Comments for MarketNeutralOptions.com http://marketneutraloptions.com/blog Learn, Trade and Profit from Options Trading Fri, 12 Mar 2010 06:00:44 +0000 http://wordpress.org/?v=2.7.1 hourly 1 Comment on Services by Gary http://marketneutraloptions.com/blog/services/comment-page-1/#comment-10131 Gary Mon, 08 Mar 2010 17:47:12 +0000 http://marketneutraloptions.com/blog/services/#comment-10131 Hi Wilton, For the current trades we have on, we will wait for a few more days. This is because the risk/reward ratio for these trades are low. We're risking about $1 for $1. Chances are high that the market is due for a pullback soon. If this is true, we may have a good chance to close up the trades. Hope this answers your questions. Please let me know again if you have any more questions. Good trading, Gary Hi Wilton,

For the current trades we have on, we will wait for a few more days. This is because the risk/reward ratio for these trades are low. We’re risking about $1 for $1. Chances are high that the market is due for a pullback soon. If this is true, we may have a good chance to close up the trades. Hope this answers your questions. Please let me know again if you have any more questions.

Good trading,
Gary

]]> Comment on Services by Wilton Rooks http://marketneutraloptions.com/blog/services/comment-page-1/#comment-10130 Wilton Rooks Mon, 08 Mar 2010 16:07:39 +0000 http://marketneutraloptions.com/blog/services/#comment-10130 Newbie question. When a position is in a loss as your last two are right now with both SPY and IWM being above the break even point, what is the recommendation? Wait it out? Close it out? Thanks Wilton Newbie question. When a position is in a loss as your last two are right now with both SPY and IWM being above the break even point, what is the recommendation? Wait it out? Close it out? Thanks
Wilton

]]> Comment on Services by Gary http://marketneutraloptions.com/blog/services/comment-page-1/#comment-10121 Gary Tue, 09 Feb 2010 17:32:59 +0000 http://marketneutraloptions.com/blog/services/#comment-10121 Yes, sure you can sign up for our service. But please note that we only trade the American options markets. Yes, sure you can sign up for our service. But please note that we only trade the American options markets.

]]> Comment on Services by ahmad vikar http://marketneutraloptions.com/blog/services/comment-page-1/#comment-10120 ahmad vikar Tue, 09 Feb 2010 16:03:59 +0000 http://marketneutraloptions.com/blog/services/#comment-10120 hi gary, i m from india can i still subscribe to ur service. m very eager to learn from u.reply ASAP eagerly waitin. regards hi gary,
i m from india can i still subscribe to ur service. m very eager to learn from u.reply ASAP eagerly waitin.
regards

]]> Comment on ***Closed***RUT (Russell 2000 Index) Iron Condor initiated on 23 Mar 2009 by online stock trading advice http://marketneutraloptions.com/blog/2009/04/15/rut-russell-2000-index-iron-condor-initiated-on-23-mar-2009/comment-page-1/#comment-10115 online stock trading advice Mon, 11 Jan 2010 10:28:10 +0000 http://marketneutraloptions.com/blog/?p=199#comment-10115 I don’t usually reply to posts but I will in this case, great info...I will add a backlink and bookmark your site. Keep up the good work! I'm Out! :) I don’t usually reply to posts but I will in this case, great info…I will add a backlink and bookmark your site. Keep up the good work!

I’m Out! :)

]]> Comment on ***Closed***SPY iron condor initiated on 10 Oct by Gary http://marketneutraloptions.com/blog/2009/10/15/spy-iron-condor-initiated-on-10-oct/comment-page-1/#comment-10096 Gary Thu, 15 Oct 2009 16:40:53 +0000 http://marketneutraloptions.com/blog/?p=394#comment-10096 We are looking at the market to decide what to do next. We may close it today if the SPY continues to rally. Our breakeven point on the upside for this SPY iron condor is 108.89. If SPY expires at 109, we'll lose 0.11 ($11) per entry. We'll let you know if there is any update. Good trading, Gary We are looking at the market to decide what to do next. We may close it today if the SPY continues to rally.

Our breakeven point on the upside for this SPY iron condor is 108.89. If SPY expires at 109, we’ll lose 0.11 ($11) per entry.

We’ll let you know if there is any update.

