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Stoic you just feel free to continue to ignore the value and utility of the Greeks. those of us who have labored to learn them and appreciate the "edge" they bring to our trading know fully well the difference they make in our trading. you certainly don't have to study them and you certainly...

Don just curious.....did you actually work with Blair Hull at Hull Trading or did you just happen to be trading by yourself, experimenting with these strategies, during that same time period back then

either investigating "managed" accounts is new to you or you understand less about the product in question than you really do. the managed accounts you are considering will not have a fixed value their "NAV" W-I-L-L fluctuate. so in practice they posed similar risk to owning a stock realizing...

if you have an Iron Condor over 10 lots, and the market moves against you,that doesn't necessarily mean the position is losing $$$$ yet 80% of the time you will need to hedge your position by managing the deltas and you can do that in any number of ways. that is an adjustment but you would know...

respectfully, this is very inaccurate. Iron Condors are subject to fluctuating markets just like any other strategy and therefore will require adjustments on occasion as others. in addition Iron Condors, UNLIKE long straddles, are a negative vega trade needing falling IV to benefit them

making adjustments to a straddle is gamma scalping. VIX calls will ONLY work with SPY or SPX straddles. if you are new to this, you are entering territory you dont understand and particularly if you don't understand how the level of IV impacts the selection and profitably of a straddle...

The MOST important factors in buying a straddle or strangle is the level of IV in the option premium and that once the trade is place, that the security MOVE away from the strike price. option volume and liquidity while important is secondary. you can find LOTS of option chains with high...

respectfully you must not have researched the capital markets very much. there are dividend paying stocks paying 11-12% and they could have easily be found with 10 minutes using google for example, NRGY, selling at a discount, current will get you around 11%, paid quarterly

if you are seeking stocks that will benefit from a short Strangle(benefits from high IV)rather than a long strangle(benefits from lo IV)AND have low correlation,then you could filter all stocks found at Livevolpro with the correlation feature at Sectorspyders or Macroaxis.com but you'll...

while your question is about margin and although "all trades" are influenced by IV(some more than others), the synthetic combo is one trade where I wouldn't even bother paying attention to vertical skew: the greeks just don't make that much of a difference with it. vertical skew make much more...

a winning attitude is less important than actual trading competence- you can have a winning attitude but if you have no real trading skills it wont help you

vega is the otm part of an option premium. whenever a trade will benefit from a DROP in IV, its referred to as a negative vega trade wheneven a trade will Benefit from a INCREASE in IV, its referred to as a positive vega trade. "all" option traders ultimately trade IV, most just...

hopefully you were facetious when you say hedge calendars with some condors. MAYBE a butterfly if the underlying market moves to the upside but no way a condor

just remember: condors are a negative vega trade; calendars are a positive vega trade.

eldorado a butterfly and condor have more "flexibility" in the break evens depending on how far from the short strike you set the wings.

there are many factors that go into choosing a calendar- and as you are attempting to trade directionally(i e an uptrending equity)you need to make a distinction between trading ATM calendars VS OTM calendars.you also need to recognize that for an uptrending stock , the better 'directional" time...

to a seasoned profitable option trader, that amount of capital would be fine IF he/she so choose to fund with that small an amount. as you are just starting out, in my opinion you are WAY under-capitalized. the next combined 10 trades you do will need a win/loss of probably better than...

I can refer you to 2 whom I've had experience with. (and no I receive no financial inducements for doing so) email me privately and I'll provide contact info. jimr_77024@yahoo.comholidayseason(note munged address). put "option mentor" in subject field

those comments are typically made( more often than not) by r-e-s-p-e-c-t-f-u-l-l-y beginners who if they are persistent enough and eventually learn the craft will in time recognize that marketmakers just have more knowledge than the beginner has. anyone can acquire the knowledge. and there...

per your comment"isn't all trading is zero sum". the fact is that you have no idea what the portfolio is that the person on the other side has. they could be taking the other side to adjust a pre existing option trade,open a new trade, hedge a stock postion,etc