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Ok I have been perusing the book and it seems like the tos option analyzer tool will accomplish most of what is being talked about. For EOD profits and losses you can use a simple spreadsheet. Option Volatility & Pricing on page #504 he is speaking about selling strangles/selling kurtosis. The...

Well I haven't seen his Lambo yet. Besides anybody who knows Lambos knows the V10 of the pre-LP is a beast. ;)

Hey question about rolling a protective put...doesn't matter when itm/otm etc because its the same cost basis? Its like selling a home to buy a home...doesn't matter what the market is doing. Or should I roll into a spread? I think the money I save/gain is less than what I will lose on the other...

Yes it was closing stats so basically go out 45 days minimum?

Yes lol, a 2008 Spyder

Vols trading isn't like some secret options language. It's fairly easy to get the concept but I don't see the profits honestly. I don't care about slow and steady as far as profits...I want to wait in the weeds and then strike big. I don't ever get pushed out of positions...will avg down or...

Um I do lol. I bought a Gallardo.

What are you talking about? They are statistically measurable using fibs. Everything is embodied into ew...chart patterns, order blocks, candlesticks, price action, vols, Wyckoff, etc so if you aren't familiar with it or just using one part of the picture to trade then that's all you have...a...

No, a protracted 3rd Wave is not an anomaly. You should look into EW as it has served me well. It's nice to be able to road map the chart so you don't get pushed out of positions rather you just accumulate more. Imagine having that edge with your vols trading...

I would assume they are using statistical analyses then by definition they are using EW, fractals, cyphers. I read that they basically look for anomaly's to exploit.

I'm not sure why you guys try to over complicate your trading. Here is my BTC outlook. I think short term we will continue to the ((5)) leg, and then we will return to the 26k order block at ((C)) on the correction before ripping up again so I can purchase my Lamborghini. :) Otherwise it will...

Let's see how my stone soup is coming along...;) IWM ATM IV 20.46% 1.73 25 delta call IV 22.20% @ .57 25 delta put IV @25.84% @ .61 So this is a reverse skew which is pretty normal for index funds. As I understand it puts are generally more expensive because since the crash in 1987 traders put...

I would think the point would be making the most profit possible with the time and money you have allocated. So your position is impacting the skew...kind of like punching yourself in the face?

The RSI talk was in response to convex/concave slope talk which I was letting the poster know that the RSI already has that built in if you know how to read it. Who chose a bear call spread over a bear put spread? I haven't taken any positions because they all looked terrible under analysis...

Well have fun trading blindly then. You stopped engaging because I was schooling you on options.

The screenshots were taken at expiration because I start there and work backwards.

I think you mean a synthetic long which is a call - put = stock

So what is the probability of Max gain? What do you typically make on this type of trade?