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i fumbled so many trades last week.. thought i was putting on a feb 15 fly.. turns out it was a feb 08.. nightmare.. my jounal is embarrssing

put down the ET or the bong .. one or the other.. ahah

i'm still living the very first part of his story.... haha... takes balls to walk out of an accounting business onto a trading floor and just take the opposite side of all order flow!

so wheres the top call now 1575?

so surf where we at now relative to a 'top"

" turned that down because I was on a mission to learn everything that there was to know about options." thats so me the last year and a half! ..

i'm finally getting the PF play... geez..

what!????

the idea would be to find a macro event coming up.. like debt ceiling.. or something idk.. that you could buy premium in that month.. say march... and sell feb premium.. its like when you can potientially see demand for protecting increasing you buy it and sell the where there isn't demand...

Always and forever a good idea to look at the curve

Edge of the bong done knocked oldtimer senseless

I'm sure in hindsight there will have clearly been a great trade... rolling from one term to the next with otm ratio back spreads... in small size with highly correlated names... Idk I've always wanted to find good long vol strats and entry...

haha... omg bro... your having a fit over there

there is alot to know about vix futures.. i highly recommend shorting vol in limited risk ways.. shorting vix futures is a sure fire way to get in trouble.. i would think right now you would have a better chance of winning rolling yourself long from one month to the next with how flat the...

well think about it.. if skew is really steep.. the otms are really expensive compared to the Atms.. so putting on a fly is costly.. and overall volatility is up.. so there is likely a chance the underlying will get from under the wings of the fly... selling otm credit spreads/ condors...

i'm not making money right now.. thats clear from my journal.. i've literally fumbled entry and everything else for a while.. but.. if you wanted to be long vol you buy strangles or otm puts.. without delta hedging though its becomes more of a play on gamma ...

buy puts in highly correlated names.. buy the idiosyncratic risk as SLE puts it.. sucks you can't scan for single names by relative value.. most scans are like "lowest vol" or highest vol" kind of thing.. i'd be looking for lowest relative to something.. like a Garch number..

its always better to start short premium strats on the index when the vix is greater then 12.. haha.... i'm confused as to why one wouldn't think to figure out ways to go long in this environment... heres a question... are butterfly's better off generally when skew is relatively...

+1 on that.....

http://www.orc-group.com/Products-Services/Volatility-Trading/Products/Orc-Trader-for-Volatility-Trading/ how much is this?