atticus, short VIX/long SPX is certainly a great trade at present, but isn't the long SPX/SPY's positive vega covering the vol risk on your short...
Right, need to hedge gamma as well, I'm assuming it's part of the option trade already, just thinking if the seller can add VIX future buying to...
DMO, I know your thesis about portfolio insurance, and good explanation of vol skew in your other posts. I was arguing about the divergence...
DMO, sure one may get killed easily by fast moving gamma :) the real question is why people would buy these equity options at such expensive...
Would it be better to short SPY straddle?
Hi, nitro, Doesn't IB provide you direct access to exchanges? Why do you need to get a seat for CBOE or other exchanges? I'm interested...
Good comments, Mark I doubt shorting equity strangles is a valid strategy, I got burn on 10/31/07 shorting CROX at earning release. Any one...
What kind of rule change?
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