6 replies to this topic

[denleo]

I am closing the second half of my bearish options strategy for 75 S&P point profit (the first half was closed for 40+ points). I am flat. Short-term the market is looking for a low today. Denleo

[eminimee]

Well done Dennis....but I'm really curious how that was set up in the beginning. Could you tell me exactly what you bought or sold to create that spread? I'm always interested in things like that. TIA

[denleo]

Thanks Tea, It was a combination of long OTM puts and Diagonal ratio call spread (short 1 ITM Aug Call, long 2.5 far OTM sep calls). Both benefit from Vol advance more than price decline. Denleo

[eminimee]

thanks...Greek to me.

[NAV]

Good trade denleo !

[vitaminm]

http://finance.yahoo...?d=v1&s=itm otm

[101001000x]

ITM = In the money OTM = Out of the money That's my abbreviation anyway