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I assume you’re referring to equity options Futures have options also. I’m referring to equity options. Futures and options both don’t pay a dividend - so in this regard, yes. Futures also have no technical cost of carry - your broker is the sole determinant of your margin. Not true on...

No they’re not. Post pics of the sales. Positions and stamps.

That’s a nice pic of your qqq position. Let’s see the pic of the trade.

Please someone correct me if I’m wrong. He was telling him it was pointless to roll another deep in the money credit spread on such a short time frame. No catalyst and you’re making a buck and risking getting hit for 9.

Stop, you definitely meant that

Yeah kid. Long story. Couldn’t find my calling - technically I still do, but on the wealth side of the house - it’s v Hard to make that move back over

Bet 5 bucks into a 50 pot. Clicked recently thx to you and that insanely good book by Saliba. Synthetics baby. Wish I figured this out before I tossed in the towel on the institutional game. I would’ve been nasty.

Yeah that’s gotta stop ASAP - I have a real account but the sim quotes on paper money are 20 min delayed on the watchlist but then when I structure a position and go to execute it shows it to me in real time as well as on the position monitor.

Put a couple hundred bucks into think or swim - then use the paper money simulator which is amazing- and open up a trading view account for real time pricing which is free. Try things out along the way. No reason to keep burning money. Believe me I could show you statements that’ll make your...

I wouldn’t trade another option until you have read this book cover to cover I'm reading Managing Expectations on Scribd. Check it out: https://www.scribd.com/book/383843602

Volatility

I think I see what you did here. Well, you learned a quick lesson on vol. ...you don’t want to buy vol when vol is high. When you are long a contract you are always long vol, short time (theta)..., you got hosed here , I suggest read a couple books if you want to speculate on options

Makes no sense to leg into a diagonal now with the vol down 50%

I read the wrong series above, was looking at 9/2021 - assume the debit is 1.15 above and the payoff is almost 20:1 on the Jan fly same structure

Wrong. Neuters him on a debit with no upside

don’t do this. It’s way too long of a term To own that Vertical, It’ll tie up 3x the capital is the fly, Your only out maybe being maybe you get in the money sooner than expected, meanwhile your payoff is less than 4:1. Not including your original basis You have the patience to watch it for...

Outside of just selling it which would be my reco, build a fly and short two 160’s and buy a 180. Now you have a fly at still relatively decent vol. takes your cost down to 1.56 , no margin tie up, 82% less Than your remaining cost, of 8.65, and would normally potentially net a potential gross...

You’re going to get castrated. Pls post pics. Gl.

Vaya con Dios.

Gee I fucking wonder. Sold to you