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Good point. Well, let him waste a few quarter points before we resume the descent. This bull nonsense has to stop :mad:

Market Art, plain & simple. Same profit% as an investor dick who bought the Dow in 2003. And the multi-legged spread straddlers ponder in silence….. HAIL PAPA!!!!

Good call Papa, this set is up 60% in 3 days, nothing beats a right put at the right time. Let’s hope this thing finally comes tumbling down, I have my puts linked to the pension funds :)

Any modeling tool where one can not set fully independent volatility for each strike and month is, in my humble opinion, a learning toy at best. And I think OptionVue is the only (affordable) tool that can do that.

Puts protect against Mexicans. Period.

Right. And illegal aliens are undocumented immigrants.

Too many iron condors guys? Plain basic hedge against a big move like long spot plus OTM put as crash protection. I think that’s why they were invented in the first place: not to speculate a big move, but to protect against one.

it's called a hedge

But isn’t that exactly what the other guy is doing, except he’s selling it for free? So who got his program? dboy?

Apparently it's good AND true. PM the man and get your copy.

Coach, I just checked BIDU chain and notice a very large difference in Nov call and put IV at low strikes, e.g. 263% on a 35 call and 159% on a 35 put (both on the Ask). To illustrate, to get the put IV up to the call IV level it should be offered at $2.40 instead of $0.30. I know basic p/c...

No room for misinterpretation here fancyboy. Whoever PM’s you should get a free Optionvue copy. If not, you should be banned. :cool:

Until esignal destroyed quote.com it could be done there, free. Don’t think there's any other.

interview with one of the prominent buy-only's

You’re right on with the roulette comparison: all bets are balanced and you’ll break even in the end, independent of positions, minus commissions and slippage (the casino’s take). Assuming, of course, the foundation of the pricing model is correct: random, lognormally distributed price...

you know gummy ?

dboy, when I lower vol from 0.4 to 0.2 theta decreases from 90 days on (see pic). Yes these are far-out options, essence is that there is always a point nearing expiration where theta peaks. As MTE points out, exactly where depends on the variables. But the premise of OP’s question is...

Afraid it’s not. Attached theta for OTM and ITM calls using Hoadley pricer, underlying stuck @ 100 (this is BS, binomial is similar). Actually, when you consider theta a negative number then it does increase i.e. approach zero from below, but don’t tell me that’s what you had in...

nope, it decreases for both OTM and ITM

he means Old Prick