Yep. Murray is quiet. He must be shopping for a bigger boat!
Mark, How did you diagonals do today? I remember you put them on with less vega than does Murray. Did you do anything different in your...
Anyone interested in sharing how they handled today? I'm willing to post my day's adjustments/pain.
Wow. Vix at 10 thursday, now at 18.
I think I understand the question better. It's a question of ratios. If you sell the same number of long term straddles as you buy near term...
Thanks, Mark. That's very interesting. Two things of further curiosity for me.... The 'extra calls' - I know you buy upside curvature that way...
Mark, From your last post, how do you add more call diagonals as the market rallys? In the past you've said you try to stay delta neutral...
IV can answer for himself, but he's putting on these trades in expectation of a large move in the underlying. His reverse calendar is only to...
Thanks IV. I was talking about your second scenario: exit before report. In that case, your long gamma is nice but you don't get the profit...
Nice work. I was long the March ATM's and short Jan ATM's in a ratio favoring longs (tyring to stay theta neutral). It didn't really work....
IV, I had a question about an earlier post of yours. If you don't mind.... When you talked about doing an RC with earnings in the back month...
IV, Did you pick up a 2-3% vol increase in DNA? Which months were you long and did you hedge with any shorts? Thanks,
IV, I've been playing with diagonal backspreads and reverse calendars for IV moves. On several RC's I've tested, I'v found that the tenor...
I'll go to the Expo. I like to say hello to the TOS guys.
Coach, I did DNA as well. I was short Jan and long March with the intention of exiting prior to earnings (which I did today). I found that I...
Coach, I'm working on these strategies as well. Here's my two cents: 1. These can be done for theta ie., choosing the long months well...
Coach, What is your exit timing on these? I have on a couple long vega positions on these (among others) where I'm going to bail just prior to...
Murray, Can you elaborate on this conversion? Are you talking about selling the long-dated put and building a butterfly around the existing short?
Leon, Yep. The VXN is the Nasdaq IV index. I'm using it as a proxy for the RUT IV. I was just making the point that it might be more...
Are you using the same number of contracts for both the DD and the calendar? If so, you're betting heavily on RUT being near 750 and the call...
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