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that's an island top on SPX, let's see some real action like in February VIX at 50 please

forget that this is an options strategy -do the simple maths. Your reward is say 15,your risk 35( a 50 point wide spread). You win the first 4 trades but lose the next 2. Got it? R/R does not often work for ICs these days,and desperation will make you chase rubbish premiums

How the heck are you vega neutral? What is root time. I've been trading options since 1999 and never heard this before

For me about 5%, I trade 30-100 lots per month

please give a real world example-I have never ever had gamma get me out of jail with calendars

It's a short double diagonal, you are buying the front month. The margin tied up would be limited by the spreads, but assume your near month(Aug) longs go out worthless you have a big liability with the Dec strangle. this is a massive dickhead trade with serious liability- you are seliing the...

I'm a rubbish trader but made about 10% since Feb(my trading year starts then). 2017 sucked-no volatility and the 2 occasions I should have maxed out profits I was busy doing other stuff- like buying furniture. I'm not allowed to publish my website here, but to date 90 trades-one a week and...

I can afford to make those comments -it costs me nothing, but we each have to find our own way. For me the greatest help was Van Tharp's one comment- "We trade our beliefs about the market". I get angry when the market makes new highs on a pesonal level as we know the debt far outweighs any of...

most people don't understand the market except the few insiders so we just do what we can and take money off those ******** lovely fellows build our account and our knowledge base. 1-2% a month is possible with zero drawdowns -I never ever trade naked-though nudity is the default position in my...

I don't get bullish ever- I trade options, so don't care what those imbeciles get up to in their imaginiary p/e ratios and other hilarious fundamentals-BS lifts the market, truth smashes it to bits -I loved 2008

give a retail trader $4 trillion and you'd get the same return - a profit of $2billion. The banksters still owe trillions-they don't actually make money,they just suck it out of the rest of us

I've been trading options for 18 years and have no interest in the pro's manipulating or whatever- I outperform them anyway-especially in bear markets. I limit size so I cannot blow up but the 'pro's' can go totally postal on size as their bosses are too stupid to know- Iceland imprisoned the...

it's always something left field -the yield curve has been a predictor in the past, but nobody could even spell sub prime in the early 2000s . You cannot believe how stupid the institutions are, until you see their portfolios -Muppetry and debt.

Don't lose money! Or if you must, lose your clients' money

Debt is not a problem until it's a problem. Argentina was once the world's 2nd largest economy, and chief exporter of covfefe(sic)

buy options when vol is low, sell when it's high. The trick is knowing WHEN vol is low, or high. Don't trade naked,go for modest returns. Don't lose money

Mostly they are the ones with the big buildings though

the world just has more debt-if we lived our lives like governments run economies we'd be in prison for fraud. Truth creates bear markets, lies creat bull markets. We have been in recession since 2003 more or less if you absent the staggering debt mountains. Economists are not finance people and...

Many years ago I was offered modelling software that produces 3D graphs of Greeks, cannot find it now but you may find that someobedoy is offering such if you really want it. I never trade in isolation so the Greks for me are about relationships and trying to be delta/gamma neutral. However the...