Search results

9/11 hit,everything fell 50-80 percent and you were down 1 percent?? Hence,you couldnt sleep and went into Day trading??

You should pack it in..A 4 to 1 Like to Post ratio is unheard of :) Im in a similar position to you,except I am a voluntarily retired derivative guy who got back into it out of sheer boredom.. Biggest challenge going foward is to morph into a position trader and cut down on screen time so I...

If you think the short side could get assigned to capture the dividend,you should exercise your long call..Look at the corresponding puts

You have a kid??

You should be able to look at a screen with no greeks and instantly be able to find a strike/option that is slightly mispriced relative to others. Often,it may take a wide bid ask and you offer/trade above mid,leaning against another offer...Not to be evasive,but its maret making 101...Its not...

I trade with portfolio margin so my first step is to see where my margin requirement explodes,and assume vol goes against me....I hope for sticky delta,but it seems like I never get what I ask for :) I only trade that stuff when skew goes bonkers,and IV percentile is 95 plus..lately,I have been...

Do Index Funds have the "ability" to spec on a stock that will be added?? Seems like that may be outside their scope/mandate

baby steps....polar bears and grizzlies can have babies

feel free to ask about anything you are not sure of

Draftking is up 475 percent YTD. Ask yourself this.. Are you more likely to get your gonads ripped off by the stock going higher or lower?? Thats skew in a nutshell,no pun intended

Thanks buddy...that sounds about right..had apx 1000 calendars/verts and was hit with 50k in margin

When TSLA vol blows up,I find the Robin Hood boys and girls savagely overpay for the wings..I was in the 1/15. 950/1200. 1x3 call spread for a 2 dollar credit.. Thats the trade I was referring to when I said I was short upside skew...Its not a sexy trade,but it typically flips 4 bucks the other...

Im going to check later.I was trading MSFT a while back and putting on OTM verticals and calendars for credits.I was hit with a surprisingly high margin and told there was some minimum charge despite no risk..

Are you sure 30 contracts only ties up $3000?? I thought the minimum charge is higher Reg T or Portfolio Margin??

As an ex floor trader and derivative desk "guy",I can assure you that you will get that "6 th sense" that market makers develop if you stick with it ...you are way ahead of the curve I do not make a big deal out of 1x3x2 vs 2x3x1 or any equivalent structure.What I do rely on is my ability to...

Not to be a D-head,but OTM flys usually get more expensive with higher vol..

It sounds like you are looking at ITM options vs OTM..As an example,the pricing of deep ITM calls will change significantly 1 strike up or down,while the corresponding put won't.. It's called Delta.. 95 Delta call vs 5 Delta put Give an example to confirm, read a primer/book on options and...

Chef ,let's get back on topic and see some of the flys or,how,you perceive edge..Im looking at TSLA, 12/24. Iron Fly 520-610-700 for 67 bucks.. Was short the upside skew...

No idea if he was is legit or not,but I do know he offered some incredibly value insight into option trading.. Gun to my head,I would say he is a very very successful trader.. Unless you have been trading for a while,I don't think you will truly understand what makes him as good he is..Its not...

I think/know you are 100 percent wrong...as far as trading.. None the less,impressive insight for a guy with 37 posts:)