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Jesus these swings are killing me
- Thread starter chrismontez
- Start date
Quote from Appleseed:
whats a dnt?
thanks john
I am guessing do not touch, saying a certain price won't get hit like es 1290. See barrier options.
http://www.riskglossary.com/link/barrier_option.htm
Quote from chrismontez:
Although volatility is an option traders friend, I don't like scalping options and I'm finding it very difficult to hold options on the OEX for any length of time. It seems I'm either stopped out within a day or two with a loss, or would have to start averaging down to break even on a reversal. And many days that would just turn around again.
Anyone have a strategy that's working they wouldn't mind sharing?
Do you have an eye peeled for RVX and VIX?
Well my system right now is to go long puts when the S&P breaks support. Today the 1284 big time resistance seemed to hold as it had twice before and we started heading down and broke through the 1279 support,. I took a small position then with put spreads that are now losing positions. If I had shorted 100 SPY instead for each put contract I put on, it would still be a loser only more.
Well if we get a pull back to 1284 on the S&P and it holds, maybe I'll change my bias to long and can make this up. If I start going long, I'll let you know so you can go short and make some $.
Well if we get a pull back to 1284 on the S&P and it holds, maybe I'll change my bias to long and can make this up. If I start going long, I'll let you know so you can go short and make some $.
"Do you have an eye peeled for RVX and VIX?
I trade options on the vix so do follow that. I've stopped trading them recently because no trend seems to hold value for more than 1 day.
I trade options on the vix so do follow that. I've stopped trading them recently because no trend seems to hold value for more than 1 day.
Quote from atticus:
Stay out of index. There are many opportunities in component volatility. I am having my best year in equity component vanillas and exotics. Many won't have access to the product, but IBM DNTs have made my year. I've had runs of 10/10 wins in share-exotics.
atticus, can you shed some light on how to trade the exotics. The only "market" i was able to find are basically betting sites, that has either very little volume or do not accept us accounts.
Is there a real market that's relatively liquid and has exotics for trade, even if for the very common stuff like sp500 index etc..
thanks.
Quote from newguy05:
atticus, can you shed some light on how to trade the exotics. The only "market" i was able to find are basically betting sites, that has either very little volume or do not accept us accounts.
Is there a real market that's relatively liquid and has exotics for trade, even if for the very common stuff like sp500 index etc..
thanks.
It's all OTC with banks or the betting sites. The major IBs offer equity exotics. JPM offers the product to US clients, but the barrier to entry is high.