Andy I presume these are the FTSE Flex options quoted on ICE that expire at 4.30 PM on nearest two Friday's ( rather than standard...
Have a look at IG Australia https://www.ig.com/au/welcome-page As IG have just bought TastyTrade/TastyWorks there is a chance that the platforms...
Andy The Fly Price Arc is just a table of current Fly prices, bold colour is front month, grey colours are back months ... just provides some...
I suspect that your 'focus' purely on theta is not necessarily helpful in developing alternative strategies that are nett long puts ... assume the...
You can structure ATM/ITM verticals with positive theta initially if that is what you are aiming to do ... just eyeball the RiskGraph in previous...
Personally, FWIW, I think there are better / simpler trade structures than the ZEBRA that achieve similar pay=offs ... without giving it too much...
Must have mis-understood when you were recommending the Zebra as trade :-}} [ATTACH]
This is another ridiculous trade "invented" by TastyTrade to peddle to the TastyLemmings who don't understand option basics ... even Tom Sosnoff...
Andy Good to have you back from the beach ! 2 quick questions ... 1. Any particular reason that you traded SPX flies that were 95 points wide...
Similar outcome if you use formula provided by Natenberg Spot x exponential(#SD x Vol% x Sqrt(Days/365)) [ATTACH]
I was kidding when I said 'revolutionary' ... the example for expected range they provide is based on implied Vol 20% for 1 year ... using their...
This new Options Math from the brains trust at TastyTrade is revolutionary ... [ATTACH]
PDF attached
Much depends on your view on Market Direction / Vols ... also have a look at 235-240 Call vertical ... usually similar price to Wider Butterfly
Andy Thanks for detailed feedback. I would be interested the next time you are considering a 231/123 type structure, if you could also evaluate...
Andy Thanks for detailed/interesting response ... couple of follow up qustions #1 Interested to see what your thinking is of using Monte-Carlo...
Andy ... apologies ... late arrival to this thread ... as you know, I am always interested discussing Wingspreads ... and am happy to chip in with...
When using to 'Dissect' positions the difference between the strikes is the 'notional price' of the box spread on expiry ( market price would be...
Second nature ... once you have done it 10,000 times !
Basic position dissection ( a la Cottle ) ... Long 36call / 39put Guts (ITM) strangle bought for $1.70+$1.90 = $3.60 Dissect out $3.00 box (...
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