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Ok,since I'm the dumbest guy in the room,I'll ask ... What is 2x1 vol??? "stress each tenor at neutrality basis the fwd using prevailing ATM vol at2x1. 3) model ratios and commitment (2x1 or 3x1 and stock allo)."

Am I the only one who doesn't know what SN is???

GS/SLK...... Old school... I like it

Meant to say Dan Zanger,not Can get

You also may blowup and say,hmmm,I should have been better prepared:) The harder you work the luckier you get

If you like Marks style,read Momentum Masters....its a Q and A hosted by Shwager ( market wizards) with Mark,David Ryan,Can get and Ritchie..

Which calendar/diag did you ask about or was it a general question?? The question. Is does spot/ 1 month vol stay super jacked.. Yes,flys can be bought cheaply (Short straddle,long wings)

Do yourself a favor And dont listen to anybody. Run a simulation (orats) on selling premium and use IV30 percentile rank or whatever continuous vol filter you choose.. You ask good questions,now get to work :)

If you are a long term holder and are happy to sell AAPL at 164,then you should be fine... With that said,you sold really really cheap 1 year vol..It off 20 handles from its high at 48% and at the very low end of the range(28%).. In terms of actual dollars,had you sold mid vol at 38,the option...

Very very high Delta

Very,very low delta

Yes,I could always roll or hedge and hopefully reduce my max loss..Vol is coming in,so I am slowly rolling my options to be long calendars as opposed to diagnols.. If the stock craters but vol stays high,I don't see much risk.obviously ,20 is my sweet spot. My guess is I am only risking .30...

Obviously no risk on the upside,I'll make the credit plus any residual value...Max risk is 82 cents on the downside...My thought are if they crush the stock,I'll be in the 2 week synthetic 20 call for .82 with vol hopefully still high..Have to believe the apes will bid the calls up

I am in the AMC 7/2 - 7/16. 20 -19 diag for a. 0.18 credit..Short the 20 strike puts for 7/2 and long the 7/16 19 strike.. The upside flys are dirt cheap,or at least they were..

When you get thru page 7 of Macmillian,let's talk... Until then, keep up the incoherent rants on structures you never traded because of commissions

FWIW,I ran a quick scan and for CLOV and the only Diag that came up was the 8/20 - 12/17,selling the 30 calls buying the 25 strike in Dec..trades around 1.50 Edit..found several more closer to ATM

Just to be on the same page,you are talking about selling June,buying Dec..ild probably look at July/Aug vs Dec,but for higher coverage.. For the Diag,are you thinking of selling the near term option at a higher or lower strike than the Dec call?? Im pretty big in AMC diags

Lol@ blocking Taowave..Is that a promise or the same threat?? What's with the commisions??? I'm guessing you are at IB. Check out TOS.... Keep in mind there are no victims,only volunteers..You opted to chime in on a thread titled "To Destriero'..You knew you had to bring your A game.....

You just figured out that spreads have limited upside and downside?? Flys are Expensive.?? Relative to what?? Numnuts,this thread is directed toward Des,and if you read one thread of his with an open mind you would have a clue to why I brought up butterflys .. Far worse is you are way off on...

How can you say a fly with Delta is not directional?? You are a funny guy.. Break down a fly and you will understand why I brought up verticals..How is a fly different than a split strike fly?? What does a condor break down to?? Just out of curiousity,what do yo trade??