Search results

Domestic, With the recent roller coaster, i found it easier to manage a single-leg position than a spread. What is your opinion in managing naked options (since you have done a lot of naked writings in the past)? [edit] did you buy the mar put x 1 and sell the apr put x 2? Is that also...

I thought you shorted the er2 apr put without any long put to cover it after you covered your long mar put.

domestic, your success story is a proof that even an unlimited risk strategy is a "good" one for those who know how to use it.

I believe it was a good move. Your timing is a lot better than me. I opened call spread last week when IV was high, and closed half of it for over 50% profit yesterday. I was trying to manage gamma in the same time getting some juice from the high premium environment.

I sold more Mar and Apr premium to take advantage of this higher IV environment. My book is currently delta neural, and I will try to keep it neural till expiration. I did get some extra put options at the first panic drop, and this put has increased up to 30% yesterday in value, but it...

Mark, How does your extra wings (call-only) work in this environment? My call-only extra wing in far month (June) doesn't help much. Is it because it is too far out?

Yes. Good traders continue to go well even with a "bad" strategy. Bad traders do bad even with a "good" strategy. IMO, strategies are always neural.

I think Argus is wrong in his annual performance summary. He said -12.31% max drawdown, but the actual max drawdown should be -32% from Sep 06 to Nov 06. Just don't understand how NFA audits his record. A record in Argus cannot be used as a proof that the strategy is bad. Look at...

Piccon, how did you do with your CTM vertical? Just want to know if timing an entry (using OB/OS in your case) will help.

Domestic, How does your "new" strategy work in the current environment?

Can't resist the high premium today. sold rut mar 800/810 at 2.2.

Will the shape of the curve change? IOW with a drop of 1% of spx, will the vol curve be steeper? When atm(March) increases by 10%, will atm(April) increases by only 5%?

Are there any papers that model the change of the vol surface with a daily change of the spot? Suppose spx increases by 10 points, how will atm(t) and the vol slope(t) change? Don't need to have exact values. Just want to get a rough idea.

Can we just hedge the drop by buying VIX future?

Funny thing about margin in TOS account. I sold some RUT call this morning, and I got more buying power. :D I'll wait and see if RUT can hold above 800 level before I add more put spreads.

good time to sell premium.

If you have more than 5 accounts and if you are not going to market your funds, you can set up a limited partnership with all the account holders with the operating agreement that you take 20% of the company profit before the remaining profit going to the limited partners. This is similar...

start a Limited Partnership or hedge fund.

One simple way is to trade future and register yourself as CTA.

That is correct.