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January 12th, 2018 at 2:36 pm
Phil (or anybody),
What are general tactics when you place a multi leg options trade and underlying moves away too quickly to fill a leg? Here's two examples I'm currently in:
Example 1
Buy 600 FTR stock @ $7.41 ($4446)
Sell 6 FTR 2020 $8 call @ $1.30 ($780)
Sell 6 FTR 2020 $8 put @ $4.00 ($2400)
FTR went moonrocket before the put filled. Not too sad cause showing net profit, just not as much as if put filled.
Example 2
Buy 1 FAZ Feb $10 calls for $1.10 ($110)
Sell 1 FAZ Feb $11 calls for 0.45 ($45)
FAZ price sagged before $11 call filled so trade is underwater.
Thoughts?