Recent content by SAA

Timbo, Many thanks for that. In this instant one can see the Volatility Skew amongst the different strikes. In this case the OTM puts have a higher IV. What is considered normal, I have read that a "V" shape is normal? Cheers SAA

After some more reading on volatitlity I'm finding it difficult to put all the pieces together. I think I'm getting the hang of some things, whereby vegas (is the measure of volatility) are greatest ATM (most sensitive) then OTM or ITM options. As volatility increases options prices increase and...

Well it seems you are well in your way to success in the Wealth journey. Keep in mind it takes time! I know it well via another vehile Real estate. I haven't started trading as yet, I'm still in the garage (so to speak) reading as many books as I can, so I go out to the street and put the...

If you dont mind me asking, given your experience as a trader. What caused those 10 losses to you? Its a real pitty you had so many wins, yet those few losses wiped you out! SAA

Thanks everyone for clarifying the mistake in this book. I'll send an email to the publisher to let them know. It can happen. Better not rely on this bible too much I think! Fantastic result and thank you for explaining it, why it doesn't make sense either!

Richard, Thanks for that. I have both books on order! Just waiting for Santa to deliver those still. My background is a very technical one, (Cisco Engineer) so I like to be 100% sure. In this case I'm still not sure. Please correct here me folks if wrong. Long Iron Condor = Bull...

Hi Mte, You sure on that its a short and not a long Iron condor? According to the bible of Options strategies (by Cohen) he states that its a long iron condor, BUT I have found some mistakes in his book with some other strategies. Cheers SAA

Thanks Ryan. That should keep me busy for a while :) All part of the hard work that is needed for success! Cheers SAA

OOPS I meant a Long Iron Condor (bull put spread + Bear call spread) on indices.

Hi lindq, Let me clarify, I'm not talking about directional trades here. I'm not interested in trying to select the correct direction. BTW I agree with what you are saying. After reading the book David Caplan I'm not interested in either the (Long strangle or Long Stranddle strategies for...

I'm new to all of these. You made your judment so quickly. What made you say that BTW, the words "short strangle"? I am new, and I understand that the risk is unlimited on either side of the fence. I'm more interested if a professional trader considers it placing it with a wide band, what...

Hi There, G'day to everyone here! First post. I'm looking for some help in trading Options and selecting the market to trade (individual Stocks or Index options or something else) via virtual trading to begin with! I'm new to all of this, have been reading quiet a fair bit now on...