Thanks James.
Ross Hi, let me clarify ... - the actual position is 'the actual position' - the adjusted position is 'the actual position + proposed adjustments' - it allows you to play around with alternative adjustments until you find one that you like in terms of the risk graph, greeks or whatever criteria you use. I can't simply post a copy of the spreadsheet for various reasons ... at least not just yet .. Hope this helps Cheers James --- In OptionClub@yahoogroups.com, rvd <rvdidit@...> wrote: > > Thanks for posting James. > > Could you explain what the actual position vs adjusted means? > Isnt a position actual after it has been adjusted? > > I dont suppose you would want to post the actual software? > > Ross > > --- On Wed, 9/16/09, jamesbparker999 <jp@...> wrote: > > From: jamesbparker999 <jp@...> > Subject: [TheOptionClub. com] Re: Charles Cottle Presentation
> To: OptionClub@yahoogroups.com
> Date: Wednesday, September 16, 2009, 8:33 AM
>
> Martin
>
> Hi, it's excel based ... developed with a trading buddy ... option prices downloaded from the exchange, option functionality using Hoadley's excel add-in, dissecton algorithms from Charles Cottle's position Dissector and our own 'visual logic' of arranging all the data vertically underneath relevant strikes.
>
> We do have a multi-month version that copes with calendarised positions ..... but we primarily trade single month to avoid the additional [unnecessary?] complexity of multi-month positions.
>
> Happy to discuss further ... if you have any questions.
>
> Cheers
> James
>
>
>
> --- In OptionClub@yahoogroups.com, "janzen257" <yahoo.to.mj257@> wrote:
> >
> > --- In OptionClub@yahoogroups.com, "jamesbparker999" <jp@> wrote:
> > >
> > > Michael / Martin
> > >
> > > Using the concepts of dissection, analysis of fly prices, peeling the risk off AND leveraging exposure as a position approaches expiry, I have used Viky's LOW position and posted a file "1.02 LOW adjustments - peeling the risk off" to provide some visual representation of these concepts.
> >
> > Thanks very much, James! That's quite the spreadsheet you have there. Is it Excel, or OpenOffice, or...? Also, how in the world do you get it to draw the risk graphs?! (And what happens if you want to do a calendar? :-)
> >
> > As for the content, I'm going to have to walk through Viky's trade myself, step by step, to understand what's going on. The result after Adjustment 6 is very nice!
> >
> > Cheers...
> >
> > Martin
> >
>
>
>
>
> ------------------------------------
>
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The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
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