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I dunno why I said that.. Which is why I edited it right away.

Well here's what happened. I have a small account and after some risk-plotting, etc etc on TOS I decided to get into a condor 580/585/595/605 ... I also wanted to profit from any downside swing so i also wanted another condor on the put side. As I entered the upside call condor in IB...

I had a similar trade. Long 580, short 585. And yes, it will be profitable tomorrow

My favourite section by far. This dispersion trading doesn't seem suited for smaller accounts like mine. Anything less than 50K will simply won't have enough cash for hedges, etc, not to mention the insane high margins required to sell index options...

I had a biased put condor way below for a tiny $1.56 debit. But i also had a straight call vertical... even with the IV drop, it'll net me handsomely tomorrow morning... i can sleep LOL

BIDU just fell 10%... good devil!

Very interesting! I'll be reading this thread too. Any interesting links/ books etc on this strategy, anyone? I think I kinda get the gist of it- delta neutral trades based on trading the index and beta adjusted constituents ... In another note, hey newwurld, my WMT bet is paying...

For AAPL, simulate that calendar using a 12 point drop in MAY and see what happens- just for good measure. Also- a 10% drop or rise isn't unlikely, the drop especially. AAPL has moved 10% on earnings before... I'm still gonna get into some biased flies...

Wow, these markets are manic depressive right now. Got prozac?

bahaha!!!

There's several ways and depends on what you're asking for... For the one day move: Look at the ATM straddle value. For movement between two different expirations: Calculate the event-related volatility using the forward volatility and use that to calculate the event-related move...

Vega is higher for longer expirations. A few vol points will have a much more.severe efect on the long term options... I might have some biased flies on aapl tomorrow... Bidu too... I'll see...

Risky trade optionatrix This is a serious case against WMT. If it gaps down tomorrow your options are gonna be hurt...

It feels like you're in the midst of a correction, but then it also feels like it was a minor correction and that it might be over- this whole China news about their economy slumping is just annoying.

Not sure what to do here... totally lost...

1/3 ? In a straddle? If it was an extremely low prob credit spread with small profit, yeah I can understand... but putting 1/3 of your account in it means you expect the underlying to explode meaning your vol has to be BANG ON... Noone here can forecast vol that well and to put things...

EliteTrader is the best place to trade options- hands down. Entering orders is as easy as typing it out Example: Jun Monthly ATM Call on AAPL- 10 lots. Then once you post it, edit it according to whether it was a loss or a profit. Consistent profits, no losses, bragging rights...

I'm gonna miss you... <iframe width="420" height="315" src="http://www.youtube.com/embed/sZG-VvlErJY" frameborder="0" allowfullscreen></iframe>

In all fairness though I do like how they allow you to adjust vol in the risk navigator. But gawd awful graphs just turns you off...

Good job with the gif. Bad job with the trade- as always.