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Putcalendar

Opening (Margin): /ES May 19th/June 16th 4130 Put CalendarWith IVR at a 52 week low, selling the front month 40 delta, buying the back month same strike here for a 21.00 debit to take advantage of any volatility expansion we may get, particularly running into FOMC. Filled for a 21.00 debit.* Will look to take money, take, run at about 10% of what I put it on for or around 23.10 or so and/or look to reduce cost basis in the calendar by rolling out the the short put in the event that this doesn't happen immediately. * -- Unlike SPY, which has a multiplication factor of 100 (i.e., a setup routed for 1.00 credit is worth $100), /ES has a multiplication factor of 5, so this trade was routed for 21.00 times 5 or $1050.
CME_MINI:ES1!
by NaughtyPines
4
OPENING: TLT MARCH/JUNE 120 PUT CALENDAR... for a 1.56/contract debit. Notes: TLT is in a really low implied volatility state (30-day at 9.5%) and at or near horizontal resistance in the 122-123 area. With a June hike being talked about in terms of timing of the next hike, I figured I'd put on a calendar to potentially benefit from that scenario, which would lead to a downturn in the underlying along with a volatility expansion, both of which would benefit this setup. Not looking for much out of it: 20% max.
NASDAQ:TLTShort
by NaughtyPines
OPENING: MU MARCH/JUNE 34 PUT CALENDARDecided to do something slightly different in Micron than an upward call diagonal (See Post Below) ... . Here's what's important about this trade: Max Loss on Setup: $151/contract Max Profit on Setup: Indeterminable Front Month Value on Setup: $253 credit Back Month Value on Setup: $404 debit Theta: .99 Delta: 2.92 In a nutshell, it's a fairly delta neutral, theta positive setup, with the goal being to reduce cost basis in the trade by rolling out the short aspect for additional credit. I would note that calendars are traditionally considered a low volatility environment setup, with the calendar being placed in a manner that would accommodate a volatility expansion and/or downward movement (i.e., out of the money and on the put side). In contrast, this is just a cost basis reduction setup that doesn't require the expansion or the movement ... .
NASDAQ:MU
by NaughtyPines
10