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I just finished my trial to Option Samurai and signed up..I was using MC,but in this low environment,I needed a program that could scan for calendars/diagnols..OS is a pure scanner, and their are a ton of metrics to help filter..

What do you like about it?

Doubt they mad money,their goal was to unload the stock at a level which didnt blow thru the collateral posted.. Nice guys tat they are,they stuck it to their hedge fund clients,soliciting bids ,not telling them there was a shitload of stock that had to be blown out.One of the few times you...

I was still operating under the 1/2023 leap position... That has a vega of somewhere around 7 bucks.. I only have data for the 1 year 95 delta call,and that has traded as low as 21 vol over the last 5 years.It also got up to 66.. My advice to you is if you are going to trade,have some sort of...

Main issue is it appears OP has no idea where the 1/23 .85 delta Vol has traded..Hes flying blind.Not sure he knows the Vega on it...Not an insult,but if he doesnt know that,how can he begin to quantify his bet/risk/reward??

You can rinse and repeat,but the 4/30 2400 call is high due to earnings.. Dont expect to get that vol post earnings

Walk Forward Analysis..

And how does the WFA look on the "optimized/ curvefitted" stop??

When I say pure fly,i mean it's not a broken wing,and the risk is the debit.. Doest matter if it 1×2×1,1×3×2 or 1x4x3,etc...as long as the OTM wing/s limit risk to the debit as opposed to being short embedded verts,I call it a pure fly.. The 450-650-750 1x3x2 breaks down to a 200 point...

Willam Oneil,How to make Money in Stocks and How to make Money in stocks;Getting started.. Follow it with Mark Minervini Trade like a Stock Market Wizard

Dont confuse optimal wealth level with optimal humility level

Thanks Bro..Guys are looking at that trade in awe,not realising that unless you left the country,that was one gnarly little fly :)

The 450/650/750 is a pure fly that was delta long..The fact that he chose 1x3x2 has very little to do with seeing risk to the downside..IMHO,he offset the position with some sort of short delta or blew out of it...Hes too good a trader to ride that shit down to 460...

The NVDA fly was delta long...You really think you would have sat there and watch the stock trade down from 600 to 460 without doing anything? Pure spec,but I am pretty dam sure Des either had some short stock against it,delta hedged or blew out of it...An 86 dollar debit isnt a tear up that...

If Im a 3-10 ranked heavyweight in the UFC,im looking for a new job with Team Zuck...

Keep in mind that he had the fly on with the stock at 600 and it sold off to 460 and then exploded up tp 645...Not speaking for Des,but with an 86 debit,I seriously doubt he just sat there without making some gnarly adjustments along the way.That was no walk in the park

Unless you are a value type investor and are willing,able and ready to own stock, I don't see the edge in selling shorter dated puts vs buying the stock... With that said,It's not the devils work as some would have you believe.

I am taking a step back and not doing much...Doing some split strike flys in the Indicies/Large cap and some diagnols in a couple of equities...Probably trade some earnings "time" spreads with a directional bias

From what I can tell you really dont know how rich/cheap 1/2023 vol is trading,and you have know idea what the time skew looks like...you are taking on blind vega risk look before you "leap",no pun intended :)

you are buying a 20 dollar+plus long dated call,and trying to finance it with 20 cent short dated verticals that will do nothing but take away your upside..for 20 cents