Friday, May 14, 2010

Re: [TheOptionClub.com] GS TRADE [was:How do you manage your Vega?]

 

II checked the liquidation value of this position at about 10:20 this morning and it would take between 40.45 to 45.65 debit to close it out versus 50.06 credit received up to now. Do you work with fixed profit goals or have some other method to decide whether to close out before expiration?

--- In OptionClub@yahoogroups.com, "mcatolico" <mcatolico@...> wrote:
>
> No change for 5/13/10. Premium is coming in rapidly but there's no real
> reason to add to this position by selling it. and it's still a little too
> expensive to buy in (though the gambler in me might buy the -145p/+2 140p
> backspread a few times).
>
> -----Original Message-----
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of mcatolico
> Sent: Wednesday, May 12, 2010 11:42 PM
> To: OptionClub@yahoogroups.com
> Subject: RE: [TheOptionClub.com] GS TRADE [was:How do you manage your Vega?]
>
> Ricky's correct on net position:
>
> Net position(corrected)
>
> -15 145c/+15 150c/+2 155c/+2 160c/+1 170c
>
> -1 165p/-3 145p/+4 140p/+1 135p/+2 130p
>
> Net overall credit is $50.06
>

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