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moved out some more today...

it is a very complex game.. has a lot to do with the real contract specifications of brent futures and the physical stream.. have a read and i think u will answer ur questions very easily.

Anyone out there think that OCT/FEB Live cattle is a screaming sell?

when i make an error or a crap trade (or missed trade or opportunity) i play 2 special trading soudbytes: http://www.wavsource.com/movie_stars/schwarzenegger.htm 1. you lack discipline and.. 2. stop whining.. always good for business..

Sorry my bad.. only at the money put or call fly prices have the convexity.. (ie: 75, 100, 125 with S =100) Condor prices increase and decrease linearly with vol. if u really want to see, price them yourself at 5% 10% up to 70%, you will see what i mean. I think what I wanted to say, is...

basically, OTM options rise in value quicker than ATM options when vol goes up.

Natenberg is good.. it goes from simple to more advanced.. it takes more than one read to consume it.

very simply: dont waste your money. buy natenberg. learn synthetics. options are for: leverage stop loss buying options is limited loss, unlimited (bounded by asset price)gain. selling options (Naked) is poss unlimited loss, limited gain (premo) cheers

My pleasure.. I very much enjoy options and I have spent *years* learning about them... hence a small edge in trading from time to time. I am not trading options at the moment, but normally if I want a long term position to trade in and out of, yes, these are my favorite trades. Your idea...

What I dont understand is, arent these supposed to be trend-following funds? all the markets are pretty much trending, and these guys are getting she-lacked. 31% drawdowns is redemptions time in my opinion..

Ok, what kind of strategies? Naked Calls, Covered Calls, Married Puts, Naked puts? anything else?

The Price of the fly is lower with higher volatility. Do you understand that?

A word from the wise: Selling options is a long term loser.... it feels great, but when she comes to get you.. its like a withdrawl u never imagined!!!!!!!

1) In my experience discipline, determination and solid plans of action work. Just tailor it to your schedule. 2) I trade futures and some stocks. I go for single stocks if I think something good could happen in them for the time being. I think best to focus on a couple of markets and...

I would be wary of indicies.. they can dump.. it does happen.. and in fact, with the vix as low as it is.. i would bet on it happening quite soon!

The natenberg book is simple enough for anyone.. it goes through options in an easy fashion.... it may take 2 reads, but once you have it, you really have it.. Mcmillan I feel is a bit naive.. Cottles book is good, but a bit confusing.. as for the time spreads... there are big returns in...

ok now I get the picture much better.. Still depends on whether you want to trade it as a breakeven (in which case always do nothing!) or manage it delta/gamma/vega/theta If you want to manage it: Depends if you want to take real delta risk.. do u think the market is going to dump? If...

taigong: ahh zee iron condor.. this is very subjective... There are two ways of looking at such a trade: 1. Breakeven. You collect 5 for something maximum worth 7 or something.. In which case, leave it alone.. you know u will only lose 2 or make 5. 2. Trade in and out of it. at...

yes, have a direct line to the floor! ;0) all depends on the institutional flows.. of course its best to sell when u know the last 1000 lots of some order are going through..

SHELDON NATENBERG Option Volatility and Pricing then try : The Cottle book (cant remember the title) once u have been trading a bit, try Dynamic Hedging