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"position" update : 45 debit is currently 53$ , gains comes from shifting of Touch bet toward the strike and partially of the vols ratio reverting to the mean. B , let me know if you don't want this staff here , I will delete it , no prob.

that's how its looked on Thursday (ratio=1.5 , but not anymore)

earnings play

u tell them , CL... I have a feeling that this thread is about to turn to another "Zero Sum game " bs , lol

Thanks , man. Transaction log and PnL tells the whole story. That's the beauty of balanced option position. :)

luh , did your ever considered just stop trading options ? Its not about MM , spread , greeks or other people's results. Its about your state of mind . Reread your last two post and you may agree with me.

good post

It's official : I hate intalian team .If Czech beats italy , we should lose on purpose to Ghana.

not trying to hedge Vega , I am trying to capitalize on long VIX option's gains in case of rapid price drop in spot ( inverse correll)

don't have a good feelings for upcoming game...I hope I'm wrong...Also hope that this overrated midget Reyna will not play ; can't stand him.

I don't watch any charts when I'm trading :)

OC , agree , spead of drop is important. That why I'm thinking of taking position for a shorter time period (7-10 days). Also , if one of his posts Risk pointed that house edge for initial position should be = one day of time decay. Don't like double No Touch(too much of house edge), I'm...

How about using long VIX options as a hedge for NO Touch (DOTM) ? Can this be modeled ?

does a trader that sold naked puts and his stock went down 50% cares about those stats ? Same as swimmer that drown in the river with "average" dept of one foot. They both dead.

yes , SA , Kastro and Maradonna to lead the new revolution ! Move over Lenin , Stalin and Trozky , we got new "Troyka" ! Agree , amazing game for Argentina

true , limited risk and u still here...All the best to u :)

very good question , daddy. IMO , atleast advanced greeks and then all effort on variables accuracy ( price or volty direction)

great info , thanks for the links

Very high ratio between V-Dax and US VIX this morning , almost 50%. Would you consider an exotic DAX-SPX correlated bet at this point ? BOM shows 27$ to win 100 on 5297/14d NO Touch and only 18$ to win 100 on 1217/14d Touch on SPX. Both 5297 and 1217 are exactly 3% below the current prices...

"We" as in queen of England "we" ? The arrogance...Your post is an insult to all good traders here that invested years of hard work to build this kind of track record. Try DriveByTrading.com , I heard they are cheap.