Bought me a slug of July 20 calls. Stock looks like a double bottom right before earnings. Vol very inexpensive pre-earnings and nearly a 52...
Why buy the calendar if you are expecting a vol crush?
smile. yes that was the whole picture. usually you would set up a "skew" trade if the smile was crooked so to speak. in regards to shorting...
Never said easy. Probably, you would have to hold close to expiration. Then the fun would begin. Hopefully you would be able to withstand the...
In my dealings, skew was the difference in IV between strikes. For example. Buy IBM 90 line on a 35 vol Sell IBM 80 line on a 42 vol. If...
QQQQ are .05 wide and 1000 up.
Bought some '07 10 calls. Usually these one product types will attract some larger entity after they get clobbered. Happend to Lotus in the...
austin via NYC
I used to be a MM in my previous lifetime. Was in the biz from 90-97. If anyone has questions, PM me and I will answer the best I can. Good luck.
Vol traders make there decisions just like everyone else. They look at something, apply a value, and then buy when its cheap, and sell when its...
Is it cash or stock consideration?
In the equity and fixed income underwritings, the answer is yes. If GS had a decent quarter of trading, that could cushion the fall. IMHO.:p
yep, i did the inverse. Say I was trading IBM at the time, calculated the average daily range, say 2 on a 100 stock. Bid 32 vol for the atm...
I was on the AMEX when they took him off in a stretcher. Pretty freaking scary if you ask me. But you had a couple of firms bidding for his post...
Whenever I am long gamma, I always calculate a daily point breakeven. On the short side I tend to keep my delta tight and try to buy options...
I heard that a hedge fund trader was shorting this puppy without his bosses approval. When they finally realized the rather large position, he...
I guess if you can post spread orders with a broker, you may be able to leg it a little better. I will take a look.
Are the NQ's liquid? You quoted the IC based upon midpoint prices. My guess is these things trade twice a day and you will have to be either...
Watching the close. Stock down even as market goes higher. Obvious distribution in this pup. It will probably trade in tight range until the...
stock makes new low of 96.30. Time to take some profits by unwinding some of the 90/100 here at 3.80 or selling some 80/90 's to put on the fly.
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