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  1. TheBigShort

    The Calendar Play Book

    Santa how did you even find these people. Im dying of laughter over here
  2. TheBigShort

    The Calendar Play Book

    Cela a du sens, je n'y pensais pas.
  3. TheBigShort

    The Calendar Play Book

    LOOOOOL play nice Kevin!!!! I agree there is only one poster on this board who thinks autocorrelation is a common word used in every household. I guess not so "secret" after all
  4. TheBigShort

    The Calendar Play Book

    ahh sorry kev I forgot to give you a shout out there as well!!! LOL I thought I was the only one who figured it out!! I was just trying to keep it low key. But I guess no need.
  5. TheBigShort

    The Calendar Play Book

    I have actually been doing calendars and they are giving me a good return. I have posted my calendar plays for the last 2 weeks in my journal (without play by play of my delta hedges) . I have not given up on butterflies, I have 4 of them in my portfolio right now. What made you think I gave up...
  6. TheBigShort

    The Calendar Play Book

    Euan Sinclair once said teaching and writing is an essential part of learning (probably not the first person to say it but I will give him credit here). After spending the last 3 months vigorously learning and trading the term structure with calendar spreads I have decided to write a piece on...
  7. TheBigShort

    My Calendar Journal

    Closed IBM yesterday for .22 loss of 18% Closed FB for 2.04 gain of 13% JPM is trading at .70 but will keep holding
  8. TheBigShort

    SPY basic CALL/PUT options trading indicator/strategy

    Why are you trying to day trade options? Because Bijan Trades said so? I can understand you want leverage so you can make millions of dollars selling resistance and buying support but let me save some time and tell you to look at other ventures. But to answer your question. Lets do an example...
  9. TheBigShort

    Backspreads

    Skew is difference in implied vol across strikes. You can compare 90% moneyness with 110% moneyness for example
  10. TheBigShort

    Trading butterflies

    There are much more experienced people than myself on this board when it comes to butterflies however, trading butterflies on a $12 low volatility stock just does not makes sense to me. TSLA vol looks pretty expensive. Some bank stocks also have pretty expensive vol right now.
  11. TheBigShort

    SPY basic CALL/PUT options trading indicator/strategy

    Actually at the money has the same Vega regardless of the vol line. It's only thr OTM where Vega changes due to changes in vol. (Vomma). Yes long term options are just Vega BUT back month does not increase as much as front months. You need to understand the term structure. I started a thread...
  12. TheBigShort

    SPY basic CALL/PUT options trading indicator/strategy

    I will answer this question by demonstrating why options should not be used for directional bets. Let's look at NFLX it is breaking to new highs. So you buy a call option. The implied volatility right now is 40% ( top of the range). So if the stock moves up (you were right on direction) but...
  13. TheBigShort

    SPY basic CALL/PUT options trading indicator/strategy

    Options are less liquid then stocks so you will be getting dinged alot by the spread. If your not a market maker you have no edge in day trading options. The biggest source of edge in trading options is trading volatility. Trade the underlying if you want to trade direction
  14. TheBigShort

    Destriero's single-name vola journal (riskarb; atticus; et al)

    How good are the estimate dates usually? Do they get it right most of the time
  15. TheBigShort

    Destriero's single-name vola journal (riskarb; atticus; et al)

    For you calendars. When do companies usually CONFIRM earnings? How often do confirmation dates differ from estimate dates?
  16. TheBigShort

    Dispersion Trading

    When vol increases so does correlation. But vix can go as high as it wants to. Correlation can only go to 1. Yes 2 different trades but they are very correlated
  17. TheBigShort

    Dispersion Trading

    Right nicholas taleb buys bonds and uses the income to buy call options. Look into Chris Coles work aswell (Artemis capital). stocks + puts = calls. So no need to buy the stocks just bonds and calls. Selling cash secured puts is not the same as buying bonds. For example if you sold cash...
  18. TheBigShort

    Dispersion Trading

    I was thinking about this earlier. I have done some dispersion trading but not with all components. Cboe has an index ICJ that calculates the correlation between stocks in the S&P. But whats really amazing to think about is that correlation is bound by 0 and 1 (can not have - correlation as a...
  19. TheBigShort

    Destriero/Atticus Vol Journals.

    @destriero are we still in the amazon trade? the fly past your in body strike today, was there any delta hedging?
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