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Yeah, come to think of it, I would guess I know at least 70% of what they probably teach. Now I may not follow the same lingo. I might have an intuitive understanding of it in other ways but I'm sure any average intelligent person would know at least 70% of it without paying. Now, I'll...

This thread reminds me of this famous scene: <iframe width="420" height="315" src="http://www.youtube.com/embed/LqeC3BPYTmE" frameborder="0" allowfullscreen></iframe> IVTrader, "respectfully", I think you've got your ass handed to you by the above two gents. Isn't this the community...

I wouldn't randomly go out and sell premium without asking "why am I doing this?" Sure, the answer you give yourself may be wrong but you'll be surprised at how difficult it might be to even come up with an answer that fairly thorough. When IV is high and you can estimate that it'll revert...

Falcon, you really need to read some GOOD books on options rather than just read what atticus is saying. At least some elementary ones just so you understand the basic greeks- delta, gamma, theta and vega. When atticus said vega peaks at the strike price, did you understand what he meant...

JUST MADE ME LOL...

Well if you have a strong directional bias, don't cap your profits with a spread- especially if you're trading a couple months out. If it is this month, I'd spread it in that case- if it's at 52 weeks high and you believe on some kind of resistance developing, I'd even dare to fly it hoping...

Oh so you did mean what the implied $ move will be. Gotcha. And as for the LEAPS outperforming the front month, I looked at the results in TOS thinkback. I sold the straddles for the front and the LEAP a day before the earnings and looked at the performance. Mind you, TOS's lookback...

so when you said where volatility will settle after earnings, did you mean implied or realized? Because future expected realized is quite easy... As for the risk premium isn't that simply IV-RV? Then current realized + risk premium would simply give us the implied vol ... boy am I lost...

The only way I currently know of doing that is looking at the implied move and calculating the realized vol based on such a move as an estimate for where IV will fall to Am I right in doing that? Atticus previously said (in the case of a butterfly vs a straddle) that he'd trade less...

Agree with the sirens comment. Haha!!! I draw these risk graphs in tos and drop the implied vol to simulate an after event drop and kaboom the profits seem juicy. Then when i paper trade the results Suck donkey balls. Just don't get it. You'd expect the long dated options to not fall as...

What if only the front month vol is elevated with the back month skews (including leaps ) not elevated? I find that most often to be the case unless I haven't been paying much attention.... I also went back and saw how the straddled traded in aapl, pcln and other recent trades and they...

Gotta say Atticus you're a Freakin joy to read. I have a pdf of the 1994 edition of natnebergs book. I would post it here not sure if the mods will allow it...

HAHAHAHAHAH!!! :D What's a bad site? Porn sites? Dude, that's part of growing up. You'll get over it. You're learning to play with money before learning to play with yourself ? Good devil! I'm not suggesting you go watch porn- it's your life so do as you please, but I think at 15, lifting...

I've read one of his books- volatility trading. Kinda cool that he is active in these forums also. Atticus, question for you: Would you rather sell a straddle or buy a butterfly during high volatility going into a binary event (say an earnings or a FDA approval for instance?). I really...

Which brokers provide such contracts to trade? Seem quite interesting. I know CBOE a while said they'll be issuing Credit Event Binaries. I wouldn't trade them, but it'd be nice to see how they're priced and all that. Does IB have any of those exotics? or are they all OTC?

Lol, I'm not a pro but thanks. I wouldn't use the web based version. Use the desktop one. As for March yeah it's bid and for april it's ask. But thats if you're doing it month by month. If you choose the calendar spread selection, TOS will automatically determine that you're about to do a...

What Don is saying Falcon is that you first sell the Puts (or if you already own the stock that's probably fine too). If the puts get exercised you get a good quality stock at a lower price (because your short puts will only be exercised if the stock falls). So you collect that premium and...

Lol! Ryan did mention buying those calls. Not sure how he adjusted.

Not new news but this headline is my favourite! Don't get TVIX'ed http://finance.yahoo.com/blogs/breakout/warning-investors-don-t-tvix-ed-says-macke-162642044.html Whoever traded this, you got TVIXed bro!!!!

A bloomberg app? Is it for subscribers of the terminal or just a generic one?