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Exactly. VIX products are extremely popular now and if you look at the liquidity in some of these markets (VXX especially) its clear that they dont operate via 'randomness': no one would invest in something that was not derived from any set of mathematical principles. I too have been trading...

No clue what OP is talking about because if you check the historical data, futures were actually bid up on the 25th, albeit slightly......

Reading zerohedge is detrimental to you health.

Trading can be extremely rewarding and beneficial to the trader Day Trading is primarily for the lazy, uneducated, and impatient. Sure there are some that are good, but the vast majority that try their hand at it will fail entirely.

Eh....the VIX is pretty low at this point, so I dont think you're going to get crushed as much as you might think. Sure if the market pops another 10-15% by new years, you're going to have the VIX a touch lower, but its not going to be cataclysmic for your vol considerations. If you're buying...

If you decided to play a spread, make sure you're buying your options ATM and selling the ones OTM....that way you're long the options that will jump the most should vol pop (ATM options will be more sensitive to vol than those OTM)

The power of luck and vol: good job OP

Also, the liquidity of the option plays an important role in where you're going to get filled. Always try to stick to options that are traded enough so you can get in and out at a reasonable price. If the bid/ask spread is outrageous, you probably want to stay away from that product because you...

Also it appears there is a good amount of base info on yahoo finance for those looking http://finance.yahoo.com/options/lists/

People do it for the VIX all the time. Its quite funny to be honest. Someone bought millions of dollars of VIX calls @ 25! The markets going to crash!

I view it as part of the scientific method: You start with an underlying ideology or understanding of the market and your strategy or system is a manifestation of that ideology. You can use a backtest as one way to test the validity of your system (ie test your hypothesis) but changing the core...

Read: What are some ways trading can put me in jail?

Curve fitting may make your backtest show better results but it tells you very little about what the future might bring and you may end up sacrificing a more logically and technically sound strategy for one that merely 'fits' better.

I was rephrasing what he was saying in a way that you would like more.

In more polite terms: While people may respect your posts and calls, it is difficult to ascertain what exactly you are doing unless you post some hard #s. Obviously no one expects a live feed on your positions, but a simple 'hey I bought the x strikes for x amount at x expiration' would be...

But you can manage it. Im not arguing you might not make money simply buying calls or puts, but it leaves you open to perhaps more risk than is needed. How profitable has your strategy of playing option earnings moves been? Because in order to justify the risk that you undertake, they ought to...

They have expiration dates and hoping that the market is going to hit your expectations consistently is not a winning strategy IMO.

Ah, my apologies. I had forgotten how they did things. Just took another look and they have the bid/ask and the last price. No open or high/low.

Buy lottery tickets (OTM options) during earnings = silly

The data i ordered contains OHLC as well as volume, OI and greeks