InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
85.86
(
-0.75%
)
Bitcoin
55,643.89
(
-0.36%
)
Post# of 2846
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Lord DarkHelmet

Send PM Follow Ignore
Followers 22
Posts 3641
Boards Moderated 4
Alias Born 09/21/2009

Lord DarkHelmet

Re: Fossil-Fuel post# 2734

Saturday, 10/27/2012 7:02:38 PM

Saturday, October 27, 2012 7:02:38 PM

Post# of 2846
At least on close on Friday, you are still $0.15 OTM on the options.

How much will it erode into Monday? Good question. It depends on if the MM's brought down the volatility on you over the weekend to avoid those selling the options not take advantage of over-the weekend theta.

Technically, it will erode by the theta per day, including weekend days. However, it is common for the MM's to drop the volatility before the weekend.

I guess we will see where it is at on Monday. If you have any profit Monday morning I would sell and get out. If it is down, I would get out then as well.

This is just a low probability trade.



Si vis pacem, para bellum — If you want peace, prepare for war.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up