Chapter 2 – Liquid overview and terms
|
| Adjusting a losing trade |
10 |
| Closing a losing trade |
13 |
| Taking a profit |
13 |
Chapter 3 – short call in collar (covered call) adjustments along with long put in married put
|
| Preamble |
16 |
| Covered Call |
17 |
| Short Call |
19 |
Chapter 4 – Put adjustment and married put position
|
| Reasons to get out of a put hedge |
34 |
| Reason one – avoid an exercise |
35 |
Reason two – it is near expiration and you have to get
out before hedge expires |
43 |
| Reason three – the underlying has sold off and you |
46 |
| Reason four – the stock has bounced |
58 |
| Conclusion |
59 |
Chapter 5 – Flow chart
|
| Flow Chart |
61 |
Chapter 6 – Long Call into call spread on expiration day
|
| Case Study |
66 |
Chapter 7 – Platinum butterfly hedge adjustment to close and save money
|
| Case Study |
76 |
Chapter 8 – rolling complex positions up or down staying in the same month
|
| Introduction |
81 |
| Main Material |
86 |
| Criteria |
91 |
Chapter 9 – Adjusting, protecting, legging and stopping out vertical spread
|
| Preamble |
97 |
| Concept Overview |
98 |
| Short vertical spread going against you |
|
| Part 1 – Important variables |
101 |
| Part 2 – How it works |
104 |
| Part 3 – Criteria |
111 |
| Short vertical spread going in your favor |
129 |
| Long vertical spread going against you |
135 |
Chapter 10- alternative spread choices
|
| Preamble |
137 |
| Case Study in SPY |
140 |
| Decision /Conclusion |
155 |
| Criteria |
161 |
Chapter 11- Adjusting, Protecting BWB (Broken Wing Butterfly) Spreads and Adjusting Criteria
|
| Case Study |
174 |
Chapter 12- BWB Adjusting Criteria
|
| Step 1 – Consider possible solutions |
181 |
| Step 2 – Determine if adjusting the BWB makes sense for you |
182 |
| Step 3 – Determine further steps |
183 |
| Step 4 – Determine where you have risk in your position |
184 |
| Step 5 – Buy an option at the strike at risk |
185 |
| Step 6 – Choose delta neutral or straight buys |
186 |
| Step 7 – Consider delta neutral |
188 |
| Step 8 – Trade 1 up |
190 |
| Step 9 – Weigh things intellectually |
191 |
Bonus Material
|
