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Just wanted to say that I'm posting my ideas and live experience on this blog in order to share it and learn from members of our community. I'm not trying to lure anyone to invest irresponsibly or anything like that. A few members of our community had posts today saying they are holding the 220P 3-week calendar through earnings, out of frustration, as they couldn't sell it for a reasonable price. I would be TOTALLY against that. Making desperate moves out of frustration is the one thing that will - with certainty - make you lose all your capital in the long run. Yes, it is likely that LNKD will open around 215-220 tomorrow and the spread will be worth north of $3.50. Those who held it overnight will feel smart as they just tripled their money compared to selling it last minute on Thursday. But an isolated success like this will simply plant the seeds to making more irresponsible investment decisions in the future that eventually will result in big losses. You can be lucky a few times, but when the odds are against you, you will lose in the long run. Trust me, I've been there. The strategy I proposed is to try to take advantage of the temporary mispricing in the 3-week calendars, and come up with a strategy that will be profitable with high likelihood but of course not with 100% certainty. I eliminated the very big upside by spreading my investments to cover ALL price ranges for LNKD tomorrow. But that's ok, as it makes it a responsible/reasonable investment as oppose to a wild bet. The strategy I proposed is somewhat difficult to implement, so if you're not extremely comfortable with trading options I wouldn't recommend it at all. But as part of our joint learning process on this blog, I hope it can be useful for many of us.

Another option is if you haven't negotiated your fees with TOS yet, is to go on Dough and complete DoughJo, and then contact Tastytrade. They will give you a number to TOS help desk and they will give you a better rate (1.5 per contract) without a ticket charge.

VIX weekly options starting Oct 8th: http://www.optionmonster.com/drj_blog/article.php?page=drj_blog%2Fvix_weeklies_coming_oct_8th_on_sonar_report_today_105996.html&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+optionmonsterDRJsBlog+%28optionMONSTER%3A+DRJ%27s+Blog%29

Hi, With VIX at 12.03, I entered a VIX August/November 16 put for 0.60 credit, I believe this is a high risky trade as the trade only leaves about 18 calendar days for VIX to spike but I want to get a feel for the VIX put calendar (as opposed to putting on a VIX put spread), I anticipate a loss for me on this trade and/or might have to roll the front month to September in the next 2 weeks, Best, PC