While I see no reason to desire a Covered Call on $VIX.X, The underlying would actually more appropriately reference the /VX Futures associated...
Good catch! I missed that!
Looks like a nice trade!
Your line #3: "So, the above saying cannot be true, as it does not make much sense, IMO." Suggests a total disconnect/lack of understanding of...
IMHO: (1) Find (and understand) your edge; (2) improve exploitation of that edge, (3) go to step (1) {repeat} I think quantifying/understanding...
Would like to better understand how you manage your exit for your day-trade UVXY long. Just incase you care to share.
XIV, UVXY, SVXY, and latest was VXX that have encountered "Lots of weird shit going on there". Am concerned our inglorious politicians may be...
I recall "the wheels falling off the wagon" for VXX some time back, where they ceased adherence to the management of the VXX price per the...
Look at UVXY, which was identical in structure to UVIX prior to 2018, then it changed from 2X to 1.5X leverage. I was trading UVXY previously,...
Why would you open "UVIX Jan-2024 Short Puts"? You do realize UVIX is an eroding instrument, correct? I prefer UVIX over other products for...
TOS's rejection reason is "Series closing only ...". Interesting.
TOS (ThinkOrSwim) is free.
Sorry, I don't recall if they disclosed the minimum account size. The account I applied it to was larger than that, so 100k "may" be the lower limit.
Correct! I did enroll! Was easy and fairly quick.
FWIW: I had similar, but much less drastic experience with the low HTB fees at TDA. I think they may have been something like 2% or less when I...
Scary that the fee was not discovered till closing the trade. I have TDA, not Schwab, and they disclose the HTB fees charged each day. I don't...
When examining, do not forget that the price of the option is also function if the IV of the option (the two are not really separable). There is...
This may be TMI, but perhaps it may help. I looked at recent SPX data with different IV to provide view of delta with respect to Moneyness....
I have not seen that book. The distance of a strike from Spot price for a specific delta is also impacted by skew.
I misread and incorrectly picked the -0.05 delta. apparently the -0.005 delta was intended as newwurldm points out.
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