RFH
Be very careful - especially with IC's - they can be one of the most dangerous trades out there... Yes, mine are threatened too, and I work strictly according to my rules, rolling them away if I need to or closing them down as required.
Peter.
(my blog is: options.freeblogit.com)
From: OptionClub@yahoogro
Sent: Wednesday, 16 September 2009 2:05 PM
To: OptionClub@yahoogro
Subject: [TheOptionClub.
Anyone else out there being threatened? For Sep expiration, I have three going in SPY with one of these already with a short call ITM and one more close. The 105 calls had a delta of .18. I have one in XLE which started with the short call having a delta of .15 and should have been safe. It's less than .50 from hitting my short call. My last one is in EFA which right now is the safest. The 56c had a .08 delta when I opened it. My buddy Dan Sheridan advocates the high probability iron condors having a short option delta in the .10 range. Looks like this is the only way to sleep easy these days. Comments please.
RFH
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