Not entirely sure I understand (3).
So you're proposing a bear call credit spread and a short put? What happens if TSLA spikes above $300? You lose a lot on the spread and don't...
Do you have historical price data that you can assess to possibly answer your question? I can chart price of a given strike/expiry over time. Do...
UVXY tends to do one thing: go down. What's the delta on the $5 (now $25) puts?
So the higher vega of back month puts is effectively muted by a lower volatility pop?
Or, you could just buy the UGA ETF on the dips and build a position that will profit as gas prices rise.
What are some good sources for historical and current information on the VIX futures? I see some pay sites . . . are they the only options (heh)?
. . . and they actually were trading on inside information, as the news was not really "out" when they placed those trades.
Stop losses reduce performance.
I'm sorry . . . what? Were those butterflies? And when you say "sold" did you put them on for a credit or a debit? SPX opened ~ 2040, so to...
Not a "senior" trader . . . but it seems to me you are mostly upset that you failed to correctly predict the vote. If so, this is unrelated to...
Depending on expiry, looks like those puts came close to tripling in value.
Errr . . .
Futures are indicating SPY might come in just under 200, but short vol? Hmmm.
You could start by not paying attention to OptionGuru.
Yeah, I misread the original post. I thought they were the regular May puts.
You are legging into a short iron butterfly. If the underlying breaks through one of your long legs, you are guaranteed max loss (if at expiry),...
I'm sorry, it's late, I'm dense. What do you mean when you say "market value" is $45? You have a week to go, right? You need BAC to close below...
Long Put 111 Short Put 117.5 (You could also use calls for a net debit -- the bid/ask should be wider, but the tradeoff is that the long leg goes...
I don't have the PDF in front of me. The corner strikes of the equivalent spread are the strikes of the short call and long put in your 4-leg...
Separate names with a comma.