Vol-trading for beginners

[deltaf0rce]

I

No disrespect to anyone here, but I have 20 ys of M+A, strucutured finance, LBO, distressed debt and buy side experience.
The risk that you are all running here is that you get the impression that you know what you are doing simply by following his lead. A serious case of false belief and cognitive dissonance that will ultimately hurt you badly.

Find tour own style as he found his. And be as obsessed about yours as he is about his.

I think the risk anyone runs who is passionate and trying to learn is by taking too seriously the unnecessarily pessimistic tone of your message. You have a huge cock and we are all in awe of it. The reason I made the reference to fracking above is because I had not yet seen your post here, yet I have more than you’re alluding to in my care on behalf of someone who sold a business with the same amount of time In the energy industry. I have a major in English. That’s the end of my combative tension in this thread, I enjoy and appreciate this too much.

 

[Justrade]

What do you (or did you) do for a living?

Please don't say school teacher .

I am a terrible teacher. My youngest niece was in from Chicago and wanted help with calc... she was crying after 10 minutes.

Dest does teach some valuable information on options though

 

[deltaf0rce]

U do teach some valuable information on options though

To say the least! If people need to dick measure, do it somewhere else.

 

[Corto]

ALWAYS DEFAULT TO TRADING OTM STRUCTURES WHEN POSSIBLE.

Don't short ITM legs if possible to avoid.

Destriero, thank you for doing this. Discovered it by chance. Better late than never.

Why this guideline? Assignment risk? In this case indexes can break it I assume.

 

[destriero]

Destriero, thank you for doing this. Discovered it by chance. Better late than never.

Why this guideline? Assignment risk? In this case indexes can break it I assume.

Microstructure mostly. The ability to cover combos (strangles) instead of legging verticals. i explained it in another post in this thread.

 

[Corto]

Microstructure mostly. The ability to cover combos (strangles) instead of legging verticals. i explained it in another post in this thread.

Thanks. Will have to check for it.

 

[.sigma]

It's the only method by which to trade a listed half straddle. The only issue is if converting the half straddle to a fly as you will be synthetically buying twice the wing exposure. Buying a one lot strangle to convert the half lot to an iron fly will result the same payoff as a one lot synthetic iron fly with two lot wings (stressed at 50% payout for the half-lot).

my ET homies... WE HAVE STUDYING TO DO!

 

[.sigma]

Anyone who starts off a thought with “no disrespect to anyone”


Lol...

 

[deltaf0rce]

Anyone who starts off a thought with “no disrespect to anyone”


Lol...

This is why we can’t have nice things.

 

[deltaf0rce]

I will post real trades at end of this week or beginning of next. I am under a draconian supervision policy and can only trade certain ETFs and indexes, to exclude futures. So I can really only trade ETFs if I want to be hedged. In the process of weighing how much I care about TD being a disaster last week