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Coming back hard!! Great to see you back in action. Did VZ not look expensive on your screen?

Pretty exciting move for CAT shorts today. Out of CAT 136 for 11.77 and the 115 put for .18. Total loss of $3.80 per contract on this one!

I'm in on the 52.5 P Cal for .98. BG has a .5 dividend in the march cycle as well. Zacks did update to Feb 21st today but it's still pretty cheap in my opinion. Taking a loss so far on CAT, straddle marked at 10.85. I am still holding. No trades from me today, will be away from the desk

AMAZING!!! I can finally leave the yahoo days behind me! And I will let you know if I get rate limited.

I apologize for the confusion in my question. I just needed access to a reliable option chain I could scrape to get the ATM strike. If you look at yahoo finance there is missing strikes and expirations for certain stocks. As an example Citigroup: Do you know what the limit is for downloads...

This is an at home project and will not be able to use the terminal. I use R with IB (I know i should really move to python for this) so my calls are limited to what is in the IBrokers package. Could you explain more about how you scrape from your quote monitor and what language you are using...

Thanks for the response but maybe I was not clear. I am simply looking for a website that provides an option chain (delayed is fine) where I can scrape the strike prices. And if anyone has an algorithm to choose the closest to the ATM strike. Right now my algorithm is find which strike has the...

Does anyone know of a good way to find the atm strike for a given expiration? Currently I download the option chain from yahoo finance for a given expiration and figure out which strike is the closest to the stock price. However Yahoo option data is really unreliable for weeklys. Even if you...

I am pretty sure that's not what he meant. C'mon dude. It's very reasonable to re-evaluate if what you expected to happen does not.

From google images LOL. But this is what the option chain really looks like!

If you look at a less liquid stock, IV does not look so methodical anymore (remember the greeks and IV all depend on the price, if the prices are all over the place, your greeks + iv on the option chain will look weird). For very liquid stocks, the greeks and IV will usually look good. This is...

Hey buddy, how are you feeling? It's a custom excel sheet that I made on Bloombergs Launchpad. The report is outside the Feb month (reporting Feb 21st) but Feb is still pricing in the move. We should see something like you mentioned 25 Feb/ 30 March. So sell Feb by March?

Hey guys there is a really good relative value play on Monday. Zacks has not updated the earnings date for BG. Its actually confirmed 02/21 before market! Zacks still has it as estimated 02/13. Implied vol for Feb is 33% and implied vol for march is 30% (no earnings move priced in). The...

Filled $7.82 short 136 straddle. Long the 115/160 wings for .09 On my screen GOOGL is implying a 4.3% move which is inline over the past 4 quarters. How did you go about finding the trade? Do you have a screener running for the top 50 stocks looking for these? The trades already up a buck!

This is already flashing 16! Do you have a certain exit criteria? I have not updated on my straddles going into earnings (don't think i will post them any more because of delta hedges). But I took a few losses and a few gains. With BERY and RJF being my worst and UNP and SYK being my largest...

Expected move calculation was never intended to be an edge. Its derived from implied volatility. You use it to see what the market is thinking. Then you make an assumption if that is cheap or expensive. Just like implied vs realized vol. I am not to sure if rearranging formulas give you an...

Why is that? It's a very nice way to compare event volatility. It is also nice to work with when comparing dollar moves rather than percent moves. Maybe you have not used it correctly?

Closed INTC for avg of 4.00 Closed WDC for avg of 3.00 Big day for me. Looking for some more trades

Definitely not a dumb question! There is no perfect answer, in fact most implied move models I have come across are horrible! I do not have time right now to go into detail or know if I should post it. But you calculate implied move by subtracting non event volatility from the total volatility...

Implied move / sqrt(2/pi) gives you a standard deviation of 5.6% The chances of a 7% move ($3.6/50) assuming a normal distrobution is 11%.