Thanks! Gotta work now. Catch you later...

Let's Trade Options

Bloody hell, you really did make a video! Yes, that was crystal clear. It all happens in the last few days! Thank you so much, you're a star

Let's Trade Options

Oh yeah, I see thanks. Just close the thing for max profit. I was thinking of a really wild sudden swing from OTM to ITM after the vote but the results will be in by the time the session opens on the 24th, so probably not going to happen. Also, ...

Let's Trade Options

However, I suppose there might be cases where you think your short is going to expire worthless (worthless to the buyer, that is), but right at the end it suddenly recovers and it expires ITM. In that case you'll be unexpectedly assigned, won't you? ...

Let's Trade Options

I'm with you - close the spread or let the short expire worthless. That makes sense. I suppose letting it expire is always a "no no". Thanks!

Let's Trade Options

Ah, thanks Fool, I see what you're doing now. VXX up then down. Sounds reasonable for a "stay" vote. And for a "leave" vote... VXX up and UP! By the way, if your short option is ITM close to expiration, do you usually buy it back? Or do you ever let ...

Let's Trade Options

Thanks Zeebs, I'll look into that. Actually all my stock index ETFs are long-term and hedged with gold and bond ETFs. I don't lose any sleep on them but always rebalance once or twice a year.

Let's Trade Options

Yeah, thinking about some puts here too. I'm pretty long on the stock market already though with ETFs so it would just be greedy really. But in the name of practice... why the heck not Is there any reason you're choosing Jun24 instead of ...

Let's Trade Options

Mine filled in the blink of an eye. Probably because I paid too much! I must say that it's a pleasure trading such liquids options though. Those CME FX options are very thin on the ground sometimes.

Let's Trade Options

Decided to dip my toe in the water with a VXX calendar spread: - sold Jun17 17 Call - bought Jul01 17 Call - cost 35c Small position because I'm still a bit rusty. The main objective is to profit from any big moves after Brexit, by which time the ...

Let's Trade Options

Thanks, that link looks interesting. I had a play around with my broker's platform before (Interactive Broker's TWS). There are loads of tools on there to analyse options. Bit of a learning curve though. I might have to watch a webinar or two on it ...

Let's Trade Options

Thanks for the links, Fool. You gave them to me about a year back actually, but I'm embarrased to say I never got round to looking at them This time I will.

Let's Trade Options

Wow, a lot more good info here since this morning. Thanks TF and ZS. Sunday DIY eh... don't you just hate it? That calendar spread looks brilliant to me! Kind of perplexed why you wouldn't take it. But don't tell me... I want to figure it out for ...

Let's Trade Options

I'll have to read up about double diagonals and double calendars, but thanks for the tip. Actually I've never traded individual stocks in my life (only via index funds and futures), so that's a whole new ball game! But of course the principles can ...

Let's Trade Options

Actually I do have a couple of initial ideas based on what I know about options already. They don't trade the volatility per se, but rather a big move in the underlying, such as GBP. The first one is simply to BUY a strangle or straddle. I know that ...

Let's Trade Options

Thanks for the info. Yes, I see your trades popping up all the time on my profile page but haven't really delved into them until now, purely because option trading has been off the radar and my trading/forum time is limited. But as part of my ...

Let's Trade Options

Great post Sisse. And very important summary (quoted above).

The Really Useless Thread

So Fool-san, I was going to ask you a bit more about how you've been preparing for the almost-certain volatility spikes which will occur near the end of June, mostly (?) due to Brexit. But after digging around a bit online I've realised I'm in way ...

Let's Trade Options

Hey man, I hear ya! I'm an old fool too because I didn't even get the number of permutations right . It's 8 (2 x 2 x 2), not 9. And this assumes that they're all binary events, which isn't really so in the case of OPEC. Anyway, like I said, ...

The Really Useless Thread

Hey TF, long time. Hope all is well. What you've given is just one of nine possible permutations! If I had to give mine, I'd say: 1) Brexit - probably not, despite what the polls might suggest nearer the time (think Scottish Referendum) 2) Fed hike ...

The Really Useless Thread