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  1. K

    Option Spread Trader, New Beginning

    Something I'm pondering: I am short 520 shares, and short the Aug 145 Calls. If aapl shoots to the moon (maybe if they give a pre earnings press release about better than expected iphone 3gs sales, steve jobs is 100%, etc.), perhaps these will get called away. I dunno if ToS papermoney...
  2. K

    Option Spread Trader, New Beginning

    this image is the risk profile with volatility at 45% (green line) and 50% (blue line). The date is 7/20, because I am assuming aapl will release earnings on the 21st/22nd, so I would exit this position just prior to that. *okay the risk profile images are shitty as hell, sorry. I used...
  3. K

    Option Spread Trader, New Beginning

    this image is the risk profile at expiration.
  4. K

    Option Spread Trader, New Beginning

    Just saw Transformers 2, GO SEE IT!!!! Great action, Megan Fox is hot, just overall great! Long as heck though, make sure you use the bathroom beforehand, or at least don't drink too much of your coke during the previews (yeah, i did). Anyhow, so here's my position. Delta-Gamma Neutral...
  5. K

    Option Spread Trader, New Beginning

    OK so my final went well, got an A- in the class! Summer is looking good so far. Hung out with my boys on Friday at the casino, Saturday went to a house party, it was kinda wack though. Maybe later this week I'll take this cheerleader breezy to get some Dairy Queen. I've been reading...
  6. K

    Historical and Implied Volatility

    Try this, it's free, don't know if it has all symbols tho: http://www.optionstrategist.com/free/analysis/data/index.html
  7. K

    Delta-Gamma Neutral, Long Vega?

    Reading more archives answered my own question. Thanks for reading anyhow :)
  8. K

    Delta-Gamma Neutral, Long Vega?

    I'll try it in ToS thinkback in the meantime but I'm sure there's an options pro that could give me a definitive yes/no :cool:
  9. K

    Delta-Gamma Neutral, Long Vega?

    Hello! Long Straddle is 1.Long 1 Call 2.Long 1 Put with same strike/expiration. I suppose you could construct a delta-gamma neutral, long vega position that is 1.Long 'x' Calls frontmonth 2. Short 'x' Calls backmonth in a ratio for Gamma Neutrality then 3. Long/Short...
  10. K

    RIMM Double Reverse Calendars

    Hey spindr0, well the position in that picture was using the current IV at the time, which was around 53%. I changed the Volatility Adjustment back to 0% (yesterday I had it -10% so I could see what the profit picture would look like if bebpasco's prediction was correct) so that it would...
  11. K

    RIMM Double Reverse Calendars

    I papertraded a 85/65 position yesterday, here's the risk profile today.
  12. K

    RIMM Double Reverse Calendars

    Yeah I hope you guys made some real cash with your positions!! RIMM's relatively flat open from yesterday means a profit near the peak of the 'W' shaped 90/65 long/short june/july positions!! IB also shows RIMM's IV at 53%, great prediction bebpasco!
  13. K

    RIMM Double Reverse Calendars

    It's cool how you guys talk options so smoothly, I want to learn how to do that.
  14. K

    RIMM Double Reverse Calendars

    bebpasco, thanks for the explanation. I'll watch how this performs tomorrow!
  15. K

    Equity Fund Flows Data

    Hello, is there a free source for Equity Fund Flows Data? Perhaps there is a ticker for it if supplied by an exchange?
  16. K

    RIMM Double Reverse Calendars

    Thanks spindr0, yeah i constructed it in TOS and adjusted for a change in volatility.....but it seems too easy? How can you profit from a large move OR a drop in volatility? No free lunch? Although there are loss areas in the bottoms of the W, I'm guessing that this position is meant to be...
  17. K

    RIMM Double Reverse Calendars

    Hi. Last earnings (think it was March/April), RIMM jumped 28 points to the upside. This position benefits from a strong move and also a drop in volatility? Where's the risk??? I'm trying to find it.
  18. K

    Option Spread Trader, New Beginning

    Hello! Well, the first thing I'd like to do is reference you to an absolute treasure and one of the best threads to exist on ET "SPX Credit Spread Trader". http://www.elitetrader.com/vb/showthread.php?s=&threadid=49586 If you are new to option spreads there is a wealth of information...
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