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btw where's sweet bobby? he disappeared at page 16

Ok, let's start with the first entry. Narrative: A bunch of bearish news over the weekend (usual) unrest, economic slowdown, mounting debt, etc. A quick scan of the Chinese bulletin boards however is not showing much movement. Actually the biggest news there is still about capital markets...

1_ You can't daytrade stock but you can daytrade options 2_ In any case I'm not daytrading

510050

So.. I decided to start a journal. I have always been keeping journals, however, my discipline recently has slipped a lot, and I figured out that maybe I needed to put my thoughts on a public space, as a way to keep myself more disciplined but also as a way to invite different opinions into my...

I also agree with that statement. When I started dabbling with options there were a few ET members that really helped me a lot and pointed me in the right direction, despite the fact that I was probably asking questions that 999 people had already asked before me. Eventually, I also discovered...

That's why I was very careful in putting a "TM" after it :D

Said from you it's a bit surprising. I thought that all the pro boys ͭ ͫ had a stop embedded in the option spread. Interesting. So you are adjusting stops based on vols? Do you use things like local volatility to model possible worst-case scenarios?

All the experienced options traders seem to agree on the fact that putting hard stops on options is not optimal, and usually you should get out when your view on the underlying changes yada yada yada... And so we get down to the main question: when do you admit to yourself that you are wrong...

You can try using Kaufman's adaptive average (KAMA). Usually, it's based on a 10 day period, but can be adapted a bit. MIDDLE:=(HIGH+LOW+CLOSE)/3; SPD :=REF (MIDDLE, 1)-REF (MIDDLE, 10); VLT :=REF(SUM (ABS (CLOSE- REF ( CLOSE,1 )),10),1); EFF :=ABS ( SPD / VLT ); FASTC:=2/5; SLOWC:=2/21...

bingo

yep, full adjustment/duplication across all strikes and expirations. let's say there were 3 expirations before, 30-60-90 DTE each with strikes 2.8/2.9/3.0/3.1, and then that the dividend was 0.02. All options would then be transformed into 2.78/2.88/2.98/3.08, across all tenors. premium before...

you could predetermine a threshold for your deltas. Within that limit, you don't adjust. If you cross that limit, you could add a few shorts to bring back your delta within the boundaries. This is however just talking in a vacuum. Actually, there are many ways of being gamma positive, and you...

hehe if you really want, I could help you do some translation work.. in exchange for a few pro tips, of course :sneaky: however, for now, my main question is: how do I adjust my models for that? Just set dividends to zero in all formulas as they seem to have no influence on the outcome?

I can confirm that I saw those products popping up on my platform, tried to input an order but they are untradable..

hey guys, so, today was actually the first time I went through a dividend while holding options. I trade a chinese etf which pays a dividend once per year (european style), and today was the ex-dividend date. So far my knowledge of dividends had been purely theoretical (I started trading...

:sneaky:

why not? I'm not trying to attack you here, just wondering why you cannot use the design from a SciFi movie (beyond possible copyright issues). As long as there are enough people willing to buy it, I would say that no design choice is by itself bad.

Thanks for the testing Matt. So, would it be possible to do a test with conditions? Can you program them with custom formulas or do you choose from a preset?