Ja. OP will have to weigh-in with specifics to get some advice.
Point taken, but I doubt he's trading any material size. My advice is still the SPY, at least until he gets his sea legs.
I don't get the opposition to SPY, but it sounds like you've made up your mind. In that case, SPX is a fine product. Unless you have to trade a...
I've got nothing but respect for TOS. But it all depends on how you trade as to whether you need their platform. If trade friction is a limiting...
Why not try IB?
You don't need an unusual skew in the front month. You're simply looking to sell enough premium in the front month to compensate for the...
Your theta is killing the position and your vega is too rich. Not enough short premium in the front month. The OP's description is concept, not...
Not really what I'm asking. For now, my advice is to stick with some additional reading and demo trading until you can clearly define your...
Your desire to benefit from a strong/likely down move but still benefit from an upward move is going to be difficult to design without also...
How many trades have you done in those 2 yrs? What approach have you taken with those trades? I would not put your hard-earned money at risk...
The spread between a riskless asset and a positive return of anything greater than 5-7% is near or exceeds historical expectations for equity risk...
Ahh. You're simply looking to own traditional long-delta-only asset positions built on historical correlations?
More info needed, but I'll assume you don't just want to own bonds since you mention etfs. General concept will be to sell premium on the least...
:p
Sinclair, Baird, Derman's GS monographs
Your comments make me think you consider theta a type of check written to you each day. Uh-uhh. It's simply a way by which models can account...
Can you give us the exact trade you're considering? I can construct several scenarios with the trades you propose.
My friend, little Ms. Clay. :cool:
I thought you implied you knew the principals at the firm.
OP knows management. OP could ask Cat when stress testing is going to be available.
Separate names with a comma.