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RobinHood traders making industry luminaries like Warren Buffett, Ray Dalio, and Stanley Druckenmiller look like amateurs. Maybe my teenage son knows something I don't.

Nice Asian stereotype. I agree that markets should trade around the clock with no break and no settlement prices. Max liquidity and continuous prices would be a dream come true.

I need to drink more H2o.

Why only 3 years? I see a 3 decade bull run for gold. Wouldn't suprise me if gold went to 4000 before the S&P 500 did.

The answer is simple. The same strike calls are being priced from different underlying futures. VIX Dec futures are trading approx 1.50 lower than Nov futures, so the Nov calls are closer to ATM than the same strike Dec calls. http://vixcentral.com/

Heightened volatility sucks for buy-and-hold investment performance...but it makes for a great trading environment with plenty of opportunity.

Looks like the Saudis and Russians are about to ramp up production in August...probably too soon for oil bulls. I think their strategy is to keep oil prices from collapsing back into the 20's, but at the same time keep oil prices low enough (below $45/bbl) until US shale and other high cost...

We were in the mid-20's less than 2 months ago. The turning point was the OPEC+ cuts finally taking effect on May 1, and the lifting of the shutdowns shortly thereafter. Those same inaccurate polls had Hillary winning in a landslide back in 2016...remember? Trump was a 3-1 underdog going into...

WTI is going to struggle to get to $50 by Q4.... it can barely stay above $40 and the market keeps rejecting the $41 level (4 days in a row and counting). Until we see a production quota changes from OPEC+, Bone is right that crude will mirror the stock market going forward...so we are range...

Obviously we all don't mind making steady gradual money in our permanent long-only retirement/equity portfolios, but a purge would be welcome. It would make for a much better trading environment. If and when the Fed stops artificially propping up the credit and equity markets, we could finally...

Nasdaq (QQQs) rally is almost being entirely driven by just 5 stocks which make up almost 50% of the index. Same 5 stocks make up 20% of the S&P 500. I doubt an equity rally can be sustained with only a handful of tech and biotech stocks carrying the whole market.

The market is in neither a bull or bear market. It's stuck in crappy range 3000 - 3200...for over a month now. Everytime we approach 3200, a wave of sellers come in and hammer it back down to 3000 in one or two days (5 to 6% mini crashes). When it gets around 3000 the impatient "buy-on-the dip"...

I would recommend using a 3rd party data provider if you aren't tracking/recording the IV data yourself. A vendor like ORATS, a sponsor on here, would be a good place to start. Matt, you can thank me later with a 20% referral fee.

I meant it to be more of as a complement, but obviously it didn't come off that way. So I apologize. What I really meant to say is that I would rather be stupid, lucky, and rich....than smart, bitter, and poor anyday. So there's no shame in not knowing the nuances and details of option skew...

In my opinion, always a good idea to delta hedge, unless you have a strong directional bias.

Sometimes being stupid and lucky isn't a bad way to go through life.

"The trades are negative theta, but the options models are incorrect on the negative theta calculations on far out of the money options." The theta bill on your far-out puts doesn't take into account that the put strike skew steepens over time. So your long winger puts move incrementally higher...

Good stuff Bobby. Maybe this is something you should automate and sell for millions to clueless wealth advisors who have no concept of hedging downside risk. Being diversified fails miserably when correlation goes to 1 for all risk assets on a big down move. Couple of questions: - How did you...

In general you want a low vol regime...like a sub-12% VIX environment, and where the upside call IVs are trading in the single digits (irrationally cheap). You also want a relatively steep skew, which normally is the case in a low vol environment, where the upside calls are trading at a...

A sphincter says what?