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Buy the $50 - $150 call vertical spread does the job

The ATM strike with Spot at 2926 is 2925 The 2925 Straddle is 47.05 The 1 SD implied move is Straddle price 47.05 x 1.25 = 58.80 Make any more sense ?

1 standard deviation implied move for the Expiry you are looking at can be approximated by ATM Straddle Price x 1.25

You cannot generally aggregate Raw Vega across different months to determine the position's nett Vega ... better to weight the Vega's from different expiries using Square Root Time or similar

Do you have access to IG Index CFD / Spreadbettors ? ... if so then you could sell puts with same strike as covered call ( as equivalent positions ) Spreads are wide ... and skewed in favour of their book ... but given most US brokers have a problem opening accounts for non-US residents ... may...

... and there is the irony ... Sosnoff frequently states that "there is nothing more expensive than something that is free"

We should ... but apparently many TastyTrade devotees don't ... that's their magic ... like all scams ... and this one is designed to generate commissions for it's brokerage business

You now seem to accept our arguments about Sossy and TastyTurd ... there is no financial network that will teach you how to trade options But it's worse than that ... any financial network that encourages relative new traders to trade naked strangles across many different tickers without any...

Why, when it is so much fun ... anyway ... just doing a little public service ... to try and prevent the next generation of TastyTraders ending up in the same shitshow as the current generation who prbably wish they had never heard of Sossy and TastyTurd

Regulatory arbitrage ... is that what you call it ... the rest of us call it FRAUD Sossy didn't have to see her books to know it was FRAUDULENT ... I pointed it to out Sossy plenty of times on ET ... which is why he got me banned for 4 years

Duh ... he hosted a series called "Where Do I start" ... to train up Newbies ... started with his daughter ... which was such a disaster ... that they have even removed the video archive When I asked where the video was ... they suggested they did not have enough storage to keep the video ...

Why offer an App that allows people to track your trades but not your P/L ... like watching a football match without ever knowing the score Either pure vanity ... or a way of drumming up comms from the sheeple

Along with all his TastyTurd followers ... is he going to admit that the TastyTrade method is as much use as a chocolate teapot ?

You are right ... this is complete bullshit ... but he still keeps on saying it

Except Sossy's argument is when challenged goes ... I have made a living trading this way for 30 years ... However, I won't show you my P/L ... you will have to take it on trust ... But I will demonstrate by training up some newbies ... which almost always end in disaster ... and by the way...

Sossy was essentially short strangles across 80+ different tickers ... and by his own admission ... his short delta was good for the first 3% drop When the tide rolled out ... Sossy was found completely stark bollock naked ... except for his beret !

Selling OTM Calls at high IV all the way down has been a good trade ... I seem to remember it working well back in 2009 As an example, Index Vols for Dec20 are 45% ( compared with normal levels of 15% ) ... Calls that are 20% OTM ... are attractive ... if your assumption is that Vols will fall...

Ask Sossy how his edge / optimisation / risk control is doing now after market crash / vol expansion Sossy was short strangles in probably 80 different stocks opened when #1 market was near all time highs #2 Vol was near historical lows

The UK CFD/Spreadbet brokers offer GUARANTEED stops on most major indices and FX pairs to protect against gap risk ... minimal cost / only charged if stop triggered. They used to allow traders to simultaneously take both a Long and a Short position in the same underlying ... with guaranteed...

It is the probability of the strike being touched ( regardless of option type ) ... use the OTM delta ... which should always be less than 0.50