How to trade volatility?

Discussion in 'Options' started by ssp729, Sep 24, 2018.

  1. destriero

    destriero

    That’s the notional turnover. TDA calculates options with the multiplier; so 10000 is 100 lot. 162MM equates to 1.62MM in options turnover. Obviously shares as well. $162MM equates to shares and options, calculated on open and closing trades.

    lol did he imply that he has a $162MM portfolio?
     
    Last edited: Sep 25, 2018
    #31     Sep 25, 2018
  2. srinir

    srinir

    I swear, I saw something to that effect in his last night post that was quickly deleted.
     
    #32     Sep 25, 2018
  3. destriero

    destriero

    lol! It's total turnover; all open and closing trans; shares and options*100. My IRA at TDA is in the billions. Even my son's account is close to $70K even though he's only been trading a few weeks. I'll take a screenshot.

    Adjusted cost. There is an adjusted proceeds as well. The diff is your PNL sans any open/existing positions. This is my oldest son's $28,000 account in which he's self-limited to $5,000 in risk. IOW, he's never carried debit-risk exceeding $5,000. It's a few weeks old.

    lol $162MM.


    2018-09-25_1830.png
     
    Last edited: Sep 25, 2018
    #33     Sep 25, 2018
    srinir likes this.
  4. silver182

    silver182

    destriero..gets an A in comprehension 101..& B- Arbitrage 101..the others stringing this thread along need to repeat reading & comprehension grade school..

    LOL destriero show us your capital gains to date 2018 screenshot only NO Bull sh*t from your TDA Gainskeeper...like I did...let us all see your billions in action & resulting cap-gain
     
    #34     Sep 25, 2018
  5. destriero

    destriero

    I will. I promise!

    I will do so the moment that you tell ET, on this thread, the big difference between a naked put and a buy-write.

    You can use Gainskeeper but I can't?
     
    #35     Sep 25, 2018
  6. destriero

    destriero

    And FWIW, anyone that knows the answer to the following can request via PM my TDA IRA PNL to date:

    What position is equivalent to long 100 shares and long one put?

    a) a toaster

    b) long call

    c) Brett Kavanaugh

    d) Herpes

    9) all of the above
     
    #36     Sep 25, 2018
    sle and mjf61 like this.
  7. mjf61

    mjf61

    You cvnt
     
    #37     Sep 26, 2018
    destriero likes this.
  8. ssp729

    ssp729

    #38     Sep 26, 2018
  9. silver, how do you keep margin at near 0 if you keep cash to side to cover a exercise? wouldn't this factor in like a leverage of 5/1 or what I'm saying is bringing your margin down to 0 makes it that you over extended yourself not being able to cash cover the shares if the puts go ITM???

    what happens in a bad scenario say apple drop 7-9% on week, and then you are at a loss say 8% because you went out 1 % on the puts.. how is your recovery system to handle that big of a loss?

    if you do get exercised, what do you do then? pray and hope apple recovers the next week? what were your plays 2015 I believe when apple dropped 40-45% that year?

    what advantage do you believe this has over cover call? or why do you use this system over covered call



    very interested, as I don't play aggressive, or it's not my style or something I've never played with, happy to hear any input with your system that you seemed to fine tune to your style and habits
     
    #39     Sep 27, 2018
  10. silver182

    silver182

     
    #40     Sep 27, 2018