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.. Soon less complex being???

Time is relative... shorter wing spread faster you pump the vol out... no such thing as delta neutral or gamma flat

I'm long a fly 14/15/16 on the tbt...... for .32. Oct... just texting waters... was kooking for 4 to 5 flys. Only got filled on one

Ya. I don't think it could be put better then that....

exactly... i don't actually dislike the play.. theres just no edge in using options because of how wide the spreads are...

hmmmm ok i'll look at that..

yeah... the liquidity sucks... its a macau casino play.. for the guy that i trade the account for.... he wants a position in it... blah... i have a buy write on it.. sold put, got it.. sold call.. if it gets taken at twelve.. i've got a good percentage gain on the call and the put.. looking...

question....... MPEL... anyone ever trade options in it??? there sort of illiquid..... the bid ask spread seems like such a freaking hurdle..

in another account... 655/675/695 for 5.63..... on Aapl...

AAPL SEP 14 '12 + 660 - (2)675 + 690 Call Butterfly filled at 3.32 i totally noob3ed it on the fill! ... <a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/809/aapl660675690sept13week.png/'><img...

I called third or even last ... I'm a great caboose in a train... ha

+100

That seems hard to believe... aapl buying yahoo

Enlightened us..... its a replacement for straddles on a long short vol expression ... capping your risk by limiting your payoff.... tell us something other then "this isn't the best way". We need insight... I started this thread to get insight

You can't make money without risk..... that's obvious of course. But the wider you spread your wings and the farther out you go the more your neutralizing yourself... get a profit calculator Like hoadley's or use ur brokers platform if it has on to play with the assumptions

You always have direction risk..... all your expressing by going long a fly is that the direction risk is lower then the options you sold are implying

So what structure are you hitting home runs with?

Your only really broke when you have no friends... or you have fair weather friends or better put... you don't know how to be a good friend...

i've read alot of Augen's books... in trading options at expiration Aapl is throughout the whole thing..

ummm... i don't think there is an absolute best long volatility structure... i do think short flys with short wings isn't a bad choice for single stocks.. although i haven't traded any yet... whats your way of going long volatility in an index?