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your 100:30 which ones are you long? Why do you have this strange ratio of 30:28 puts and which ones are you long/shr?

ok.. My first suggestion is throttle down your size if you are still in the options 101 stage of learning. 2nd OHLC just means being able to visualize straddles in an open,hi ,lo,close time series much like a typical stock chart. 3rd. Ratios usually mean Long 10 Jan 15 calls/Short 20 Jan 20...

I have questions about your post... MRO is marathon oil? What is 17th straddle? What do you mean when you say break it down into call then put when they are both at profit.. I assume you mean get rid of the long straddle by legging out of them by selling the call on upmove then selling put on...

There are ways to chart VEGA. It takes some commitment and programming but if this is your jam, wellworth it. It is inherently doable. Read pieces by Jeff Augen then PM me. Step 1 is in creating a straddle where the underlying is "held constant" then the rest is pretty much falls in line after...

Jaared. don't depend on a service ... yet. Be familiar with Options 101, 102 terms, spreads etc. Google books by Larry Mcmillan, Sheldon Natenburg and free literature from options industry Council. After that, try some programming skills to create your own toolset for analyzing what-ifs , then...

Yes but rolling out further means that a loss is locked in, so every rollover means the entire position sits lower and lower in the pnl graph. When I saw her interview on TTrade, I am like. she has no idea about higher order greeks that creep up on big positions during market upheavals. I think...

yep. asymetrical distance of the strikes would do it.. although the skew shifting would mitigate some ..together with vol shift as ticker goes down.

why bleed $ though? a collar is theta neutral since he is short call?

That edge of layering entries and exits specially in options is quantifiable in a proper backtest. Case in point, there was a guy here about 10years ago- options guru with vocab way above mine in terms of options-dgamma,dvega, etc. My head hurts reading his posts. He "works" the fly .. I believe...

that supertrader kept selling more puts AND bringing the strikes closer since the shrinking IV meant less and less premiums. Any option selling strategy works out most of the time until it does not and since the win % is pretty high, traders get greedy and size up so when they get pinched , it...

The reason some people buy otm wings is so they can have ammo to sell into strength.ie build a condor or turn a backspread into 2 verticals where the pnl graph is all " above the line " regardless of where XYZ ends up 0 DTE.. Willing to take on some vega risk in return 4 curvature for a bigger...

Very well said ironchef. That mantra of " 90% of options expire worthless" is so .. worthless.. Let's dissect this for a minute. At the last 1 minute before expiration, there are options on either side of moneyness. The deeps,ats and outs. In order for that 90% figure to be true, most calls...

Lastly, here is a link to the book. He made tons of $$$ and used it to buy land in LatAM to preserve wildlife,etc. Sadly, John Bender was killed (by his wife?) in Costa Rica years ago. http://www.uamconsult.com/book_606_chapter_15_JOHN_BENDER_-_Questioning_theObvious.html

One of the best option books you can get AFTER familiarizing yourself with Options 101 books from Natenburg, Cottle and McMillan is John Bender's interview on Market Wizards. His take on profitable options trading is using technical analysis ON THE TICKER to figure out it's probability...

There are a couple of systems in this space that enable you to create your own customized index and use it as a filter in addition to the native tickers filter. For example, if you are trading forex and you want to create a "MyFXIndex" comprised of (EURusd+EURJPY+someexoticpair)/3. Once created...

I would NEVER use ref function using positive values. Be VERY careful when you use the Ref function to look ahead. Very dangeorus when it comes to backtesting for you are peeking into the future. Why would you want to do that? Why not use Ref(x,-1) to look back using some form of conditional to...

Johnny4- the profit you got out of the long stock was happenstance- had nothing to do with options trading. I would reinforce what other posters here have said. Do not put on anything deep ITM because of assignment risk not to mention fees that multi leg spreads generate. most edges in option...

Yes. A collar is a long OTM put financed by a sale of an OTM call coupled with long ticker. As an example , Long QQQ at $130, with a long 125put and a short 135call is the "collar". Synthetically, the long ticker/long put is a long call on the 125 line , combined with the short 135 call makes...

There are lots of options strategies that work well under various market regimes not just put selling. I listened to a "small" fund manager ($50M AUM) marveling the crowd over drinks in Greenwich CT (Hedge fund country) last week with his 20% return.. which is pretty good .. until he sells...

I did catch her 2nd interview when she mentioned in passing that a certian year is difficult so she had to move the strikes in which means the probability of touch on short strikes are even higher that what she was used to. It was a really tough watch for me since it went against all of what I...