to leverage this high probability and get high reward/low risk at the same time? Best of both worlds. To find out the answers to these questions and hundreds of other critical trading questions go to www.momoneyscrystallball.com - sign up today!
I think part of the dropping of VIX can be attributed to the weekend effect. It will pop back to 11+ on Monday if nothing else happens.
Nope. Nothing else really comes to mind! Looking at DEC though for a bit more VEGA exposure. Pricing some backspreads and calendars.
11+!!!!!! I'm looking for 15+ It would only take a 40-point SPX drop. You heard it here first folks. Gapping down 20-points over the weekend and giving up another 20 intraday on monday.
Don't feel bad. I did too. Given Mo's sense of humor I had to find out if he really put a site together.