I understand all of your percentages, but I've also watched XOM for a long time. Maybe it has peaked, maybe any bad market reaction, maybe it will drop 5 points. I know, that's a lot of maybes. I paid .71 for the puts, if there is any degree of negative reaction i can at least recoup some of my $
I trade a lot of vol and the analogs are for a muted reaction into week-ending earnings, but anything can happen.
$15K IIRC. IWC raised prices which bailed me out of deal. I sold a Patek complication to a large CTA in WI. I can't recall the name, but >1B in AUM at the time.
I would read natenburg and then watch red heat. after that if you want to go down the rabbit hole further, read hull and do all the math problems. You will know enough about (practical) options theory that you can observe how the market behaves in line and differently than the theory.
Also I would ignore everything Dawn says. She has some very strange theories on options and she doesn’t know how to communicate them well. Otherwise you will fall into the trap of infinite gamma and you will lose 25percent of your Net liquidity in 1 day.
Bobby Hull? JK Do you like Rush? "If you choose not to decide, you still have made a choice" I will do all the math problems, but I'm not usually on the other side of assignment of math homework. Thanks.
I don't know what gamma is, but falling into the trap of infinite gamma does not sound good. I will look up "options gamma"