Long the NDX Sep5 00/25/75 P 132 asym fly from 7.9. Edit: It's 8.75 mid now, but still a buy. I have a screenshot of my time and sales for opm if anyone wants the entry. Send me a PM.
Excellent Sep5 symmetric VXX fly. Long the 23/28/33 from 3.18 mid. Expecting 4.00 by Friday. Reco the P-fly for microstructure, as I am expecting to invert D by tomorrow.
WHOA BRO!!! YOU'RE SHORTING???? Surf says long is a must. He also has a mysterious catalyst that he can't divulge just yet! You're going to fade that?!?!?!?!?
I have zero idea what's going on in this thread as I don't understand options, but it's still one of my favourite threads, lol! I opened a thinkorswim demo account so I can play around with trades and maybe follow some of yours if I can work out how to place the same ones! You usually place trades based on your expectation of the volatility of an instrument rather than the direction? (except when you place a plain put/call trade. The only option trade i'm really aware of) If so, what sort of things do options traders look at in order to predict this? e.g, most of the traders on this site trade futures/equities, just going long and short, and use charts/technical analysis to decide whether the instrument is gonna go up or down. What do volatility traders use?
Don't feel bad, I have run these posts past pro option hedge fund traders and they can't understand some of the terminology.
wtf is a "pro option hedge fund trader"? Run what past whom? You're an unemployed hack who is paper-trading the Dow futures. Surfer blew out his last journal in three days. 50yo and he has never seen a year w/o a blowup. Blows out his last "Surfer Alerts" thread in 5 days. Of course he came back the following week after going debit. The magic of sim-trading.