On Wed, 28 Oct 2009 12:18:00 +1100, Viky <vikas.basantani@gmail.com>
wrote:
>Hi Ricky, based on my notes which are usually more difficult to read than a doctor's prescription:-), the next adjustment was the asymmetrical butterfly roll which created a profit "tent" in the P&L. So if the underlying continued moving higher, you could make a profit bigger than the original credit on the IC. The downside, of course, was that it was a more costly adjustment (as compared to normal fly roll) and had a bigger loss if the underlying went to the sky.
Thanks Viky. Did you happen to copy down exactly what the trade was
in the "asymmetrical butterfly roll". What interested me was the
argument for the trade dd not just rest on the expiration P&L but also
the short term P&L graph.
Did anybody notice that on Dr. Summa's website there is l
advertisement for his book, "Options on Futures, New Trading
Strategies".
http://www.wiley.com/WileyCDA/WileyTitle/productCd-0471436429,descCd-tableOfContents.html
There is a chapter in that book, "The Coulda-Woulda-Shoulda Approach
Is Not Going to Make You Any Money". Hmm, I wonder if that is a
criticism of the methods of another one of Chris' speakers. Anybody
here have that book?
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