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The only difference between the two is that vertical spreads are hedged positions; one leg hedges the other. As a result, all of the sensitivities (greeks) of the position are muted compared to a comparable single put or call. This might translate to a smoother running PnL for example...

Something vaguely in between the two, I have one of these: http://www.clubimate.com/t-DETAILS_JASJAR.aspx Does the job for me. I use thinkorswim's thinkAnywhere software wich is a java PDA app rather than WAP. Charting is supposed to be coming soon too which is only really possible...

This is a reflection of the instantaneous delta risk the market maker takes on whilst taking the other side of your trade before completing their conversion/reversal etc. In other words, the larger the delta of the option the wider the spread is likely to be. MoMoney.

I believe the OP was after web-based analysis tools. Without that requirement, I would recommend tos desktop software for options analysis too. MoMoney.

If the intention is to end up in a spread as distinct from building a position over time then in general I agree with the initial responder. If you are good enough to time the direction to leg in to a less than fair value spread then there may be better ways of leveraging your skills. If...

Duplicate thread, other one here

Not necessarily the best but try this one From www.888options.com There is a veritable cornucopia of calculators to choose from elsewhere. MoMoney.

Add to the online backup list: www.mozy.com MoMoney

Chocolate teaspoons are not neccessarily that negative LOL. I have no proof of anything. It's largely speculation coupled with some exaggeration for effect :) My cursory analysis suggests that a spike in spot VIX to 30 will not neccesarily be reflected by a spike in forward VIX (upon which...

In case the wording in my last VIX post was a little too subtle, I'll attempt to be clearer here. From the specification it appears that VIX options for hedging a black swan event are about as useful as: A chocolate teaspoon. A solar-powered telescope. A screen door on a submarine...

If you click on the "print" button at the top of the thread which looks like this: OR substitute showthread.php with printthread.php in your Browser URL and it should display the entire contents of the thread on one page in a printable form i.e. text only. e.g. this thread is...

An antagonistic man (clearly not me :)) might comment thus: ...where we might go...past price action...will I be correct? Who knows... Sounds reliable enough to bet on then! ...certainly gives you a small edge...an additional layer of protection Certainly huh? Would you concede that...

Uh oh, the last time a suggestion of doing a contra journal was raised, it didn't go too well :D Coincidentally (or not) it was about the same time that Maverick asked that special question LOL: http://www.elitetrader.com/vb/showthread.php?s=&postid=870792#post870792

Short answer: I doubt I have any value-add on this topic but..... Progressively tighter markets with the possible consequence of greater brittleness? Pure conjecture! Your guess is as good as mine.

LMAO...I'm nearly crying.

Just curious on why you seem convinced of people's lack of understanding and more interestingly why it irks you so LOL. Never fear, your long diatribe on this topic is well replicated on many other threads for those that are interested! (including this thread some 7 months ago). For those...

Hmmmmm....left an order in for 1.30 [1345/1355] with obviously zero expectation of a fill....but it appears it has been filled thanks to the crazy-farm rally in my absence. I don't even trade the SPX; hate the thing! Was just doing it to wind up Donna :D I'm sure I will get taught a nice...

NP. Yes, depending on context, d=days or d=delta.

I was going to say Calculon can't be Riskarb as there is a conspicuous lack of brackets[] littered in his/her posts as was Riskarb's trademark. However, he may have given himself away in the last post...:)

Nick, A simplistic answer: think vertical strips. Each strip representing the volatility of an option series (single strike with a same expiration) For example, on your ToS platform, when you look at volatility analysis, you have option series plotted along the x axis e.g...