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Sorry to respond so late,but I like a bit less initial risk on these type of long crazy high vol..I thought paying 3 was too directional in nature ..2 point width,I generally pay less than 2 On these meme stocks,I dont want to suck wind on a vol crush. Don't like to hedge insane 6 month vol...

Trading cheap options at IB is hazardous to your health.. For one,you shoukdnt be paying more than .50,and at TOS if you buy shorts in at .05 or less,its free... I left IB as I trade a ton of 4 and 5 legged beasts

Hmmm...I left IB 2 years ago and switched to TOS,so I am guessing 729 days ago :) It's been there for a while

FWIW,TOS gets me the best fills for options..Dont trade enough stock to offer any insight..

fwiw,you can backtet analyst upgrades downgrades on Portfolio123.. TipRanks is interesting,but they are selling a service

Whats interesting is "everyone" is buying calander type spreads at super jacked vols,assuming/hoping they can keep on rolling the shorts at crazy high vol... Never thought I would be buying calanders at with the long wing trading over 250 vol

Too lazy to go thru the thread,but it appears that Magic bought the Apr 16 20 puts and sold the 3/5 25 for a .70 credit?? Thats a pretty bullish trade,sweet spot at 25 on expiry If he let it go to expiry on the 5th,stock closed at 23.95,,Short put =1.05...Vol was super pumped in early March, IV...

Jumping in way late,but I sincerely doubt selling a .10 call reduces margin..No way

Interesting spread.perhaps a bit too much vega at very high levels... Looks basically unchanged... I would like to be in the 2 point Diag spread for less than 2...

Not basic at all...You(I) can look at the diag we are discussing as a combination of a calander and short vertical spread..We know the reason we are looking at calanders,despite vol being high..So you are really asking why be short the vertical as well...I traded AMC 2 week diags going short...

I'm guessing you Delta hedged the risk reversal with stock on day one???

Seems almost guaranteed of geting knocked out for a 9.99 percent max return

Am I correct that this structure trades dirt cheap??

Hi Z, FWIW,they hit vol so hard,I am going to roll my diags into calanders.(buy the short verticals)

Yes,it was a slightly OTM option.I was only saying that an increase in vol does not increase the Delta for ITM... Think of a garbage put becoming ITM..the only chance is a massive spike in vol..The prob of touch/Delta would increase,while the corresponding ITM call Delta would obviously have...

If you go to the option chain, and load the Theo Price,Mark layout,you can make Vol/price/date adjustments

Not on an ITM call.. If it's easier,does the likelihood of an OTM option being touched increase or decrease with a spike in Vol

Lol.... Without bouncing off the ground back to the top branch

What's the HV of the stock?? Present a historical price return distribution of the stock,and pray the past is an indicator of the future Or simply hire a quant well versed in Tradex-physics

Judging by the responces in this thread,Good luck finding an offer