Good trading,
Gary

]]> Comment on ***Closed***SPY calendar spread initiated on 23 Sep 2009 by Joules http://marketneutraloptions.com/blog/2009/10/06/spy-calendar-spread-initiated-on-23-sep-2009/comment-page-1/#comment-10082 Joules Fri, 25 Sep 2009 06:04:28 +0000 http://marketneutraloptions.com/blog/?p=380#comment-10082 Gary: Thanks...I have been doing iron condors with a delta of .10 on the call and put side which covers a large nondirectional span on both the DIA and the SPY. The only thing is the credit is like 20 cents, which does give you a good 10 to 12% gain. However, I think I would have to do like 50 contracts to make a $1000 monthly income. The risk in only 10% of a loss, but the margin requirements are high. I dont know how an adjustment would work on a delta that low once the price hits the breakeven points. Do you think its better to write the condors with a higher delta like .25 on each side and just adjust and roll it out and tighten it up if the price gets near the break even point on either side of the iron condor? I may try each strategy on the TOS paper account, but I would appreciate your insight into this. Thanks, Joules Joules Gary:

Thanks…I have been doing iron condors with a delta of .10 on the call and put side which covers a large nondirectional span on both the DIA and the SPY. The only thing is the credit is like 20 cents, which does give you a good 10 to 12% gain. However, I think I would have to do like 50 contracts to make a $1000 monthly income. The risk in only 10% of a loss, but the margin requirements are high. I dont know how an adjustment would work on a delta that low once the price hits the breakeven points.

Do you think its better to write the condors with a higher delta like .25 on each side and just adjust and roll it out and tighten it up if the price gets near the break even point on either side of the iron condor? I may try each strategy on the TOS paper account, but I would appreciate your insight into this.

Thanks,
Joules

Joules

]]> Comment on ***Closed***SPY calendar spread initiated on 23 Sep 2009 by Gary http://marketneutraloptions.com/blog/2009/10/06/spy-calendar-spread-initiated-on-23-sep-2009/comment-page-1/#comment-10081 Gary Thu, 24 Sep 2009 19:22:48 +0000 http://marketneutraloptions.com/blog/?p=380#comment-10081 Hi Joules, A double diagonal rolls to become a vertical spread on both sides forming an iron condor after the roll. An iron condor is non directional in nature. A calendar on the other hand (depends on how far the back month is) rolls into another calendar or simply closes for profit or loss. So in a way, to answer your question, yes, a double diagonal is non directional in nature. Please let us know again if you have any more questions. Thanks, Gary Hi Joules,
A double diagonal rolls to become a vertical spread on both sides forming an iron condor after the roll. An iron condor is non directional in nature. A calendar on the other hand (depends on how far the back month is) rolls into another calendar or simply closes for profit or loss. So in a way, to answer your question, yes, a double diagonal is non directional in nature.

Please let us know again if you have any more questions.

Thanks,
Gary

]]> Comment on ***Closed***SPY calendar spread initiated on 23 Sep 2009 by Joules http://marketneutraloptions.com/blog/2009/10/06/spy-calendar-spread-initiated-on-23-sep-2009/comment-page-1/#comment-10079 Joules Wed, 23 Sep 2009 23:02:08 +0000 http://marketneutraloptions.com/blog/?p=380#comment-10079 Gary: Is there any benefit in doing a double diagonal calender with the SPY vs the single calender spread? I was told the double gives you non directional safety? Thanks, Joules Gary:

Is there any benefit in doing a double diagonal calender with the SPY vs the single calender spread? I was told the double gives you non directional safety?

Thanks,
Joules

]]> Comment on ***Closed***RUT iron condor initiated on 27 Aug by Paulo http://marketneutraloptions.com/blog/2009/09/15/rut-iron-condor-initiated-on-27-aug/comment-page-1/#comment-10075 Paulo Thu, 10 Sep 2009 01:50:32 +0000 http://marketneutraloptions.com/blog/?p=363#comment-10075 Gary, do you consider closing the put side to take advantage of this rally? I say its not a bad idea if one can close it for 0.15 or less. Good trading, Paulo Gary, do you consider closing the put side to take advantage of this rally? I say its not a bad idea if one can close it for 0.15 or less.

Good trading,
Paulo

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