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Actant, Orc, OptionsCity

Sheldon Natenbergs book is the right place to start, don't even bother with all the other retail crap. Right after that get his book: https://www.pierinoursone.com/ No other source explains the greeks as well as he does...a bit advanced though Do yourself a favour and really dive into this...

With options you trade volatility in the first place and delta in the second. A software would need to be able to predict options volatility which is pretty difficult to pinpoint. Let's say you're told by the software that all things being equal you should chose the 6m 30 delta call, you're...

As @maxinger said, they are more reliable and you know instantly when a switch is broken so you can replace it. Membrane keyboards may hit the dirt on one or two keys, you probably don't even realize it and you have to replace the entire keyboard...no way to repair them. In the long run...

If you have any doubt about your hardware, change it asap. Spend about 200$ for a corded mouse and a mechanical keyboard. It's really not that much money and losing money because of rubbish hardware is probably the dumbest thing to do.

See, that's what I meant. Nobody cares about the little ailments of a few hundred million people. If you were right, there would not be billions in cryptocurrency transactions every single day since you cannot build a market on speculation only without the participation of paper. In Asia...

No, it's 100% not anonymity. If you still think that you have your information off of the yellow press. It's about frictionless transactions and getting rid of several peels of the current transaction banking onion. Crypto was never anonymous. All it takes is figuring out one single name that...

Well that's pretty simple when you know how transaction banking works. Venmo, PayPal et al are basically internalizers, which means they are using a private ledger and most transfers are internal bookings that are instantly cleared. In order to get access to the system you have to onboard to...

It's really baffling me that people don't get the difference between a venmo, PayPal, credit card and a currency that is running on a distributed ledger...perhaps because so few understand what's really going on in the backend.

Exactly right, though I don't trade stocks :)

For example you could buy puts, sell calls (aka a risk reversal) and bet on the call touch. When the underlying gets there and you have a profit you can either close the position or fly it off with buying wings for the same vols you originally sold the calls for which gives you a nice bet on...

:thumbsup:

For example warrants and certificates. stuff like this: https://www.euronext.com/en/for-investors/warrants-certificates These are big in the EU and most issuers have around 200k products to offer. OTC, local exchanges, Direct Dealer RFQ (when you're large enough), etc. They're all non fungible...

I'm not talking about ISDA stuff. There are tons of OTC instruments out there that are also acessible by retail

Not an institutional book but very diverse. Most of it is OTC vs. vanilla and liquidity transfer via synthetic replication. I used to focus on futures/forwards/swaps but added options last year which was a steep learning curve but I'm getting there :)

I'd say about 50% are pure skew plays, the rest is a mix of skew, skew delta and vega. Theta/gamma and pure delta are rather nuanced. To be fair, I only trade illiquid shit so I'm forced to carry positions a little longer. My book contains 50+ strikes and terms per product because I can't get...

Just different styles I guess. I generally don't trade for decay and if I really want to bet on a quiet or slow market, I use ratio spreads with protection to the risk side or risk reversals. My reason for a trade always comes out of the vol surface so I naturally don't understand why retail is...

Sticking to the example above, I personally would not risk -11 vega, short gamma plus a mess of kurtosis and skew delta risk for a lousy 6 theta. Gamma/Vega flip up and down helps you burning your cash on commissions for "adjustments", too IMO the only reason retail should trade flies is for...

Flies and ICs are primarily a play on vol, kurtosis and skew delta, NOT on theta. Ther're marketed as "income trades" which is a completely wrong reason to trade them.

They do, but they fit it onto the market. Options trading is all about relative value. Either you fit your model to statistical volatility of the underlying or you fit it to other options in the chain. The later is what market makers do since they primarily look to hedge against other options...