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@MrAgi1 before you get down into the rabbit hole of structured products, think about the original trade for a minute: Spreads = low tail risk Can you really subscribe to that idea? Would you come to the conclusion that you did not map out every scenario and just looked at tail risk from a...

dude, when the market does nothing and realised is low, short term vol is always lower than long term vol. Go ahead and "collect" a couple of pennies in theta, run huge gamma risk and watch backmonth vega drain your account

IBKR literally states on its website that all trading of spot crypto is done through PAXOS

Interactivebrokers for crypto?? Dude, I don't want to pay 12 bps in commissions while I have to trade through their shit TWS or API. No thanks. IB trades and clears with PAXOS, so why would anybody want to add another middleman? Trade with PAXOS directly or onboard on their exchange (itBit)...

the only situation you should say NEVER is when it comes to trade off of instructional videos :)

which brokers are you referring to? I don't know a single broker in crypto since everything is direct access to exchanges

Careful here, the setup isn't as simple as you make it. If term structure is steep you'll lose to term structure vol roll down, since selling the near term and buying the far term is a position that is net long vega. More often than not you'll be better off selling the calendar, meaning you buy...

@long: rates run the world, every other market is just a gimmic. So it definitely pays off to have a look at the rate markets. A word of warning thought: Just as agricultural markets have old/new crop, import/export, weather, transport and storage price drivers, bonds are very math heavy in...

what about this: You short the first leg naked, blow up on day three and don't have to worry about buying the second leg anymore

Don't give me stupid ideas XD

Ok, here's my two top members to follow: @s0mmi (not active anymore but his https://www.elitetrader.com/et/threads/its-been-3-years-and-im-back.302474/page-14#post-4495158 should be in the hall of fame) @bone I'm a MM style spreader who started out in the rates markets and recently (last 2...

dude pls, don't... People are idiots for the most part and like whatever feeds their confirmation bias and this has nothing to do with knowledge^^ Just look at @destriero, probably the geekiest option guy on ET everyone has to bow down to, yet one of the most loathed posters at the same time...

that or forward volatility

I don't know man...if you trade derivatives, you probably should have heard of the biggest crypto options exchange in existance. Their hot wallet got hacked probably by an insider. 99% of all assets are in cold storage and 28m is a piece of cake for them. Losses are covered by the exchange, so...

it's not THAT simple. First things first: 1. you cannot trade vol, you only trade bids, offers, options premium. Intrinsic value is determined by the relationship between spot and strike, everything else is optionality. If you buy a 30d call at 40 vols, wait 10 days and it still trades at 40...

It seems you got bamboozled by option theory. 1. Vol of vol is larger in shorter maturities but vega is smaller -> 10vols in a 5 dte option are merely a couple of cents vs. the dollars of P/L you are exposed to a 10vol move in LEAPS 2. realized volatility is an average of the time period...

90% of trading is correct pricing and 10% ist risk management. That's what the fat cats do. Retailers are 20% about risk management and 80% prediction...which is why they fail

There is no way a one man show is able to hold physically delivered contracts into expiration day, especially big contracts like NG. As @ktm already mentioned there could be an emergency that doesn't allow you to close the position yourself. The only reason you'd be allowed to do this is if...

Someone is gonna learn about trading correlation by losing a lot of money first^^

Exactly. ITMs have wide bid/offer spreads while OTMs are tight. So you neutralize the position with an opposing vertical and sit on the box till expiration. Just FYI there are a lot of trades you can do when the risk free rate wakes up like it is now, e.g. renting calls or puts by trading the...