$WBA June 53/52/48 Put Butterfly $0.40 credit
I am reading his book "Volatility Trading" and its great. I'm now getting into PDE's and forumals and such like you. Its heavy but the more I look...
I'm a lil confused. Didn't you sell the 157.5 straddle? The short straddle was a winner correct?
Isn't any news already priced into the market before the articles are even released? Other than pure curiousity and awareness I don't see much...
What do you mean by this? How do you measure the implied vol against realized? In my brain implied means looking at the "implied volatility"...
Why is it your favorite? What do you look at in the term structure and strikes as means for trading opportunities? If the market moves drastically...
May I ask what does "closed-form" method mean? Are you talking about calculating variance/standard deviations? Also I want to ask you since you...
Very interesting. What kind of software do you use to measure kurtosis? Do you look at kurtosis for every potential earnings play? Also are you...
Thanks for the reply. Although that is true I want to know what volatility means to your trading methodology? How do you use vol in your...
So you'd look at the IV of the ATM strike then compare it to the IV of the 25 delta strikes? Let me ask.. why 25 delta? Why not 5 delta? or 35?...
You speak in the past tense.. you don't trade anymore? And when you did trade it was as a MM? Did you ever trade retail? Just curious.
1. Uncertainty of future price movement yes.. but volatility is more about the magnitude of the movement, moreso than the movement (direction)...
I've read 1 Enoch and have glanced over 2 Enoch and 3. I really cherish this book. Its an amazing testament and Enoch is one of my favorite...
Thank you for the reply. I guess what I was looking for was if any experienced traders used this as a quick metric/guide to value the option...
Also, what does "when the spreads are really wide" mean? Are you talking about the bid/ask spread? What is considered wide to you? I advise...
In my opinion any aspiring options trader should read all of Nassim Talebs books. His "magnum opus" is titled "Dynamic Hedging" and its a very...
I'm fascinated with volatility. The more I read, view, and $tudy it the more I don't know wth it is. So I ask, what is volatility? How do you use...
I'm studying your posts so don't mind me bringing up old ones. This post peaked my interest. You said "the kurtosis of the returns was 6"....
Thank you! Appreciate all that you contribute, I'll be joining in on this journal from now on as well.
Just to clarify, you sold the 157.5 straddle? Also in which exp? June weeklies? Thanks.
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