Quick and dirty methods for estimating 1 SD implied move from Vols / ATM straddles ... for #days forward ... Spot x iVol x Sqrt(days/365) ... for...
Trading is a tough game though ... there is no 'easy way' to learn ... although plenty will try and sell you a 'Triple-income-wheel' strategy that...
Why "besides the Charles Cottle book" ?
You could do it locally ... say with call options ... Buy 1 x 100 strike call ... v Buy 2 x 100 - 110 strike call spreads at same price as...
Buy the $50 - $150 call vertical spread does the job
The ATM strike with Spot at 2926 is 2925 The 2925 Straddle is 47.05 The 1 SD implied move is Straddle price 47.05 x 1.25 = 58.80 Make any more...
1 standard deviation implied move for the Expiry you are looking at can be approximated by ATM Straddle Price x 1.25
You cannot generally aggregate Raw Vega across different months to determine the position's nett Vega ... better to weight the Vega's from...
Do you have access to IG Index CFD / Spreadbettors ? ... if so then you could sell puts with same strike as covered call ( as equivalent positions...
... and there is the irony ... Sosnoff frequently states that "there is nothing more expensive than something that is free"
We should ... but apparently many TastyTrade devotees don't ... that's their magic ... like all scams ... and this one is designed to generate...
You now seem to accept our arguments about Sossy and TastyTurd ... there is no financial network that will teach you how to trade options But...
Why, when it is so much fun ... anyway ... just doing a little public service ... to try and prevent the next generation of TastyTraders ending up...
Regulatory arbitrage ... is that what you call it ... the rest of us call it FRAUD Sossy didn't have to see her books to know it was FRAUDULENT...
Duh ... he hosted a series called "Where Do I start" ... to train up Newbies ... started with his daughter ... which was such a disaster ... that...
Why offer an App that allows people to track your trades but not your P/L ... like watching a football match without ever knowing the score...
Along with all his TastyTurd followers ... is he going to admit that the TastyTrade method is as much use as a chocolate teapot ?
You are right ... this is complete bullshit ... but he still keeps on saying it
Except Sossy's argument is when challenged goes ... I have made a living trading this way for 30 years ... However, I won't show you my P/L ......
Sossy was essentially short strangles across 80+ different tickers ... and by his own admission ... his short delta was good for the first 3%...
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