The issue with Iron Condors is the cost of transactions given four legs and eventual unwinding. The put spreads cant be managed so one and done.....
Use the software to monitor temperatures and determine source of excessive heat. The next step is to vacuum all dust from board and fan if...
We had a great saying on the CBOT floor when trading options in the pit... After one year, you can confidently say you know how to succeed in day...
Look at the calculation and the solution itself - (POT) Probability of Touch for an In-The-Money option is 100%. It's not asking how many times...
Basically, any option with a delta greater than .5 can expect to be tested at least once. A one standard deviation option with a delta around .25...
@Libranalysis , I just put my money where my mouth is.... it took forever to put the trade on as the options are not liquid and the stock just...
The simple answer is to buy three months out of the money put vertical spreads after a large vol spike. You need to give yourself at least two...
I don't think the right question is how many years experience is needed to be a profitable day trader. The more important question is what skill...
When you dollar average down, the subsequent move back can be a significant profit maker. Obviously, your position is no longer small. The...
My suggestion is to drop your trade size by 90% and don't use stop loss orders. Then you can dollar average when the market goes against you and...
Investors don't understand the real cost of execution and the major drag when having to pay someone else to do the trading for you. This even...
The mathematical formula for the probability of a touch is: e-qt * N(d1) x 2 So the probability of a touch is approximately twice the delta of...
Libranalysis, I like this strategy and have made money using it for a long time if you stay small. Assumption: you have a long term view of one...
People underestimate the cost of slippage when trading. The market makers want to earn a living by pricing products so that the bid/ask spread can...
d'Orian, To summarize what has been said already, you are trading in fragmented markets and so prices trade at different levels across exchanges....
Puts trade rich out of the money so put ratio spreads have a greater chance of success then call ratio spreads if you don't have a directional...
I traded in the pit and every possible role around the floor. Traders would be out drinking until sunrise and between the smell of sweat, alcohol...
NLNK - Stock at 15 and 15 Straddle at 10 dollars for Jan 2018. 335 days so about 70% return on capital. You own more stock at 5 dollars if drifts...
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