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The 10 Most Recent Messages By fullofcarp

Take me back to where I was.
  • Date: 4/24/19 5:38 PM
  • Number: 40407
  • Recommendations: 1
Jeff, it's important to keep in mind whether a particular position is intended as an investment or as an income trade. Locking in gains can be consistent with either goal, but capping upside is not. As long as you're fully in with the idea
(Continued...)
  • Date: 4/23/19 8:19 PM
  • Number: 40399
  • Recommendations: 4
I like martin's idea of "rolling in" while rolling up. But July 130 is one of many choices available to you, and July and 130 are just one combination of many that are available, depending on your preferences. For me, I exercise
(Continued...)
  • Date: 4/10/19 5:26 PM
  • Number: 40346
  • Recommendations: 6
Note that the "expected" move (i.e., 1 standard deviation) is 29.71, which relative to today's closing price of 363.92 would be 334.21 ... so your short put isn't exactly a low-probability event. So unless you're ready to take
(Continued...)
  • Date: 3/27/19 6:39 PM
  • Number: 40235
  • Recommendations: 2
S&P500 (/ES) futures

STO 1 - April 2850 Put (sell 1)
BTO 2 - April 2770 Puts (buy 2)


martin,

That ratio spread has a lot of positive vega and negative theta at current prices (although granted, I
(Continued...)
  • Date: 1/27/19 1:15 PM
  • Number: 39983
  • Recommendations: 2
Thanks for that description, martin. It's clear that there are multiple ways to make money in the market, just as there are many ways to lose it.

as always, i am full of carp
  • Date: 1/26/19 6:38 PM
  • Number: 39981
  • Recommendations: 4
Interesting ... his approach is nearly 180 degrees opposite of the TastyTrade approach. Carter seems to focus on directionally-based trades, closes losers quickly and lets his winners run. In contrast, TT tries to stay sort of delta neutral overall
(Continued...)
  • Date: 1/12/19 8:38 AM
  • Number: 39914
  • Recommendations: 0
martin,

I'm confused about your atomic hedge. Either I'm remembering the criteria completely incorrectly, or else you've decided to set it up at nonstandard strikes. I thought that the criteria were a 32-delta put and the short
(Continued...)
  • Date: 11/10/18 10:41 AM
  • Number: 39407
  • Recommendations: 1
I would tread lightly until contango returns... I wouldn't be surprised if this chop lasts awhile.

martin,

We're back into (very slight) contango right now (nearly flat), with slightly elevated longer-term
(Continued...)
  • Date: 9/15/18 8:11 AM
  • Number: 38903
  • Recommendations: 0
Thanks Vish.

And out of more curiosity, I just glanced at it a bit more and see that despite the price drop the past two months, its implied vol seems quite low. But I'm seeing conflicting earnings dates ... two sources are guessing
(Continued...)
  • Date: 9/14/18 8:52 PM
  • Number: 38897
  • Recommendations: 0
If you are considering further options, consider the Dec 2019 $130 calls.

Vish, with a 52-wk high of 112, are you really that confident about 130 (for about $2) within another 15 months? Or might a lower strike make more
(Continued...)
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Take me back to where I was.
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