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Hmnnnn! Thanks! That gives me some confidence on my own calculations then and expectations.

VEGA I see by my straddles that Vega on the CALL side has dropped from .10 to .09 and today .08. I have no clue what that is telling me? On the other hand, my TR ( true range ) figure seems to give me something the same as VEGA? I´m getting a trend, but what kind of trend? What is...

Ha! Ha! Ha! Eudamon I get your point. Still I´m trying to calculate what is the best way to go and people throw terminology and jargon at me, that I do not understand. So attempting to do them in paper trading is my way of at least acquainting myself with the terminology. On the other...

Thankyou Atticus I think what I plan to do, is put on another CASH MONEY Long Straddle at QQQ 90 thereabouts, Delta Neutral. Then to see what would have happened, will put on a "paper trade" using your ( Atticus ) biased +25 Delta Strangle. Then I can compare one against the other in...

I´m with you Eudaman. Let me see, I have a long straddle (CASH MONEY) put on at QQQ 57. 2 contracts. The delta was neutral when put on. Currently the market has moved and that straddle now has a skewed Delta. If I buy 2 more PUT options at -.28 Delta, which would be the QQQ 56 PUTS...

Dynamic Hedging of the LONG STRADDLE This continuous resetting of an option trading position's delta value to zero is Dynamic Delta Hedging or simply, Dynamic Hedging. ____________________________________ I guess from this you adjust your delta neutral position by adding or...

kinggyppo Ha! Ha! Ha! Curious minds want to know and too many dull hours between having a straddle win it´s quota. Which got me wondering. If you bought a long Straddle in both QQQ and VIX, you would average any profit or loss, since they work opposite? Would this help you when...

Well a bit of time on my hands here. I was wanting to learn a bit about hedging. A comment by Dolemite, confirmed by Derivatives G stayed in my mind. So went scrolling through the back posts on this thread. At the time I didn´t understand it. Not sure I do yet? Basically the comment...

ATTICUS Let me run this by you please? The QQQ has reached the QQQ 90 strike. The trend has changed and is going UP. A breakout also has occured. I wish to use REAL MONEY and put on another long straddle. Since I believe we are now in a bull trend, very shallow as it may be and not...

Forex Forex I tried your overnight trade this morning. Will try it in QQQ each night this week. Made + $11.00 this morning. Probably make more as the day progresses. This is paper trade. Just curious. Can´t hold it long because of THETA being high. I find my straight Calls and...

Forex Forex Thankyou for the clarification. Would it be right to say you are doing better with GOOGLE than with QQQ? Overall. I´ve heard that Google is a big swinging stock. Very volatile. What is it costing to do a Google trade I wonder?

Pre Monday morning. Well a look at things and formulating all this new knowledge, trying to make sense out of things for this novice. I see the market is going to drop on the opening? Wonder how much? My record keeping reveals something interesting. I think I could and probably...

SLe I accept there is something about VEGA that is supposed to be telling me something. What I don´t know yet? Haven´t seen anything so far, but then market movement is shallow. SLE comment about using the square root was interesting. I just got to try it on .10 Vega. = .31. I am...

I´ve been wondering Forex Forex, why you are not trading that expiration Friday trade with REAL MONEY? Seems you have enough working samples of success now?

Forex Forex You lost me completely on that one. Atticus is the consumate professionals professional. Right to ask him.

I was looking for the ATR and TR of the QQQ, but couldn´t find it. So what would be a substitute for it? I would have preferred daily.

Iceman1 I agree with you, the money is in directional trading. I plan to trade the long straddle and when it predicts a trend direction, then move to a straight buy in puts or calls. The money is in the directional trading for sure. Also in the compounding. Which is when you increase...

I´m trying to work it, so I make a profitable once a week long straddle trade. That said, I didn´t make anything this past week. I am however holding two long straddles with real money. Essentially, I´m trading the hourly chart. The movement is up and down within the longer weekly bar...

Wow, those two missives from SLE and Atticus were interesting. So basically you are hinting that my Vega drop is due to time and is not really telling me anything?

10 mins before the Friday close. The market has broken out of the pennant to the upside. I didn´t think it would do that until Monday morning.