Do you say this because you get better premiums on the puts vs the calls for the same OTM distance? It may be so, but the put buyer will benefit...
I don't think is that simple. The magnitude of the gains/losses must also be considered, not just the probability of profit. Instinctively I...
On the SPX, but more precisely I was thinking about an increase on the VIX itself. I was thinking about it as a directional bet on the VIX...
I don't have a problem with debits but I feel that you have to be right about more things with the long options than the CTM spreads. In any...
Yes, you are right. And I must confess that I didn't even price the puts. I guess because I don't really expect any big drops.
Thanks. Yeah, normally you want to short calendars at vol peaks but VIX calendars are weird and I see this as a low risk bet on a increase of...
I'll hold them with a 2.5 stop. I may close earlier if we get a good drop.
rally, what do you think of the short VIX diagonals/calendars here? DEC VBI is pricing 12 and the NOV contract is already tracking the spot...
Just finished legging into 20 ES NOV 1400/1405 call spreads for 1.7 credit
Thanks. I was missing the fact that IV will keep increasing as earnings approach. I was thinking sell expensive straddle first, buy cheap wings...
I thought you were talking about the ITM strikes because you mentioned a debit. In any case, it is exactly the same play. I like the idea of...
You can convert them for a credit by buying the 30 puts and 40 calls instead of the other way around. You end up with the same profile.
Coach, can you expand on the timing of the short straddle to fly conversions? You are selling the straddle ahead of earnings and then buying...
You wish ! But unfortunately: So no money printing machine :(
Well, not exactly but compared to the magnitude of vega.
Just a note. The futures are left overs from the synthetic straddles I enetered about 2 weeks ago at 1372. The whole thing would probably shitft...
Sure. My position is: -30 ES NOV 1350 puts +30 ES DEC 1350 puts +3 ES DEC futures Delta is +70 Gamma is -2.36 Theta is +122 Vega is +2,272
I started taking profits on the bullish side by closing my NOV 1345/1350 bull put spreads and my NOV 1405 calls. I'm long futures and NOV/DEC...
It can calculate the margin at any price and time on the PL curve at current IV or any assumed volatility. It can also calculate the probability...
When I was shopping for an analysys software, one the main features that sold me on OV was it's understanding of future options and span margin....
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