Thursday, March 11, 2010

RE: [TheOptionClub.com] Re: SPY Just Hit My Short Strike

 

Hey.  Get off my thread!!  I am having a hard enough time climbing the learning curve without all the noise!!!

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of Nick Horowitz
Sent: Thursday, March 11, 2010 2:41 PM
To: OptionClub@yahoogroups.com
Subject: RE: [TheOptionClub.com] Re: SPY Just Hit My Short Strike

 

 

Is the market about to peak? Check out the latest video:

---------------------------------------------------------------

Smart Money Video Updates

---------------------------------------------------------------

Double top?

 

Big day tomorrow?

 

New Highs are here

 

Killer bottoming pattern

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of RobertH
Sent: Thursday, March 11, 2010 11:01 AM
To: OptionClub@yahoogroups.com
Subject: [TheOptionClub.com] Re: SPY Just Hit My Short Strike

 

What premium did you receive for the 115/118 spread? Is the butterfly you are considering the 115/118/121? How much will you be paying for the butterfly? To get the same premium, you may have to put on additional 118/121 spreads to make up the difference. However, your risk and margin will both be increased. Personally, I like to sleep better at night having a cushion on the upside.

Good Luck,
Rob H.

--- In OptionClub@yahoogroups.com, "metagunny" <justin@...> wrote:
>
> As part of my iron condor position, a few weeks ago I sold the Mar. 20th 115 Call and bought the Mar 20th 118 strike.
>
> The SPY has been flirting around this price for the past few days.
>
> I think there is massive resistance around this price, so I haven't done anything yet.
>
> However, the options are expiring in less than 10 days, so I have a few options.
>
> Since the options are expiring in about a week, I was thinking about creating a butterfly position, since the price shouldn't move past three or four points in the next week anyway.
>
> Or, I could just sit on the position, as I think there is a good chance it will expire below the 115 strike. My only worry if this HAPPENS to be the week it breaks above this resistance level, it will be on good volume and a good surge.
>
> I think we are due for a pull back soon though.
>
> Thoughts or ideas?
>
> Thanks in advance.
>

__._,_.___
Recent Activity:
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.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
.

__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)