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Any cup and handle anyone sees these days is guaranteed 50% PB (likely 61) to kill all the early entries. Old book knowledge simply no longer applies. Sure sometimes a classic pattern plays out but the vast majority of time it doesn't. There's multiple phases of early entries getting stopped out...

Oh, well I missed this post - so what is your plan for that scenario?

Okay, so what are you going to do under a black swan event then when those options turn into 5-10x losers vs what you originally envisioned? If the answer is "keep my size reasonable so that under 'worst case' scenarios" it wouldn't wipe out more than 5% of my account" then wrong answer...

That's a synthetic inter-spread with exchange margin relief and is exceptional rather than the norm. The actual spreads most people care about are not those, but INTRA-spreads like calendars, flies, condors, etc. There's no way CQG, TT, etc combine the initial margin of both contracts and then...

There's basically been maybe 1-2 people in this whole thread who have even broached the cost of time. If you can make the same or slightly less returns swing trading with less TIME spent doing it, then I'd say it's superior. If you're a market junky and you need action, then you're not really...

A GTC order on highly convexity exposed options is NOT managing risk. One gap down on any kind of black swan/war declaration/natural disaster/etc. and you're dead, completely dead. I guess you're just going to have to learn that the hard way here.

How is this reducing gamma on a trade where you're already short gamma from selling puts?

Why would they even delete it anyway?

Go look at a multiday chart of VX jul-aug or jul-sep. vol got absolutely crushed during the last ramp up. This is a totally legit move and it's due to a combination of real vol and unwinding of crowded short vol positions. I don't see that as manipulation at all honestly.

You sound like you're on the wrong side of a trade honestly.

Everything boils down to: do you expect vol to increase or decrease and how is the market currently pricing that. Go from there.

So basically you're just doing a typical Tastytrade strategy.

You want function not form. If you're more interested in the appearance of your trading platform rather than how capable it is you're already screwed.

Again, your example is unrealistically optimistic and assumes a great run (and completely ignores risk of ruin). No, your 250 lot, 7% of account per trade risk example is fucking insane and you know it - and if you don't know it, then I'm not sure I should trust anything you write at this point...

You're not going to be able to put on 250 contracts after the first loss - c'mon this is a totally unreasonable example. People with 300k are not trading 100-200+ lots using DT margins unless they have balls of steel or are complete nutters (a 2 pt stop is 7.5% of the account). The example is...

Exactly. I mean what about 8/24? VIX must have been up 350% while the market was down 10%. There's no point comparing these numbers.

We need to have a collection of narratives: "Global concerns" "Brexit" "Chinese slowdown" "George Soros" "Buying Opportunity" I could probably come up with a lot more if I watched CNBC.

I don't get what is so "insane" about vol right now. Price is telling you something so why not trade it? No need to make it complicated. Personally I'm long VXN6-VXQ6.

Wasn't there also a 100 page Tastytrade thread (that got deleted) where the whole strategy was debated ad nauseam?

Most definitely. There's also Hong Kong BTW (HKFE/HKEX). Trading at a higher timeframe also nullifies any timezone issue as well.