Skip to main content
No. of Recommendations: 5
<<How did your spreads do yesterday?>>

Hi Steve,

Bullish spreads lost money

Bearish spreads made money

Index calendars made money

Index iron condors lost money

Straddles made money.

The large increase in implied volatility helped my calendar spreads and straddles since both types of trade are vega positive.

My options portfolio was up 0.02% on the day. Not great, but better than a long-only stock portfolio!


P.S. I'm considering taking bullish positions in Marvell Technology, Jabil Circuit, and optionsXpress. Two of the three (MRVL, JBL) have accounting problems, so my position size would be 2% max.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.