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Because vol is mean-reverting you'd expect one vol point change in the front-month IV to be accompanied by a somewhat smaller one in the back-months. Yet, the back-months implied vol tend to move much more, overreacting, thus giving opportunity!

$SPY does not "derive" its value from $SPX lol Its priced 1/10th the value. That's way different than a true derivative. But the options on $SPY and $SPX derive their value from spot, thus being "derivatives"

Welcome and look forward to reading your journal

Sounds like a sweet week. Can you expound more on these backtest statistics you speak of? Thanks!

You're "battling" theta regardless if you buy premo.. If you are confident in your directional bias (which is dangerous) but if so then buy some call verticals with a month to expire.. If price keeps going in your intended direction just re-deploy capital into another call vertical the next...

I don't care if Sosnoff is profitable, but you do.. I say a new years resolution for 2020 is to focus less on another mans pockets and focus at the goal at hand :-) cheers

The market isn't fractal? Ahhwahhh?!?!?!

Not really.. in fact one could interpret that comment exactly opposite. Bonds aren't as correlated to beta as you think.

Just watch the network. Positive drift at new highs make Tom & Tony croak almost. Then watch the show on a nice down day, its like heaven on Earth the gift from the trading gods. I'm not saying he can't trade a bull market, I'm saying hes short delta.. that's now the same thing.

Also, as you know.. volatility and volume are almost synonymous. So with more volatility comes more activity, thus tighter spreads, cleaner fills, and magnitude of movement to scale in and out of.

Long $PSA, $RAIL, $TWTR Looking for a good entry on $ETSY, $HCR, $ELNC

She doesn't encourage others not to pursue this approach because the likelihood of someone emulating Karens results in notional size and accounting practices is 0.00001%. Sosnoff isn't just a trader, hes an entrepreneur and has invested in significant investments in the financial industry...

Long $PSA callz

What type of trade do you have in $TWTR?

And when you say "dive deep in the company" i'm assuming you mean reading the fundamentals?

Yes it is free data. Well overall my trading has been slow the last few weeks because of this non-vol environment. So I'm just looking for opportunities in earnings and $NVDA has decent markets. Looking at a chart, it looks like NVDA does make some big moves prior to the event so a 210 long...

He was, but there might be someone reading these threads who doesn't know what a wing is yet ;)

I'm actually looking to get long $TWTR this week. Maybe.

Well condors and butterflys have wings so its not "now we got wings" its "we always had wings" lol. Wing just means a strike you buy OTM to spread off your short strike, das it braddaahh

I'm looking at $NVDA, Thursday AMC Historical Earnings Move is around -/+11% current IV is around 6.5%, $13.3 move Semiconductors used to be fun to play, not as much lately... 22.7% IV rank and spot is sitting near highs See how the next days range moves. But I'm looking at the Nov...