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  1. M

    Risk/Reward and Probability of Winning

    strongly disagree. In fact high winning probability plus high payout basically defines edge If you dabble with probabilities given by options delta then your calc is off.
  2. M

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    It really depends on what you're trying to do. If all you trade is front month verticals, i.e. you're using options spreads as a way to trade delta I more or less agree. However, it ends right there. All other combinations and especially the market neutral ones are really subject to changes in...
  3. M

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    Nobody "sets" IV. Stock trades at 50$, 55 Call with 90days to expiry costs 4.20 USD The 60 strike with the same expiry costs 2.20 USD Another stock trades at 300$, the 400$ call with 60 days to expiry costs 0.20 USD Now you tell me which option is cheap and which one is expensive. Right...
  4. M

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    Vega cannot be random. It's a parameter that describes the sensitivity of an option to changes in implied vol
  5. M

    This is a hilarious trade :)

    That's why the trade was to sell puts when GME was at 500$ not to buy them
  6. M

    Kraken flash crashes

    This is just how this market is. Place your panic bids and make money.
  7. M

    An very detailed overview of trading psychology worth the read

    Honestly, there is nothing more overvalued than this psychology bullshit. People blame their psychology for losing money and that's just not correct. There IS an aspect when it comes to deliberate practise and discipline in journaling, tho. FIRST find your edge and a profitable trading style...
  8. M

    Anyone have experience with bid-ask spread arbitrage?

    This is a clearing issue and you probably won't have access to the necessary infrastructure
  9. M

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    are you in any way affiliated with optionstradingiq.com ?
  10. M

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    No, no, no, no....no shilling of websites or ebooks pls
  11. M

    Anyone have experience with bid-ask spread arbitrage?

    If you have a decent autospreader you can make markets in illiquid assets and spread it off against liquid ones. I do it all the time
  12. M

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    https://www.pierinoursone.com/single-post/2015/11/27/the-vega-riddle https://www.pierinoursone.com/single-post/2016/02/22/the-gamma-riddle try not to cheat...riddles are actually quite easy https://www.globalcapital.com/article/k3k9m2979y7x/the-hidden-uses-of-vanna probably something more...
  13. M

    Selling short straddles is like printing free money convince me I'm wrong

    Don't argue with an idiot. He pulls you down to his level and beats you there He doesn't even understand half of the stuff you're stating here. Just let him try...he'll get blown out of the water on this markets first major pullback.
  14. M

    what am I missing about writing options?

    Is everybody making money?
  15. M

    Is the DOM any use?

    Aaaaand another ES victim. There are more than enough threads on using the DOM. Price charts are bullcrap, no edge to be found here. In order to trade illiquid and volatile assets such as ES, NQ, CL intraday you'll need a machine. For thick and slow moving markets like treasuries or some ags...
  16. M

    What Exhange & Software to Daytrade Crypto & Altcoins?

    Good luck with margins
  17. M

    What Exhange & Software to Daytrade Crypto & Altcoins?

    Rent a server, install Jupiter Notebook and program your own suite with Python. There is no free retail interface with colored buttons. You can use tradingview and the native exchange GUI tho
  18. M

    Where to trade crypto options?

    I don't understand why on earth everyone refers to crypto - native exchanges as brokers when it clearly reads "Exchange"? They're willing to step in to prop up their insurance funds and they're valued at approx 1b USD, have several outside funding and 90% of crypto options volume. In other...
  19. M

    What is this guy doing?

    Do you know which asset classes he trades? From just looking at the numbers he might be either a spreader or a prop trader (mid freq. market making in low liquidity products such as INR/USD forwards or momentum trading low floaters). His account size is really small so he just has not hit the...
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