Are there advantages to selling calls at several strike prices?

destriero said:
You need 3-4% for the put to go ITM and the co had a solid beat and closed on the high. I would think the SPX would have to drop 3% to touch 111 and we have tech reporting later in the week (AAPL, GOOGL, AMZN). Reaction to Fed should be 1-1.5%. Any reaction >2% on Fed should be faded.
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I understand all of your percentages, but I've also watched XOM for a long time.
Maybe it has peaked, maybe any bad market reaction, maybe it will drop 5 points.
I know, that's a lot of maybes. I paid .71 for the puts, if there is any degree of negative reaction i can at least recoup some of my $
 
MathTeacher said:
I understand all of your percentages, but I've also watched XOM for a long time.
Maybe it has peaked, maybe any bad market reaction, maybe it will drop 5 points.
I know, that's a lot of maybes. I paid .71 for the puts, if there is any degree of negative reaction i can at least recoup some of my $
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I trade a lot of vol and the analogs are for a muted reaction into week-ending earnings, but anything can happen.
 
MathTeacher said:
"I trade a lot of vol"
vol=volatility
vol=volume
?
How much did you make when you flipped the watch?
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$15K IIRC. IWC raised prices which bailed me out of deal. I sold a Patek complication to a large CTA in WI. I can't recall the name, but >1B in AUM at the time.
 
destriero said:
Your quote has (mine) and MsDawn's text commingled. Our DNA cannot touch...

Anyway, I have only read Hull in the space but I hear good things about Natenberg; also Baird's Option Market Making.
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I would read natenburg and then watch red heat.

after that if you want to go down the rabbit hole further, read hull and do all the math problems. You will know enough about (practical) options theory that you can observe how the market behaves in line and differently than the theory.
 
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Also I would ignore everything Dawn says.

She has some very strange theories on options and she doesn’t know how to communicate them well.

Otherwise you will fall into the trap of infinite gamma and you will lose 25percent of your Net liquidity in 1 day.
 
newwurldmn said:
I would read natenburg and then watch red heat.

after that if you want to go down the rabbit hole further, read hull and do all the math problems. You will know enough about (practical) options theory that you can observe how the market behaves in line and differently than the theory.
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Bobby Hull?
JK
Do you like Rush?
"If you choose not to decide, you still have made a choice"
I will do all the math problems, but I'm not usually on the other side of assignment of math homework.
Thanks.
 
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