Re: [TheOptionClub.com] Box option spreads

 

This is a great topic to discuss. What do we do about vacations? Do we always go on weekends or right after expiration? How about to go on vacation?  :) On Sep 28, 2009, at 7:12 PM, mcatolico wrote: No. there isn't much of a point in that. If it goes against me I have to look for some other type of trade that at a minimum has some chance at profitability. A box in that case offers nothing but risk mitigation. If that's all I wanted I'm better off just closing the original trade for a loss. From: OptionClub@yahoogro ups.com [mailto:OptionClub@ yahoogroups. com] On Behalf Of Paul Seifert Sent: Monday, September 28, 2009 4:02 PM To: OptionClub@yahoogro ups.com Subject: Re: [TheOptionClub. com] Box option spreads   Have you ever used the boxes to buy some time on a vertical position that is going against you? ----- Original Message ----- From: mcatolico To: OptionClub@yahoogro ups.com Sent: Monday, September 28, 2009 4:22 PM Subject: RE: [TheOptionClub. com] Box option spreads     Obviously from a retail perspective you have to leg into these to make any money. I still use them as a way to "pause" a successful position when I don't have a clue on what to do next (which is most of the time) but still want to retain an ongoing trade. Example: if long the 100/110 call vertical for $4 debit and the trade goes my way, I might add the 110/100 long put vertical for $5 if I can get it thus locking in a buck or so.  I can then use either or all of the pieces later on as the market moves around to try other things. From: OptionClub@yahoogro ups.com [mailto:OptionClub@ yahoogroups. com] On Behalf Of Jay Sent: Monday, September 28, 2009 9:40 AM To: OptionClub@yahoogro ups.com Subject: [TheOptionClub. com] Box option spreads Wondering if anyone has tried this strategy with success. Please share if had or still using  this strategy.

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