It is of interest to me. I put an XLE calendar on on 7/13. My high breakeven is $55 and it is at $54.31. I have a couple of others like that - DIA and OEX - close to or at resistance and waiting for a pullback. My guess is you entered at a better iV, but you are entering about at the end of what I consider my entry window. It will be interesting to see.
The beige book is due out today, which may back off the price a bit and raise the iV on my positions to help me out a bit.
Keep me posted.
Bill
To: OptionClub@yahoogroups.com
From: robhansen5252@hotmail.com
Date: Thu, 29 Jul 2010 04:57:22 +0000
Subject: [TheOptionClub.com] XLE Aug-Sep Gorilla Calendar
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To: OptionClub@yahoogro
From: robhansen5252@
Date: Thu, 29 Jul 2010 04:57:22 +0000
Subject: [TheOptionClub.
Hi. I opened up a "gorrilla calendar" time spread in XLE on Tuesday. I know that on occasion, this forum has tracked various options strategies, trades and adjustments both theoretically as paper trades and in real time. If there is any interest, I'd be happy to report the particulars of the trade, profit goals, adjustments, etc. as they occur. Of course if there are any differing opinions as to how to handle the inevitable scenarios between now and August expiration, they can be debated. Could this possibly be a learning experience?
RFH
RFH
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