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Yes, in this strategy, I start with straddles- buying the "undervalued" and selling straddles- usually in the index most "overvalued" (usually the OEX). I have to know the Portfolio Delta to calculate how many. For example, my notes from June 17 give an example of one of these trades: I was...

GATrader wrote: "When you say QQQ equivalent delta do you mean getting the $ amount of your portfolio and mapping it to qqq? Example - if you are long (as measured by delta) 100 abc and long 100 def and 100 xyz and the total $ amount of these "300" shares is $10,000 do you then equate...

Quote from RS 7: "My experience with these trades over time seemed to indicate that the market is seldom wrong. If an option was “overpriced”, there was generally a good reason. Whether it was because the implied volatility was not properly adjusted in the formula, or there was some...

You asked about delta neutral strategies. Here is one of mine. I look at the overall delta position of my option portfolio. (I use OptionVue to do this). In short, all of my positions are converted to a "QQQ-equivalent" position. This gives me a Portfolio Delta. If my position gets...

I use it with real-time feed from eSignal. Couldn't trade without it. (I trade volatility). Uses a lot of memory- can't run it at same time as Metastock, which also uses a lot of memory. (Also have eSignal and Excel running). A nice new feature is "Position Delta", which attempts to...