Search results

Looks like you prefer to catch implosions and explosions right ? I usually trade ranges, so there is much less news and data to follow and market for most of the time does not do anything, so my strategies work, but maybe I miss something important in my trading style ? I don`t know what is...

Mav, is the presented strategy almost exactly opposite to the one recommended by you earlier in this thread (short calendar) ? I was testing vertical/horizontals due to the fact, that sometimes simple verticals do not give decent reward/risk ratio. This way the bet might be less expensive...

Let`s talk then: what do you think is the advantage of vertical/horizontal spreads versus simple calendars (horizontals) ? From my point of view looks like better risk control but I`m sure there many more to come.

Mav, Although the idea is very interesting :) certain factors may cause whole concept not working. In my previous trader`s life (before I started trading options) I was in trading systems and many times when I had received terrible results after testing I tried to reverse whole concept and...

Mav, you mean: yes, I trade them or I try them ? Best

Yeah, this one is definitely missing in your poll

So, the most important qustion - why to sell something so good ?

I am not very much passionate about computers either. Good enough I had to spend with them more time that I wanted to :) Anyway, if it is possible in EL it will be possible in others. We will push things forward. One technical - if you scalp small movements, do you scale if market goes...

Is this Visual Basic ? I think so. His concern however was how to place orders automatically. TS has such feature, can you do the same in Excel ?

Maverick, he can code this in EL for TS. Is this OK ?

Maverick, one more question - how do you choose the difference between expiration months doing calendars ? Two at least or something more advanced ? Thx.

Maverick, I say "we" as I run small company doing market researches, recently also some FX brokerage in Europe. About btflies: I just gave an example, but in reality I convert them into different strategies, however the mentioned example shows the idea of whole strategy. Also, I do exactly...

Maverick, it is funny but you are right - I have really confused short calendars with long calendars. The description I had from "Futures" magazine was about "spreads" and related to index products, which as you said, are better candidates for longs then shorts. And now everything looks just...

The risk you are talking here is similar to risk accepted in calendars i.e. risk of huge move resulting in loss equal to difference btw. front and far month option. I know it happens rarely, so my max risk is related to the same situation. What is important for me that market move sideways in...

Maverick, sorry for the delay. I had no chance to see him this week, but I will meet him on Tuesday. As for now, I know that he needs more details about how you scalp gamma, to define the algorithm. I will PM you his detailed questions after our meeting, after explaining to him what I know...

Let`s say whole btfly was $50 debit (realistic - I have done it) and this shorts were $45 and once market went down, now they are $25 (also real quotes). Then by buying them back you increase total risk to $100 (two times $25) if the market falls down and never comes back through the life of...

Maverick, let`s make this one: long btfly QQQ: long 32, 2 shorts 34, long 36 if market moves down you buy shorts back, when goes up back again you sell shorts again, this example is too much simplistic and this not real gamma scalping but I believe it gives you general idea of...

I don`t try to leg into them on special occasions, I just open them around resistance/support level and wait. Then I adjust them using shorts i.e. gamma scalp them. If market gives enough opportunity sometimes I can get free trade by doing this, otherwise my risk is still limited. I believe...

While he is working already on this concept, few more observations took my attention: have you ever tried to do the same using short butterflies (multiple positions on various resistance levels) ? I have been trading them for a while and I constantly get scalping gamma opportunity. The best...

Maverick, first of all thank you very much for valuable insights. However about the program I have forwarded your message to my programmer to get professional opinion. I know this is possible, just interested how he handle this. I`ll get back to you when I get response from him.