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Erm, thanks for kind words: Volatilitypimp, Donna and Rdemyan (research is all I'm good for!) Visits to ET are sporadic and fleeting. RE: VIX Options Apologies if this has been covered already or this horse was considered dead as I cannot pretend to keep up to speed with the frenetic...

Might want to start here: http://www.allbusiness.com/periodicals/article/165803-1.html Sure there are more up to date references.

Or, a link at the bottom of all posts in a pseudo-signature e.g. Current Positions: here (opens in new window) Favorite JA Pic: here (opens in new window) ...but what do you expect for free? :)

LOL, it's an understatement to say that I'm flattered you put me in the same company as "Big Brains" Riskarb and "Haircut" Maverick as well as the others...especially since those guys have decades of experience and I have been at it for less time than you and Donna LOL. Anyway, I agree with...

There is a tradeoff between how long before expiration you put the fly on and the maximum reward you are likely to get from the fly. If you put a fly on just before expiration, the risk/reward is not as good as if you had put it on with several weeks to go. Yes, commission can be an issue...

My crystal ball says: SPX 1321.84 is probable in next two weeks. Jan high of 1295 will be broken. So too, 1300 in same breath. After that, euphoria will take us higher before profit taking bonanza/bad news takes us to a March SET of 1279.34 LOL. There, it's in print...but my crystal ball cost...

Doh! Should have listed tickers for those that weren't interested in the extra data in the download. Slim pickings here today: PTR - Petrochina Co - Lot of news recently for this. Earnings due 16-Mar-06-26-Mar-06. So timing off for a March straddle IMO. GRMN - Garmin - In possible...

As a reminder, here is a brief overview of the screening parameters I am using: Implied Volatility/Historical Volatility ratio > 1.15 IV index compared to past year > 0.8 i.e. in 80th percentile or above. Stock Price > 60 Open Interest > 500 So fairly straight forward. Using stock...

I'm not Phil or Riskarb so make of this what you will: The Spread Scanner from IVolatility.com is $29.95/month and lets you scan for various 2 legged strategies based on EOD data. The USP is the inclusion of their proprietary IV index methodology. Whether you think paying a premium to have...

I closed it Tuesday morning session for about 100% return on risk when XEO was around 575. I'm not greedy! That was about as good a situation you can get with a 4 week fly. The probabilities of a fly ever reaching maximum value are miniscule so in a sense the risk/reward is a little...

Not sure there's much to add without stating the obvious. My take on it: If you're a trader that trades based on expiration risk profiles, IV fluctuations and activity in the interim is virtually irrelevant for you. It has no bearing on the expiration result - you either win or you lose...

Being dated in writing style and format, which I asserted and is my personal opinion, certainly does not preclude it from being a good book or having excellent content, which it does IMO. The two are not mutually exclusive :confused: LOL

YW. RE: Natenburg. The writing style and format is just too dated for my taste - needs urgent updating! It is a chore and whilst I believe anything worth having requires effort, the text could be made a lot more accessible IMO. For this reason, only really skimmed through it once myself...

Hellomarket, Yes, reading Natenburg is recommended in any case. I've only read McMillan on Options (first edition) and the perspective on option trading is somewhat different to what is covered in Natenburg. The key is understanding how each of the greeks change with respect to time and price...

Which parts are you having trouble with? Perhaps I can assist. The strategy has been explained in different styles several times since the start of the journal and in reality just about everything was covered on the very first page. I encourage you to read from the beginning if you haven't done...

Doh! Sorry Donna, forgot to keep this thread on the radar. Will pay closer attention, though the time frame for calendar trading is a bit outside of my comfort zone. Occasionally do the odd (double) diagonal. :eek: indeed. LOL. To borrow a line from a little known movie: "The total...

Nice going on the Nikkei - how are you liking those penny increment options? RE: ES - Definitely ripe for a sharp move in some direction!

Will try and be brief :) XEO mostly. Occasionaly MNX or QQQQ but it's a lot harder to hold your nerve with those. Mainly I trade butterflies on individual issues where IV is higher than these indices as that makes the fly cheaper. For other ways of reducing the cost of flies, you might be...

No offence taken here! Prosperous trading.

You're right. Once again, I assumed that no one was paying attention. Point is, I have searched high and low and there are no other forums or threads that have decent regular content. Didn't get any suggestions last time so if you would like me to go, now's your chance to tell me where! As...