I sometimes buy 1 delta SPX puts to protect my butterflies when the SKEW index is very high. I sell them off when SKEW comes down again. SPX puts...
Today the market opened down. I usually don't sell iron condors. But since I can't get my safer butterflies filled for days, I broke my own rules...
I take a different angle and embrace the "dumber" players, especially in the futures and options markets. Without their enthusiastic support, the...
Very well said again. I fully support your learning spirit. Keep up with your good work. I brought up the Bittman strategy the other day because...
When I sell options premium, I in essence enter into a volatility or variance swap contract with my customer (the counter party). The very reason...
And if you don't trust astrologists and Feng Shui masters, take a look at this [MEDIA]
I never met my sister's Feng Shui master in person. But you can catch a glimpse of another psychic astrologist showing off his craft in the...
Several years ago, James Bittman of CBOE proposed his 2-step strategy. The backbone of the strategy is based on the following probabilities:-...
There are lots of money to be made. All you need is finding wealthy people who don't think straight....
If you have the gall for a gamble, here is some food for thought. BUY +1 VERTICAL SPX 100 (Weeklys) 15 JUN 16 2150/2025 PUT @52.15 LMT Since the...
OK, just bought back my puts @3.30 Gross profit = $1790; round trip brokerage fees = $10; I want to wait and see before deciding on next trade....
I forgot to mention that I also monitor the VIX/VXV ratio and the CBOE-SKEW index....
On May 23, I sold 5 SPX 22JUL 1800 PUTs @6.88. If I remember correctly, they were about 0.055 delta (i.e. your 5 delta). They are doing quite...
From the tidbits which I gathered from my sister, her Feng Shui master apparently has developed a superior business model. First of all, this...
My sister never reads charts and she steadfastly refuses to learn. She had made a lot of money between 2003 and 2007 by consulting a Chinese...
A wiser friend of mine, who by the way is also a better sailor than me, had taught me this. Never sell premium when the market (SPX/SPY) is below...
Coolraz, by the time the VIX is in full backwardation, it is probably too late for damage control. I try to watch for signs of weakness in the...
I think she sells delta 5, 7, 10 puts depending on IV level. I had tried diagonal spreads on LEAPS. Slippage due to low liquidity is the main...
My superficial understanding of Karen's method is that she sells far few calls than puts. Furthermore, her calls are mostly 14DTE while her puts...
Hey Pekelo, I short vega and long theta on SPX, using a combination of credit spreads. I use stochastic-RSI, two-line MACD and the...
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