I'm too young to compare against many points in the past, but what I observed on Monday night looked insane. Some of the puts maturing 2 weeks...
The title also says "Swatch". Would you like to buy mine for $10,000? :D
Sorry, what are you talking about? ES is a future contract and its value fluctuates away from spot because of interest rates, funding, and...
I hope you don't follow too closely https://www.cnbc.com/2018/02/08/fund-crashes-after-wrong-way-volatility-trade.html
I have even better: from 25K to 9MM. In less than a day! http://xe.com/currencyconverter/convert/?Amount=1&From=USD&To=ZWD
Hey New, this is how I model it at work. We used the paper from Derman (post above) and the one below from JPM: Just what you need to know about...
You forgot a zero :D
I started using TOS a few weeks ago for options on ES and it's quite good. You get SPAN margin and 1256 tax treatment.
I don't think. I just trade and watch the gorilla channel
Don't forget Gartman
Skew https://www.investopedia.com/terms/v/volatility-skew.asp
I also have a platinum adivsor. I will reach out to her about this.
I am in the same situation. I bought some cheap tail hedges for 10 cents that are currently marked at $2.1. Huge fake gain
The turkey ate some of the vol, hence we kill it
Here is a good doc from Derman on the subject: http://www.math.columbia.edu/~smirnov/Derman.pdf
I do this as well. Relatively cheap way to get some gamma.
Subscription fees maybe, which seem higher than the cost of holding XIV
@marketsurfer did Yuliya become a millionaire after reading your book?
Followed the next day by a close at a new all time high :thumbsup::D
A 1*4 ratio spread for example leaves you naked 3 options... That is what this fund did....
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