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Then why are the options prices not reflecting the 3 x IV??? I know the formula...I managed to get options prices on my spreadsheet using it...and then create a risk profile from the data that matched very closely with tos. :)...

Thanks for reminding me. Currently long BITI, long BITO and short BITX. Just added 500 more BITI.

You know why none of you are making any money? Because this entire forum is filled with traders who think they know how to trade, but there is zero collaboration...instead only trying to tear down other traders. That is not a productive use of time. :)

Those aren't strikes they are atm prices $1 spread ...look at the deltas.

The price of the 2.55 option should be 3x the price of the 2.69 option...is this what you call IV skew? :) "Options that have high levels of implied volatility will result in high-priced option premiums."

Right now I seem to be focused on blowing up my account :). Anyway, I'm just pointing out that if trading a stock daily or weekly by getting stopped out, and then re-entering...then according to the tax law you will not be able to write off any losses because all of those losses will be...

You just described a stop loss.

Your stop losses are all illegal according to the tax rules if you re-enter the position...so all those incremental losses cannot be tallied up. Yet another win for averaging down. :)

Technically you can't write off any losses where you have bought the same stock or similar stock back within 30 days...so if you are trading a stock every day, then you can't write any of the losses off?

So a covered call to protect a long position?

This will answer your question...they discuss options specifically. I recall that for stocks you not only can't repurchase the same stocks...you can't even re- purchase stocks in the same sector...

I was looking at some GME and protective puts do nothing to protect a long stock position because the prices are so inflated. So puts don't work, stops don't work...just have to roll the dice I guess. :)

omg you guys. This has NOTHING to do with probabilities of the stock recovering from a decline. The video is applying math that is completely irrelevant to the movement of price. Price moves in standard deviations and average true ranges. If a stock is in a trading range between $5 - $10 then it...

This might be a little over your guys's heads. NVDA ($923.50) IV: 47.73% atm put: $17.10 Delta: .43 .79% TSLA ($181.33) IV: 50.48% atm put: $4.20 Delta: .43 1% Would the +- 2% in IV be the difference here or did I just discover skew across different stocks? :)

Lol there's no money to be made in earnings unless you're selling high IV. I said my position would be accumulation no matter what the result. However I had no interest in trading the stock...I just proved that I could predict the earnings result by simple TA...oh and I also predicted the reason...

Does it matter? Everything you need is in the screenshot.

Those are real examples! LOL a lot of angry elves out today....what's wrong you guys lose money again? :) I assume I am the only one who can actually do the Black Scholes calculation to adjust for IV?

Is there a way to rank options based on their premium value compared to other options? Options with the same IV can have vastly different premium values. Here is an example for 2 atm options with the same expiry from 2 different stocks. Option #1 Delta: .406 Premium: $2.74 Stock price: $7.71...

One example is clearly better than the other. Lol

As Noah said what's he going to teach us how to open up a hedge fund and then get privy to all this Insider knowledge? Lol