I use Thinkorswim and OptionsXpress.
1) Not really. The "volatility smile" we see in most options chains indicates that traders are already pricing in fat tails. 2) Not in volume....
Only marginally because I don't believe in taking on firm-specifc risk (U of Chicago trained...I can't help it). But I'm sure others would be...
Mav, you are so great at answering, I can't help but ask a question off the topic of this thread (i.e., calendars) so here goes: What about...
OK...helpful as usual...what happens for larger lots? Say, 40 QQQ options?
I've used a similar legging-in strategy with some success on options (e.g., SPX) where the bid/ask spread can be several multiples of the minimum...
Thanks for the quick response. Here's two followup questions: What if we replace QQQ stock with a long LEAP or other option with months until...
This questions refers to US tax laws. Has anyone successfully claimed section 1256 treatment for options on QQQs? Options on other ETFs?
People do make money on options. You might want to have a look at The Options Edge by William R. Gallacher, which looks at the issue from the...
Ditto in spades, especially with respect to VAR and greeks.
Mav: You're making it too hard. Seems to me that you have to have two conditions to make your strategy work: 1) You have to do enough of...
I use Hoadley's stuff and it is defintely the best value-for-money out there. He's an Aussie, so hurry up and get it before the dollar falls even...
Hello MD, a few top-of-mind comments Interesting strategy and it strikes me that most of the major indices arguably meet your criteria. I...
Sorry, should have said "bottoms" ...from your comments I trust that you did get in at least near the bottoms. I take encouragement from your...
Mea culpa on the sloppy "vol is inefficently priced" comment. I withdraw the comment and in doing so would beg another chance. Here goes:...
Actually I have been taking out serious (for me) money from the options market using a strategy that I've honed over the past few years and...
I very much appreciate your thoughtful (and thought provoking reply). With respect to efficient markets: all the original hypothesis claimed...
Thanks for the reply. I'm always looking for pushback to my idiosyncratic views. Efficiency does not mean "not-mis-priced" the way I'm using...
Thanks RT...do you use their accounting software?
Only the paranoid survive: they really are out there listening.
Separate names with a comma.