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So what's the risk reward?

LOL I bet BNF wouldn't understand what you are talking about either. Transalation: You are trading arbitrage using a box spread in an index fund. Do you even cover your fees? BNF kept it simple and made millions.

I know you aren't talking about the price of the stock! Gamma will tell you how much the delta will change with an x move of the underlying. Delta will tell you the price of the option will change for x move in the underlying. Now lets talk about volatility skew...are you familiar with the concept?

Ok lets look at buying an Aug2 staddle on IWM. The premiums would put your break evens at 189.17/198.84. Good luck with that. So clearly this trade need tweaking. Ok lets try adding a spreads (reverse iron condor). Yuck! Lets look at the individual spreads. Great reduced the break evens...

The RSI does your concave/convex slope calculations for you...that's all I was pointing out. Anyway I think what you are trying so say is this: https://cmtassociation.org/kb/exploiting-volatility-to-achieve-a-trading-edge-market-neutraldelta-neutral/ Spoiler alert! The big secret to exploit...

The rsi is basically your concave/convex slope and deteriorating rate of change indicator among other indicators like rate of change. Divergence of the rsi widely used...and understood. I'm not saying I trade off it but will use it to confirm my directional bias along with other things of...

Yes they are looking at the probability of profit and confirming a change in the rate of change/slope using the rsi...all wordiness to look smart.

LOL

If you look to what I am responding to the poster asked if I was trading stock options where clearly I was talking about indexes.

What are you talking about? I said I use options in tandem with stocks positions. I also said trying to earn income from options or profit with some strategy that doesn't include the underlying is a fool errand...except for 0-3 DTE's with the correct risk management although still a grind so...

Still waiting for you to post a trade. Lets see all your expertise in action...I'm guessing you are probably one of these back testing traders who swears by his 1:3 risk reward, or whatever so you can be wrong 60% of the time and still make a profit. It's some new fangled thing that novice...

Gee thanks. As a retail trader you must be tired of getting rinsed. I'm assuming since you haven't posted a single trade yet.

I am currently holding stocks. ?

Who? Confidence? I have basically come to a forum that is supposed to be home to some of the most Elite traders and schooled them.

No. I want someone to give me an example where longer term options strategies can have a better risk reward than 0-3 DTEs.

If you read my first post I didn't take any position...just analyzed that with the numbers everything other than 0-3 DTE's (with RISK MANAGEMENT) is a fools errand. I have then gone on to back up my claim and am still waiting to be proven wrong by an example. I am a big proponent of using...

Uh late night comedy has suffered exactly ZERO for the strike...didn't even know there was a strike or that he was funny. Must be an American thing.

EW already has backtesting built in so no point.

I question how successful they can be as retail traders. Hedge funds can manipulate the market in the direction that is favorable to them by sheer volume not to mention all the tricks market makers can play. The only way to beat the market is to not be forced out of your position. Hedge funds...

I'm skeptical that anyone who writes a book, has a youtube channel or sells a course is successful trading because why would you bother? I have however purchased Natenberg as I agree you can always learn new things.