my divine commedia to optionality

TheBigShort said:
On another note, why do you believe there are more opportunities when volatility is high?
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Also, as you know.. volatility and volume are almost synonymous. So with more volatility comes more activity, thus tighter spreads, cleaner fills, and magnitude of movement to scale in and out of.
 
Because vol is mean-reverting you'd expect one vol point change in the front-month IV to be accompanied by a somewhat smaller one in the back-months. Yet, the back-months implied vol tend to move much more, overreacting, thus giving opportunity!
 
Earnings trade:

Long the Nov 19/23 call spread @ 1.91 risk

Closed @ 2.29

CMRX and SIX STILL bullgarding.. its a lovely sight!
 
.sigma said:
Btw, I love buying sh!t that goes down. The demise of an asset is littered with alpha!

The more it goes down the more opportunity, its simple math.

Sadly, this market has been a dog, drifting like pure geo-metric Brownian motion--like for a decade, with a few corrections. But man, once another bear market comes and we drift down that's when I make my killings. That's when we eat.
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I beg to disagree. But what do I know I have been a full time options trader for only a few years.

As a mom and pop amateur retail I don't have the tools and weapons, so keeping things simple, betting with the market's long term uptrend is the strategy that worked for me.

I must say with this bull market long on its tooth I am not sure how much longer it is going to work?
 
ironchef said:
I beg to disagree. But what do I know I have been a full time options trader for only a few years.

As a mom and pop amateur retail I don't have the tools and weapons, so keeping things simple, betting with the market's long term uptrend is the strategy that worked for me.

I must say with this bull market long on its tooth I am not sure how much longer it is going to work?
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Hey @ironchef thanks ffor the reply! What do you disagree on exactly?
 
I've completed liquidated my $CMRX and $SIX positions

CMRX +0.50 cents on shares
SIX +0.75 cents off Nov40callz
 
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