jsd501 7:32 am on Monday, March 13, 2017

SPX strangles

I had April 3, and April 5, 2200/2500 strangles that I bought back this morning for a .05 cent profit. They were using too much margin for the risk and the small profit I could have made.

fuzzballl 8:50 am on Monday, March 13, 2017

Interesting. Just ran those through TOS portfolio margin and it’s over 11 grand margin to make 1.80 in three weeks. Probably is better places to deploy the artillery or buy the wide wings like fibwizard.
- fuzzballl 8:52 am on Monday, March 13, 2017
  
  Although that is still nearly 28 percent annualized on margin…
  - jsd501 9:02 am on Monday, March 13, 2017
    
    Yes, the annualized return is quite good but, if we get a correction I would not have the cash available to take advantage of the decline. I feel the post election rally is running out of steam and want to have ammo.