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Me thinks you post without comprehending what you post! Short Call with long Put is a form of synthetic short.

An assisted, response: The provided Pine Script code aims to include a stop-loss mechanism based on a fixed dollar amount (maxLossAmount). However, there seems to be an issue in how the stop-loss condition is calculated and executed. Let's address this to ensure the stop-loss works as intended...

Take with grain of salt, but here is a "potential" code to test (with AI support). Here are some notes: potential issues that might be causing the strategy not to enter any trades. Date Handling: The calculation for seasonalWindowEnd does not convert the window duration from days to...

Except, when is is not, like 4/17/25 Thur.

Perhaps this may not relate to you, but I struggled with exiting based on signs I had stayed too long (already beginning to suffer), and instead altered my trading to exit before such event and when profitable. This is working for me, but I do not trade your instruments, so comparing apples to...

I prefer using 3-D Scatter plots without interpolation (plotly express is a good tool for this). However, there are some sticky wickets that cloud clear observations, such as the typical use of Calendar VS Trading days that will product artifacts in your shorter terms that are not really there...

FWIW: If your strategy uses simple "cannon launch trades" (no adjustments), instead of optimizing, simply solve for best (based on trader's criteria ) -- Just compute power and memory. -- This may uncover structures that you may would never consider, otherwise.

IMHO: It should depend upon characteristics of your strategy. For my primary strategy, I continually (in back of my mind) evaluate what I am doing and why, and cross-reference with what I think I should be doing. Two (at least) factors at play (1) the market is not constant, (2) Is my present...

IMHO: It is good to pose that question. Next, will be good to understand that "why would I bother" may require a bit more thought. Re-read Specterx's response for a bit of illumination. -- This topic has some moving parts (AKA: not trivial)

That is nearly 47 days to expiration, and on the back month, not the front month, so a lot of time value remaining. Here is what I observe at the close Friday (actually @ 16:00 Eastern) that matches your observation.

Details please: 1) Which expiration? (need time reference) 2) VIX231115C40 appears to have a delta around 0.017 currently, so unclear what you are looking at. Take care if referencing VIX iv, greeks, extrinsic, etc on TOS as it is typically unreliable (reliability reference is specific to VIX...

While not an equity, but also not an ETF or ETN .... VIX options seem to be a great alternative to things like UVXY, UVIX, SVIX, etc. Not only clearly Section 1256, but European style, so no annoying early assignments, as well as much improved liquidity. -- Not really an answer to your...

Re: " Is volatility skew proportional to the ATM volatility of the underlying" No!

I do not trade 0DTE, so there may be some odd attributes. I would expect a single order, as it will be less error prone for you to enter/cancel-replace, and is simple enough via TOS. Check if Tammy has specific advice as she did a lot of them! -- Be careful IFF you have a leg with no bid...

Answer: It depends. What is the product? What is the liquidity of your positions. (each leg)? What does your broker allow in the way of orders? Assuming a liquid product (like SPX), liquid options (near the money at 25 strike multiples), and and using something like TOS, the simplest is a...

IMHO: {this is NOT my interest area, so take with grain of salt} A logical question. But like shoe sizes, one size fits few or none! May be wise to consider "bottom-up" analysis prior to "top-down" analysis. That way you know if the top-down works for your specific case. -- Examine the best...

Pardon the sarcasm ... trading has many variables... I have found that attempting to "generalize" too early has bad consequences. IFF you find an instrument you day-trade successfully with your strategy(s), that does have liquid options, look again! -- Note: Even if the "generalized" notion...

I suspect you will find trading options on a security without options will be problematic!

ELOX has NO options! -- Need a trade on instrument with options! -> Can you post one of your most recent trades (entry/exit/instrument/price points/timestamps) {on an instrument with options} -

Can you post one of your most recent trades (entry/exit/instrument/price points/timestamps) {on an instrument with options} -- may allow a closer look at "what iffs"?