Blackjack ain't Roulette. Ask him to write a model for the later, he'd laugh in your face.
Vol came in.
Yep, might as well start a thread, "How to beat the casino at Roulette."
I don't mean to be impolite, but I disagree with everything you said. It is much easier to predict long term volatility than it is to predict...
No idea, it's not how I think. But as a rule of thumb. If you are exiting your winners for 10% gains you better exit your losers at less than a...
For a boutique firm, as a member of the NYMEX and COMEX, but that will be 3 decades ago come this December.
The opposite. Vol might moves less but Vega is larger, therefore options far from expry are more sensitive to vega. And theta and gamma are...
Solution #2. Keep things smooth.
1- Don't understand the question as the wording is a bit confusing. 2- Underlying and Future mean the same thing. Unless it was equities where...
I always immediately hedged delta with the underlying, unless there was an option I could hedge delta with, which usually is not the case, then...
"fall off a cliff a 100 times and then you will recognise a cliff." I don't think you get a second chance on that one. I have to say, your posts...
Me. What separates a great trader from the Hoi-Polloi is one knows how to get out of their losses and immediately forget about the fact they lost.
Sure, but I sold them where I knew I could spread into something else against them for cheaper. Wash, rinse, repeat.
Thank you. I was shaking my head in disbelief. Everything else you said I am in agreement with, and somewhere in one of the posts said....
At one time or another, all of the above, although clients were only large institutions.
You suffer from what everyone suffers, once you get an idea in your head you refuse to remove it. I know more about options than I know about...
I meant to add. If you are capital restricted and want to get long, buying deep in the money options with no extrinsic value, theoretically would...
The fact you are trying to truly understand makes it pleasant to help. Yes you will lose out on the leverage, but you pay for that leverage in...
Assuming a lot of time hasn't passed, and volatility wasn't exorbitantly high when you purchased it and afterwards came in considerably, the...
If there is opportunity in the trend it is in the trend, not the option. If you think you can see the trend AND time it, well as they say on Wall...
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