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Just running my volatility studies and marking them down before the close. Vega is puzzling. It has dropped from .10 to .9. That is supposed to help right? Meaning market will go up? What is it telling me? The trend for IV is steadily but slowly increasing.

Forex Forex You only bought one contract? Wow! I can´t even get the TOS platform to accept one contract. So I trade 2. Yeah I checked before market opened and it was going to Gap a small gap. It did and I planned to do that other trade of yours in reverse for the GAP closing back...

The few times I tried it, the index closed way off away from pegging the busiest volume. Once only it worked.

Thankyou Kinggyppo for caring. I´ve book marked this IV option calculator. Will try it over the weekend. I goofed up yesterday. In the option chain of TOS I was making a paper trade in the July Weekly. Turns out it was the wrong weekly. The first entry, which was the end of the month...

Vega It says in my notes that VEGA is sensitivity to IV. Where am I going wrong in understanding then? The vega number when a straddle is put on is .10 Lets say as it moves one strike in the QQQ it goes to 9. It moves two strikes down, it goes to 8. Other than paralleling the...

Forex Forex What time is this earnings report supposed to hit the market?

Good morning to you to, Eudamon this exciting Expiration Friday. I have four trades on. Two in paper trading, one is a straddle the other a directional trade in Puts, and two straddles in REAL MONEY. 7:15 a.m. here, the market opens in 15 mins. Lot of fog this morning. Can´t even see...

Whats an OP? Where you referring to me? Iceman1 I´m beginning to agree with you on the differences between paper trading and real money trading. Actually I do agree with you. However, with reservations, because the paper trading allows one to familiarize with the trading platform in...

Aaaaah! I dont have any list of earnings reports that effect the market. Been trying to collect them, but having trouble finding them on the internet. Would you know the biggies? I´m in another CASH TRADE beside the one I´m holding. Just put it on. 2 QQQ Sept Straddle 57 at $4.01...

Well what do you know! Took a look at that spread and it is in the money by 4 cents. Give me another .30 cents or so, and might just close it.

Ha! Ha! ha! Market is slow this morning I guess. I was just napping in the hammock on the trading room verandah. Think I might just go downstairs and fry up some Breadfruit slices. Got a lot of fruit right now, it being harvest time. The only drawback, my wife says I´m getting too fat...

Cant get into Freestockcharts.com this morning. Wonder what their trouble is? Everything else working. Big Charts is showing the market weak, with no volume, or pressure to make a trend. Sideways action.

+ .2 Delta King gypo query

nfamousyoungest I finally got around in TOS searching for Analysis to do your recommended search. Couldnt find it. Any suggestions? I use TOS Web trading platform

Atticus Well a look at the Option Chain clears that up. I figure you subtract the delta numbers of the puts and calls and get as close to what you want and that would give you the strike number of the STRADDLE. Simpler now, I can look at it. But thinking about it when away from the...

Atticus Thanks for the comeback and clarification. Hmmnnn! I´m thinking about what you said a bit. Some on here call me long winded, but it is just an attempt to understand better, as the common jargon by long term professionals and assumption, a novice like me understands the jargon...

Thankyou Atticus Some of that is over my head at the moment. But I did get the business of buying a long straddle at + 25 Delta and buying a Bearish direction long straddle at - 25 Delta. Using the Long Straddle as a biased directional trade. I´ll put that in my notes, for...

Been in a paper trading directional 2 Contracts Sept 59 PUT. Since last Friday. Decided to close it out as well. Got some profit. Bought for $2.06, sold for $2.60 = + .54 cents .54 x 200 = $108 - $25 commission = +$83 net profit $83 / $412 = 20 % gain...

Okay lunch time Wednesday. Been in that Long Strangle, long enough, paper trading. This was put on when the index of the QQQ was at 58.80 and has made a small profit two times already. So decided to take it. Strangle was for a spread of $4.00 cost and closed it at $4.33. Making .33...

Yup! Take a clear see through protractor from a kids geometry set and work with it. Of course Free Stock Charts have indicators that do these fan volicity trend lines now you can use easier. Same thing though.