Well if I bought an AA Long Calendar it would have had a bearish bias at the 9 strike, so I did a double diagonal instead: Sold 10 July 10...
For the delta neutral long calendar, it's still negative at -$1364. The only positive is that AAPL volatility has been steadily rising, up to...
Hey mike, yes I want to play volatility, but it obviously has more elements to it...for example with reverse (short) calendars an important...
Yes, Quotetracker for the win. Use the the FAQ/Help function on the quotetracker website for getting proper tickers.
Hey SpreadSeller, thanks for the words of encouragement :) These next two months will definitely be all about understanding options better...
Earnings season is coming up. Alcoa (AA) kicks us off Wednesday the 8th. I've been backtesting entering long calendars (short frontmonth, long...
The short calendar (long August, short October) got hammered today. The greeks were right about negative vega! lol. It's showing a loss of...
Naked long calls/puts on a short time frame as pure directional plays can probably be done if you understand the leverage and risks of being naked...
OK, with the strong selloff today the current values are: SPY Dec 09 107 Put = 18.825 18.825 - 17.15 = Gain of +$1,675 SPY Jul 09 90 Put...
There is a lot of discussion about this by the option greats of ET, including Mav74, riskarb, etc. in the archives. Good lengthy discussions...
SPY chart, near term. Note, I don't have much TA skills or anything like that, so you don't indicators, channels, lines, etc. but I'm working on...
SPY Chart, long term outlook.
Alright well I'm still working with these calendar spreads, was up all night manually backtesting. Going to expand it out to RIMM and others, and...
Oh, okay. What I'm doing right now is searching for a volatility holy grail: long vol, no directional risk. I guess this is what most n00bs do,...
Is IV Trader still around? I've been reading lots of his old posts in the archives, good stuff. I wonder what he would think about the current...
Hey atticus, thanks for the first reply! Did you determine the position will get killed just from looking at the greeks? If not, what then? :)
note for reference: August 150 Vol: 34.84% October 150 Vol: 34.80%
Hey there!! So, I ordered Natenberg's Volatility book on Amazon yesterday. This should be a blast to read!! Funny how before I read on...
Ok the more I look at this, I think the position is fubar. Although the overall greeks are long vega, individually i'm short vega in august (when...
Some people did this in the legendary journal, SPX Credit Spread Trader. Indeed, premium is less and much closer to the money than you would want...
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