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Hello friends, Its 2020 and the markets are active. $VIX tapped 19.99. Its not 12 guys. Interesting. All of the other volatility index's have popped as well, oil vol is bid as well. I'm starting a journal to collet my thoughts, trades, ideas, and share knowledge and build a foundation with...

thanks for the reply Morse. Have you ever paid for the subscription for their paid services? Just curious because it looks like some good data

Supertrader? BLASPHEMOUS! Every human knows sellling premium leads to eventual DOOM AND GLOOM! How will you handle the DOOM Bobby! What a joke you are for thinking positive theta is a good thing! Theta is a second derivative, a calculus formula, nothing else! 2.4%? Heh, you might as well just...

The Vol premium as a function of VIX levels VIX < 20 Days: 3,102 Avg spread: 27.75% 20 < VIX < 30 Days: 1,925 Avg spread: 19.78% 30 < VIX < 40 Days: 407 Avg spread: 13.73% 40 < VIX < 50 Days: 111 Avg spread: 9.26% 50 < VIX Days: 56 Avg spread: -11.52%

Sinclair said something, "It seems sensible that spreads will be larger in situations where option sellers are more risk averse: They will demand more of a premium to compensate for their fear. It also seems sensible that spreads will widen with higher moments: All options are exposed to all...

I'm in that thread yes and I speak with Squeeze about these topics. He's the one who introduced me to dark pools and gamma risk.

This is what I'm talking about. Don't get me wrong, I learn a fuck ton from studying Mav74, but the way he came at you and your response was just classic shit. Hopefully Man comes back around and checks on Mr. Roberts journal. So what's new Bobby? Any new positions? Have you tried trading...

Dude, it was very informative and more importantly fucking HILARIOUS. When Mav74 came at you about his post count and how you replied, I almost cried. lmao Lets hope this journal prospers as well. Hopefully a bunch of synthetic short vol haters pop up and throw pop shots @ the God

Thanks for the comment. Well I do look at the vol statistics of the underlying at hand. I do measure IVR, IV, IV%tile, HV, ATR, BBWidth, and learning the ACD method now. But as far as trading term structure (calendars/diagonals) and even vol-strips I haven't done. Or like you said, maybe just...

To elucidate: VRP captures the difference between the near IV and realized IV (theta/gamma) TRP captures the difference between far IV and near IV (vol-rolldown) Answer as if they are equally easy to "harvest" Which do you prefer?

If you had to choose which short vol premium to collect, which would you choose: Variance Risk Premium or Term Risk Premium

Dude, where was TSLA when you placed this trade? TSLA boomed exactly to 650 early in the day.

For some reason I thought 132 call and 231 put fly's only referred to call/put fly's and not the iron. Didn't know you could also trade this set up with iron fly's.

And this is what I need to work on. When I trade a fly, its purely based off where I believe spot will be at X time. I don't know how to trade fly's based off volatility, yet. I see Dest, TBS, sle, coach, bone, noregrets, and others trade fly's purely off vol, and its very intriguing and...

"For equity fly's, the put often is either overpriced or underpriced. Your iron butterfly contains a "normal" skew, and you need to know what that is. When the put trades over a 6% discount in IV terms, this is a favorable time to enter an iron fly. If it trades at a 10% discount to IV, this...

im trying to think who this may be lol

shorting the straddle then long the strangle. so you’re talking about iron fly? also coach, I did some digging and found a butterfly journal by you, sadly it was only a few pages but started off strong.

I wouldn’t say the Gospel of Thomas is the word of God because it’s not canonized

@Doobs789 When trading fly's, is it more of a directional bet price wise or is it a bet on implied volatility? Or neither? Or both?

@noregrets in regards to irons vs vanilla fly ”it all depends on my outlook for the underlying. When I expect the underlying to stay relatively stationary and/or for IV to drop, I may put on a regular butterfly that is ATM or close to ATM. I will often choose the iron over the call or put fly...