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I will only take a trade if our volatility gauge shows 5 or above. @TheBigShort What does the parameter "5" indicate? Thanks!

Also @TheBigShort i'm curious, when trading earnings are you overall net-net long premo or short? On avg, do you see more outlier moves or subtle moves? Or is it 50/50?

Don't curse this forum is for the children lol Just sell ATM man it isn't that simplex, and if you don't have the capital to do that just spread your risk and buy a cheap wing. ATM will forever be the best strike to choose.

Last earnings journal is forever a classic! I learned so much and continue to reading that thread. Looking forward to this one!

Just sell a put and call it a day bruh

Thanks for the response. As far as your question goes, we need to define what "volatility is high" is. Are you talking about IV% on a single or are you talking about the $VIX? I ask because I'm talking overall vol. Lets just assume a simple asset that moves around. The more this asset moves...

Sosnoff still using Karen to promote his business? Where? The only time she was featured again on tastytrade after what happen to her was on "Geeks On Parade" tour and she spoke briefly, other than that she hasn't been on the show at all, and when Sosnoff/Tony does speak about her they...

I'm curious why 90 DTE? I would never buy premo with that much theta, unless I'm hedging something. But yes that's what he means, buying calls/puts, depending on you, you either buy ITM/ATM/OTM, overall ATM is your best bet, but even better might be verticalizing that naked call/put into a...

This. And look at less charts and more option chains.

I am aware, but who cares? She made millions selling 6 sigma puts lmao let her go man, if you make that much you're bound to blow up spectacularly, its all in the game, all the greats IMPLODE! In fact, this is what makes you a legend in the game. You fxck the market, then.. eventually, in a far...

And btw, "jade lizard" is way more wavy and cooler sounding than "ladder/xmastree" lmao In fact, Christmas tree butterfly spread has to be the worst option spread name of all time lol

Why the shade towards Sos and Karen?

11/11/1912:19am, Spooz -11.25 early Monday morning. Market is a few points under my initial 3100 spot target. This market is self-cannibalizing itself. 12 VIX is the death of trading. Share-buy-backs account for a large percentage of this bull-run and how many times can a company keep issuing...

I'm constantly astonished how complex trading can be. I'm not going to lie, I've been down lots of wormholes when it comes to options and volatility. Sometimes I need to step back and think.. maybe more complexity isn't a good thing, and the whole keep it simple mantra is the truth. Options...

This market is something else man. Can't do shit with a 12 vix.. its amazing how much non-opportunity the market presents when it doesn't move. Movement is the goal of money. That's why they call it "current"cy and "liquid"ity.. its all in the flow man. When markets are moving two-sided every...

$PSA on my radar.. $RAIL $ETSY

Nice trade in Wal-Mart brother!

Can someone elaborate what this quote is conveying? "The forward variance swap on the S&P500 index is now priced lower than the long-term average volatility of the market."

"any strategy that systematically buys declines in the market is mathematically shorting vol"

$CMRX still bull-guarding. Hit a high of 1.71 today. Very nice! $SIX also a winner. I entered a bull vertical in $TWTR today. Stock is dead right now and I'm looking for a bounce up.