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    Gamma Scalping with Reverse Iron Butterfly

    another question: if you use r.iron fly for scalp,then you must scalp OTM shorts.....the gamma is very small,bid/ask is much bigger and hardly the scalp will battle even with commissions and bid/ask.....you need much bigger moves to do something,which with a straddle will make you much more...
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    Gamma Scalping with Reverse Iron Butterfly

    negative empiricism again-i was told like that.....and i never question it..... and with a simple logic it gets you right there-you substitute 2 long options with a future-you get rid of theta exposure...but lose the gamma for that. but when they are hooked into a straddle its really the...
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    Gamma Scalping with Reverse Iron Butterfly

    never thought about that:D
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    Gamma Scalping with Reverse Iron Butterfly

    1.this is not a synthetic straddle 2.its 50% cheaper,because max loss is the primium of the options,your futures are 100% hedged-no need for margin r. if you do straddle ,you buy 100% more options:D 3.how can you say that theta is the same,when with the straddle you have twice more long...
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    Gamma Scalping with Reverse Iron Butterfly

    the options,that you use for scalp are the actual hedges. you can not build scalping position with a butterfly,because you dont have open legs on which to scalp. your fly will get into high risk gamma play,instead of gamma scalp,because your scalps will be more short options,than long...
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    Gamma Scalping with Reverse Iron Butterfly

    try SPX:D if i can scalp with options on every 6 to 8 ticks,so could you..... when you start long term scalping position ,the most important is the liquidity vs daily range fluctuation. the perfect liquidity is SPX,the best swings-oil futures...... even that the bid/ask spread...
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    Gamma Scalping with Reverse Iron Butterfly

    well,still you have to start with a straddle and then the scalp might change it into RIB. actually you will use option for scapling,instead of the underline,which is a good solution,if you know how to do it. i dont think,that you will get to RIB,more like changing one of the legs into...
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    conspiracy theories

    well,never said something about smartness or who has bigger balls,or who is more handsome:D but if we talk about "outsmarting" let me give you my point of view: a think that everybody,who is capable of working for himself from home and work whenever he wants is more succesfull than...
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    conspiracy theories

    ha,ha,ha.....i was really wondering how many billions the hedge fund industry lost last year on betting that the future curve in the oil market MUST tighten before expiration :D a couple months ago you might have seen the same......when the goverment started to talk about commodity market...
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    conspiracy theories

    yes,i am extremely concerned about the time decay of my long calendars:D but must face this terrible inevitability ,mustn't i?
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    conspiracy theories

    well,thanks for the history lesson. actually,to be correct i am collecting put options by buying calendar OTM spreads,not buying just naked puts. and......these money were easy made-last year,when your history lesson had proven wrong:D i am just hoping that goldman will show to...
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    conspiracy theories

    some people like to collect coins,other paintings.......i am starting to collect put options on the oil :D we'll see what kind of collection i will gather from now,to december and how valuable they might become till christmas....... even a christmas tree i might build with them :D...
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    conspiracy theories

    i think,that this forum is missing such a thread:D now ,here is the latest: yesterday,in EU somehow all the media started to talk about "world" currency:) the last time,that was "heavilly" discussed was last summer,just before the dollar rose very sharply:D i dont know why...
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    covered call price drop

    am i?as i remember you were telling him,that he didnt make money on the covered calls because the IV fell...... :D are you sure that you have sold an option yet?
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    Thoughts on ITM calender calls

    you are new,but i like your passion passion and your creative logic. you might learn faster,than an average trader...... to understand more about the dividend you must read more about the put/call parity...and how to produce cyntetics.....it not a big deal-easy stuff,and will open some...
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    Thoughts on ITM calender calls

    thebubs,a lot of times,the put spread is cheaper.....today i was buying oil calendars-the put was 1,300$,the call 1,850$.....there's 50 cent contango between the futures,but still. you just have to check everytime which is cheaper and buy it. take to consideration also,that if they are...
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    covered call price drop

    are you asking about the covered calls,or only half of the position-only your short calls?
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    covered call price drop

    do you make a difference between call and covered call?
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    covered call price drop

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    covered call price drop

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