The options market seems untradeable now

[Atikon]

Then why don’t you sell us options for ”fair” prices then? Better yet, why aren’t you selling any options if the prices are too high?

Jesus.. ET has been an asylym lately..

Are you getting filled at ask? Because since week 3 I can't get filled on shit

 

[Atikon]

....er.......wide spreads can actually lead to good profitable opportunities, if you "trade the spread".

Are you selling puts and calls at the same strike? How are you trading with this strategy if you don't mind me asking? Especially in a market like this I would imagine the put side weighs heavier no? don't you have to buy back calls at the end of the day at the ask?

 

[Atikon]

Here you go moron. Last week,TSLA 600 -790 1x3 call spread traded for a .50 cent credit.
On the bounce,the next day it traded for a 3.80 credit.And you didnt have to leg the trade.

Look at the skew in AAPL and SPY and get back to me.

Believe me or not,IDGAF...

So you are buying options? And by edge you mean that the realized volatility is greater than the implied during covit times? Geniune Question.

 

[Atikon]

Yep. There was no VIX back then. Some have tried to calculate what it would've been and it was a record high--even higher than this crash.

they had the VOX100 back then

 

[taowave]

Buy 1 sell 3

Edge=Realized vol on the upside will be less than the implied..

I was supposedly short gamma....IMHO,it was an exceedingly low risk trade..

I was playing for the dead cat bounce,needed a 100 point rally and got lucky

So you are buying options? And by edge you mean that the realized volatility is greater than the implied during covit times? Geniune Question.

 

[NewTraderAdventure]

Edge=Realized vol on the upside will be less than the implied..

WILL implies certainty

 

[taowave]

Edge is theoretical, you numnut,hence called theoretical edge....

And its what the bet is predicated on...

 

[ironchef]

why not mention though, is it some NDA thing?

@TheBigShort posting an analysis of his trades on CELG and why he made those trades. I am forever grateful to him as it reinforced my own analysis of CELG, knowing a professional is agreeing with me gave me courage to execute my trades.

As a pay forward, a tribute to @TheBigShort, I posted trades I made related to CELG: BMY-RT, explaining why I did what I did.

@.sigma, read this. Essentially, BMY-RT is a binary option, paying $0 or $9 with March 2021 expiration:

https://www.elitetrader.com/et/threads/bmy-rt.338230/page-2#post-5055011

My payback to @TheBigShort on his CELG thread.

Regards,