StockFetcher Forums · General Discussion · Attn: KEVIN<< >>Post Follow-up
7,051 posts
msg #125327
Ignore karennma
9/30/2015 2:41:28 PM

Have you traded many Leaps?
(Or Options out more than 4 months)

4,599 posts
msg #125328
Ignore Kevin_in_GA
9/30/2015 3:13:16 PM

Nope - I have heard of them but never really looked at them for any of my systems. Is this something you are evaluating?

7,051 posts
msg #125330
Ignore karennma
9/30/2015 5:40:29 PM

Yes, .. "evaluating".
I completely understand how the short term options work, but for the life of me, I can't understand Y on earth anyone would pay $$$$s of dollars for "leaps" (options 6 months out) because I KNOW (and please, take me literally when I say I KNOW), the extrinsic value of options isn't worth a can of beans from the Dollar Store as you get closer to expiration.
It's like buying a brand new car. Once you drive it out of the lot and get home, you've already lost 20% of your money.

7,051 posts
msg #125352
Ignore karennma
10/1/2015 2:15:03 PM

I've started a Options thread in the "trading" forum.
We'll see how it goes.

767 posts
msg #125398
Ignore gmg733
10/4/2015 1:36:53 PM

It's all about the Greeks Karen.

When the SPY broke its recent 12 month moving average I considered selling a calendar spread because I thought the market from a long term was going down and I wanted delta on my side for that long term move without having Theta eat away at profits. Calendars are good for that.

What I did instead is purchase the SH. No leverage but net result is about the same.

Another option would be to sell a long term calendar and buy short terms against it. Helps finance short term options and addresses brokerage margins vs naked.

I hope this helps. Been focusing on futures trading lately. :)

StockFetcher Forums · General Discussion · Attn: KEVIN<< >>Post Follow-up

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