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So then we can do like those Jack Hershey journals. "Welcome to the third version of the journal, please read version 1 and 2 in its entirety before starting to read this journal." Pointless. I think a condensed version of this journal as a Word document is the right way.

This reminds me, someone who was good at calling people knuckleheads then proceeding to give very good information in an easy to digest format was momoney. Haven't seen him around in awhile. Anyone know what happened? I really liked that guy.

Mav, Thanks for all of your very good information over the years. I've learned a ton. I have a question though. I understand forecasting vol is not easy and there's nothing saying it has to go up or down based on the underlying movement, but how would you weight your forecast based on...

So assuming my asset types are correct. I've gone through and selected funds that meet the following criteria: 1) Price less than or equal to NAV 2) Yield > 6% 3) Fund management fees < 2% 4) Leverage < 10% (except for municipal bonds, which all seemed leveraged 30% or more) U.S...

I'm looking for a way to grow some excess cash. We used t-bills last year, but I'd like to try and squeeze some better growth. This is money that can go *poof* and no one hurts other than being a bit steamed over losing money. My goal for the short term is to get my feet wet with this stuff...

Seems like a non issue, WTOL has even cut the story and gone back to regular programming.

First post for me on this topic, but I've been doing a lot of research into these lately. My opinion, this fund looks like it has a lot of market risk in it. The price vs. NAV seems to correlate with the stock market. It's also leveraged at 33%, so I think when/if the market turns, you...

OK, good it's not just me losing my mind. My quotes stopped coming in and my P/L is all whacked.

Thanks for the response, I obviously have some more research to do.

I wish you luck.

HA! I love where this is going! Our technique, only known to 1% of the traders out there, will time your personal snoring patterns with the elliot waves of the market so that you can literally make money while you sleep!

Well, I just received some spam to try out couch potato in the standard snake oil salesman format. I didn't notice it was Mike Parnos who I've recently discovered is renaming options strategies and calling them his own (and writing articles about them). Anyway, CP is nothing but iron condors...

Thanks for the response. Yes, that's definitely a start and it's what I do, but I really wanted to eliminate volatility as a variable as much as possible. I was wondering if there might be some ideas other than strike selection on a spread. I'm sure it's a lot like trying to neutralize...

Other than a synthetic long or short are there other strategies that can be used when one is unsure about implied volatility going forward? If I'm confident the underlying is going to move one way or another, but the IV is right in the middle of it's range, it's hard to say which strategy to...

Great stuff. Thank you.

Thanks coach. So I guess my question is really, can I "take advantage" of this mispricing, or am I somehow assuming risk somewhere that isn't obvious? In other words, is the put calendar cheaper for a reason? I understand assignment could be an issue.

Guess I'll just have to trade it myself and find out then. :D

One is the call IV and the other is the put IV.

IV is a number like stock price is a number, it's relative. There are some differences. Some believe that IV is mean reverting. The conventional wisdom says buy low, sell high. In other words, if IV is high (relatively speaking), you should be selling options, if IV is low, you should be...

I'm investigating calendars and diagonals. So I'm at the point of watching prices. I have a mildly bullish bias on CEPH this morning, so I give it a look. I build a call calendar spread with a strike price @ 80. (Bullish calendar). And then for grins, I looked at a put calendar spread to...