Recent content by UgoDadeo

If you buy an ITM Put on SPY (not $SPX index), what are the chances you get excersiced and have the security put to you? In other words, is it better to use the index rather than the ETF? The ETF would allow a smaller position to be worked. For the 162 or 1620's one $SPX Controls 162K vs 3...

Great! Thanks exactly the idea I was looking for. Thanks again for all of your help.

You have helped tremendously. I did not understand how to use the delta to evaluate just how deep ITM to go. Do you have any thoughts on determining how much time to buy. In other words, I looked at May Puts. Would September be better? Thanks again for all of your help.

Thanks for the response. I see that my Greek is Weak. On 04/11/2013, the $ SPX was trading around 1593. If I understand the delta properly, the May 1620 Puts were selling for 33.80. The delta was about 71 Today, the $ SPX is trading around 1550. The May 1620 Puts are selling for 68.70. Buy...

What is the best options strategy to short the S&P500? I would be willing to buy into the S&P around 1480. And I would want to cover my risk at 1625 -- in case the beast runs to the moon. But I am new to options strategies, so any ideas are appreciated.

I gathered that the dashboard was pulling info directly from a ToS excel feed. Are you typing the information in manually?

IC 34 on different indexes??

Howard, I understood your system tended to purchase the spreads about 60 days out. I noticed you do not have any spreads in March. Have you shortened your strategy for a reason? As the indexes have trended higher recently, I also noted the trades you mentioned (#72 and #63) passing the 20%...

Re: 12 JAN 2010 Trading Plan Howard - As an example, I can sell the credit spread in an opening trade for $ 1.60 credit. Later, I see that I can close the spread for 15% of the opening trade ($ 1.60 * 0.15 = 0.24 debit) then the dashboard would show the opening spread at 85% under the...

Re: 12 JAN 2010 Trading Plan Howard - Is spread # 70 or # 74 also unpaired? I ask simply to see if I really can read the dashboard correctly. Would you also explain a little more about how a spread reaches "maximum profitability". I thought the spread hit the max at the moment of the trade...

Well .... it proves that I can't read :o I misread the columns of the Dashboard and confused the Condor labeling with the credit received. Thank you for walking me through the entries. And I see I'm in the middle of a far more exciting conversation ...so I'll go back to watching the college...

I am still confused by the rolls. A roll was executed within Iron Condor (#15) by closing a PUT spread (#64) and opening another PUT spread (#74) closer to the NDX price. Howard -- what was the debit to close #64 – about 0.18 ? Did this make the roll a losing trade with more market risk...

Thank you Howard. This is all very interesting to me. Of course, I am sure you can tell these strategies are far outside of my understanding. I thought I had a handle on the process. But I see I really don’t. In the opening vertical spread - Since I was selling a put closer to the market...

Howard -- If this is a reasonable representation of the "rolling" of one leg, what is the typical cost to close the position as indicated with the y debit? Maybe you could ballpark the answer in terms of capital at risk - $ 25.00 (e.g., 4%).

Thank you Howard… I misunderstood the second post. To help me understand, I might roll a spread as follows: First leg: Vertical Sell 1 SPX Feb11 1350 Put $ xx.xx credit Buy 1 SPX Feb11 1375 Put Later I close the...