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the stats show 95% of traders fail. that means most posts about trading are going to be wrong.

/ZN /UB /ZB contracts getting killed today..waay more volatility than the ES contract despite the margin requirements of ES being higher. UB for example has a $6k requirement and already went though $4k of that today. I were the broker I would put a $15k margin requirement at least on UB. It's...

selling puts on blue chips is not such a great strategy, mainly because you get the same IV as the SPY but the added risk of individual stocks...bad bad bad. Not too uncommon to see a blue chip fall 2% in the morning when SPY is down a little. Also you should never use TDA for option trading...

home insurance is waaay cheaper relative to the value of the home than put insurance is relative to the value of the portfolio . Home insurance pays out everything in the event of a crisis...with puts you have tp buy them 'in the money' for the same effect, which is the most expensive

a sold call will almost always fall if the underlying falls

probably something dumb he read from zerohedge

a huuuuuge cost. a 'cost' is an understatement

See a backtested history of VXX to see why buying puts for protection is a bad idea. Ignore that crap about Taleb and blackswans. Puts are waaay overpriced...many academic papers have been written on the matter and all conclude puts are overpriced relative to the risk of a crash. If you are...

can you expound on that..any links

no kidding...the secondary market is more profitable. why go IPO at $40 million when you stay private forever at 400 million

You should use Think or swim..They will always fill your market orders instantly at the worst possible price

Selling XLP , USMV puts is a good strategy

if you can get 10 cents of extrinsic value on VIX calls that expire in 1 week < I have a bridge to sell you .maybe you can get 10 cents if they expire in a day..but no way if they expire in longer than a week. That would be the equivalent of 'going long the vix' which is impossible .

that is impossible unless there is less than a single day of expiration . all ITM VIX calls, including ones that expire in just 6 days, have at least 60 cents of extrinsic value ..no free lunch with VIX thats for sure

mathematically , due to the huge skew, buying VIX calls is a loser bet. it almost never works

I only see September 7th..no august

lol I think it's more like 10% a year..even 40% would involve huge risks

based on some simulations , an IC is better if the trade immediately fails (huge IV event soon after order is placed). IC bad however if the vol. event comes latter because the lower legs will have decayed a lot and have virtually no delta Fixing an iron condor can be expensive due to the fees...

you would have to backtest it. IMHO the 20% OTM yearly leaps may be worthwhile if you get a huge rally like 2013 or 2009 or 2003 once in awhile. I think the expected value is positive even with all the down years. Also may be good to combine it with selling a deep out of money put to cover premiums

what happens when you have a situation like 2013 where you have low volatility and the market keeps going up. ..what do you do then