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LOL Remember FF ? He seems to have vanished but remember how he sold puts? LOL!!! EDIT: Sweet GANESH and SWEET JESUS!!! 260% vol!!! But I think most of the movement's factored in.. I'm not sure it'll move $8 today... But you never know, the rabbit hole might be deeper

Not in on V yet. I see a 2:1 reward/risk tho on WFM but I like it since vol isnt that spectacular...

could be a girl...

On the other hand, since we're concerned with a one day event here, and given how the market sort of b!c# slapped MA for operating expenses (not because it was poised for a correction or anything), we might see Visa get slapped for the same reasons here's a little snippet: MasterCard...

I'd fly it off Ryan. May 4 vol's gonna drop 3300 bp at least. If you're wrong, you'll lose quite a large chunk of the $500 So sell 2 each of the $125 and $130 for credit? I like your outlook on the stock though.

Sorry to hear about your mom Ryan. I hope she gets well soon. I don't pray or anything but I'm sure the doctors there are capable enough to take care of her all good and also that your family is strong enough to brave it out and come out happy! Wish you the best bud!

Woulda coulda shoulda... but didn't ...

That particular post of atticus' was so over my head I didn't even know what to ask... I'm guessing atticus' approach is more like that of a market maker as opposed to a retail trader? ...

What's IG?

Precisely because you couldn't anticipate twice the expected move is why it was a black swan. No use hunting cuz if you can see it chances are someone else can too.. To be "long black swan" would be to be long convexity (gamma) and I'd say 9 times out of 10 you'll bleed

Yes but not everyone has futures trading permissions in IB. Oh, and btw, these are the two references to market data subscriptions regarding options in that page. [5] The US Securities and Commodities Bundle Non-professional Level 1 includes market data for stock, options, and futures...

Funny how nobody here ever reads what you are asking. But to answer your question, yes, you need a subscription to CME Globex which isn't part of the US non-pro bundle in IB. CBOE doesn't show futures options on SPX. And btw ddouglas, it's SPX not ES. ES is the Emini contract. If you're...

Interactive Brokers is your best bet. I'd open an account with ThinkOrSwim but theyre owned by TD Waterhouse in Canada (not TD ameritrade) and they told me I need to make a minimum of 30 trades per quarter which is fine (if you're doing combos- opening and closing a butterfly is 6 trades. Do...

Thank you atticus! But our straddles are in another thread.

How were you able to post this time? When you mean forum, you mean this particular thread or the options forum as a whole which is a "sub-forum" of elite trader forum... of sorts...

"Source"? You made money on that fly? Wasn't that an SPX put fly? :S WAIT!!! Were you hedged with the VIX in some ratio??? And with this trade, an amateur looking at that trade would say- you're going against the direction... what am I missing? And btw, what's a "vol-line"?

Geez, how on earth did you make money on that strangle? So let me get this straight, the MAY 470 put and the MAY 625 call? That was April 24th when you sold it... But today as I see it, that strangle is worth ~$10.50

Looks like it might go your way a little today.. we're seeing some selling here..

So an update... I only lost around $500.. I had a really wide IC in SBUX which I closed soon upon market open... so that helped a little. For the IC, here's a snapshot of my attempts at givin the market makers a bit of a chuckle this morning:

This was a classic black swan... It moved more than twice the straddle value pre-earnings.. nobody thunk it! the straddle sellers are just shitting their pants.. if you sold it, you're at approx a $1700 loss per straddle... YIKES!!! But I'm genuinely concerned for flipside21... he had a...