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thanks for a good advice , daddy ! As one family member to another , I can tell you a little secret ; I could not care less about the skew , I trade pattern of behavior of IV before and after event (like EPS report). Many events are at the week of exp , and that's why IV calcs are so important...

good post Nihaba , sorry to hear that it was proposed in the past... probably won't happen then. Its a shame , could off a be win win for all. I think that participants should pay for the entry ( ala poker tournaments) and use paper trading platform (many brokers have it) , then we all equal in...

The only option book I ever read was "How to take money from pros and MM on daily bases" , written by IV_Trader. Send my regards to Natenberg and others.

For two reasons : 1. Winning and getting PAID. 2. Based on tournaments results ET can create and post individual ratings. Then they should create a "Pay per View" section when one member can subscribe to the other member service and view/learn his strategy or recommendations( and ET will get...

Sle , I read your other posts and I respect your opinion. But my reply to the thread starter wasn't about some specific strategy, it was about some questionable methods of IV calculations. Here are some other facts that will affect different types of Vols calcs : 1. "Fake" IV in the week of...

OK and good luck

I am not sure if its already been proposed in the past.. But anyway , can ET arrange and run monthly tournaments (for real money) ? If yes ( and certain % goes to ET , of course) , can it be broken by categories like : Stocks Options Mix I am almost sure that many members will be interested.

I trade only one, relatively simple strategy(vega) and its works for me. Its require a lot of data collection and custom calcs , but hey , it's a good living. Good luck , Bear

I was just posting my opinion (read my first post) , and didn't try to "teach" anyone , looks like you the one that doing it. But if I will want to , I will sure not going to ask your permission. Now , back to assumptions/interpretations : should I assume that you was fired from your MM job ...

really? Hmmm , I am a retail and never placed a directional trade , but made money in options for the last four years (without ONE losing week). You are not so good with assumptions (not trying to offend you), are you? Are you one of those mighty MM/pros that you keep mentioning in your posts?

I was obviously referring to the Time Skew(what does it calls?). What made you think that I was talking about Strike Skew in my first post ?

You completely missed the point of my post. If ( the key word) , the software provider will calculate the IV the way I described (and some providers do) , you will get a 20% skew between the Current and Next month. If you believe its a "real" skew , so let it be.

Use the same Close , Strike and ASK to calculate IV , but change the Days from 4 to 3 and you will get huge jump in IV. Is this real ? Just because the ASK stayed the same like yesterday ? That's how one can get the "fake" IV calcs , hence , the "fake" IV skew. Not sure how some software dealing...

I wonder if anyone actually making money by playing the vol skew. I personally had an excellent trades when I took the opposite position, buy current month and sell next one for upcoming event , especially when current month is at the week of expiration and most of softwares displaying "fake" IV...

would be nice to export to Excel the "Executions" page

No ones opinion is matters here. As IB-Soft rightfully stated "they ARE running the business". Until one day when , IB competition will figure out how to take some clients away from them, just like IB figured it out eight years ago. I remember the day I left Ameritrade , it was after a call to...

Did you adjusted this position somehow , or going to? Thanks

IBsoft , for the first time I made a transaction on my IRA account and bought some straddles for 24$ stock. Straddle cost about 2k , but my buying power went down by almost 30k(???). I read the story about the GOOD long calls , so I understand the problem that might occur on exp day , but this...

I don't have an opinion on this strategy(not my game) , I just summed up what he did and applied some facts to get back testing results. Maybe daily/weekly adjustments make it a winner.

you probably realize that with SPX move of 5% in any direction , you will lose 8.5 points(about six month of gains). SPX moved seven times above 5% in the last 36 month, so P&L( without adjustments) looks like this: loss=7*8.5=59.5 gain=29*1.5=43.5 total=(-16) points plus comm. unless...