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Buy the cheap put now ?

#6 ET posters

I just closed half of my straddle today to lock in some profits and buy some extra puts as lottery ticket, - market may reverse tomorrow after Mr Bubble Ben's speech. Anyone buy some cheap straddle in SPX, RUT, NDX and etc since this post was opened weeks ago ? Any comment or opinion on what...

+ I recalled in 2008 there is a time where the intrinsic value of the VIX is actually negative, e.g. VIX >40, but the intrinsic is only ~35 ..

$100 ? About the same amount of commission that I paid my broker this morning :p

you are talking about big big gap, it won't happen that frequent. It is more like buyinh lottery ticket, you loss money each time (theta decay in long straddle ) and you hope one day you will hit your lottery ticket with big gap

I try to do it before (in real money account), it is not working in real world. In practical you don't know it will gap up or gap down, so the only way is to straddle it, but one leg up will cancel the other one that go down. Always, options get a bit expensive before market close and this...

My screen just show VIX is nearly 40 now ? Dow tank by 500 and i see the littlebicycle is making a million now :D

This is based on the assumption that the company that you joined won't go bankrupt after 30 years, which I doubt especially in the civil/construction industry in Ireland or US :D

The shit (but realistic) earnings next week should move the market - IMO. IV is cheap now,I suggest straddle the SPX, RUT or NDX .. Open discussion to all :p

I try them back several years ago, it is not a bad one, cheap and reasonable subscriptions. The only drawback i knew is that sometime the filled that proposed by them is too good to be true, for example, they may claim that one of their SPY IC can be sold at $1.20, but I find I can only get...

So What ? It hit my stop loss in the noon and I just close the position. :D

Thanks .. Finally the market will up again :D Long the market now. :D

How do you know the trade setup for emg ? You are his broker ?

Different people have different character. Most "successful trader" will pocket some money in the safe if they make several millions, but this also imply most "successful trader" will not take excessive risk to make them become a legend and exceed other "successful trader". The concept behind...

Look at my post in this thread, the time when I called to long the market(verified with the time stamp of my post), this is live winning trade and not one of thoese "after event" call You will become more profitable if you stop wasting your time to look at those BS Bear call indicator but...

I am too dump to understand you-LOL Wrong, there are always easy way is to "break" your strategy into different brokers(ideally under different account holders if possible). Let say after applying your super crystal ball, you know that an iron condor with wing will make you ton of money, and...

This reply explain why you are neither rich nor CEO

You get confused about the edge from small traders and IP from institutions.