Search results

Thanks, Ryan!

Does anyone know of a good website for finding out when upcoming economic events, like GDP numbers, housing starts, fed numbers, etc., will occur. I need to start considering these types of announcements/events more when timing my entries. Thanks.

Got filled today on the following in my regular account: June SPX 1375/1385 bear call at $0.60

I just called ToS and they said there is trading of e-minis from 5:00 PM to 6:30 AM. It's basically 24 hours except for those two short periods near the end of the trading day.

The reason I am in this thread is because I agree with you completely. My original reference to Mike was with regards to his SPX trades only and the fact that he does put some of them on (for certain months) seven to eight weeks early. I still watch the trades that he puts on because...

Mav: I don't recall you posting on the VIX hedge strategy that we've been banting back and forth on this thread. The strategy is to buy OTM VIX call options to hedge bull puts in the case of a black swan (not just an "ordinary" drop). When the black swan hits, the volatility should spike...

Mav: Since I've got your attention, I had a question for you several days back, which I never got an answer on. You were talking about probabilities and throwing the dice. My question was on program trading. About a month or so ago I posted a chart showing how program trading had...

What's a wing put?

So you buy the short puts back and let the long puts run. Again, going back to my previous post, I can see cases where it starts out looking like a major market moving event and then turns around and shoots back up (London bombing last July). Or was the fact that that bombing took place on...

Interesting point about the black swan. But I can forsee events which may not clearly be a "black swan" event. The London bombing last July comes to mind. The futures were down stongly and if I believe the market opened sharply down. However, shortly thereafter the market started going back...

Coach: I think your advice is correct for me. This month, for example, I'm two to one bear calls to bull puts. Part of the reason I seem like a "nervous nelly" is because I have a significant loss from before to make up. One more bad event (like a black swan) and I could be out of the game...

I remembered that I had the attached file on my computer. It's the 1 day % change after a market shock event. I think it was posted here before (by Ryan??). I'm not sure which index they are referring to in the chart. I guess it's the SPX since the source is Standard and Poors. Of the...

Okay. But what if I have a long put option on the SPX. A black swan happens overnight and the next morning my put is 20 handles ITM. Is your opinion that I wouldn't be able to get intrinsic value for that option if I tried to sell it?

GA: I don't understand what is meant by gap risk, particularly when you say there will be a bid at every handle. I'm a newbie to understanding this. Thanks.

Coach: Earlier today I posted and I included a question regarding your use of futures to hedge black swan. It seems like your general attitude towards the black swan is that you have futures that you can short and possibly the VIX hedge will turn into something as well. So this gives you a...

Andy, I can't really give you hard numbers. He generally looks for about 10% on an IC. But when he goes out 7 weeks, i think he generally gets 6 to 7% on each side. Also, I believe that Gator also subscribes to his service and follows him more closely than I do. He can probably...

My initial plan is to get out of these spreads if at any time I can buy them back for $0.10 or less and assuming we are still a couple of weeks from expiration. However, i am prepared to hold on until expiration. Two months out is because I want to go really FOTM and with bear calls the...

I blew up my non-IRA account last summer, so my strategy has become much more conservative than it was back then. The 20% amount is just for this month. After May expiration it will go up to 40% because I expect to also have a July position to go along with the June position. I suspect...

About 20% of the account amount is what I meant. So the margin is about 20% of the account (I trade round lots so it's not exact).

Got my first fill on my new strategy for one of my IRA accounts. I've changed it a little from my earlier posts. Strategy is: 1) Bear calls only so as to avoid a black swan event 2) FOTM call spreads the second month out, put on 7 to 8 weeks out. 3) I'm going for a little better credit...