No, the retail trader sitting at home is the person off whom the MM makes his living. At the most basic level, it works like this. IBM is 100...
I dunno, I wouldn't write yourself off just yet. If this is a tech support position I doubt they're looking for option trading gurus. I did a...
It's hard to know what was the right answer for this particular guy. But I assume the best answer would be one that shows you understand options...
Sorry Xflat, my post was poorly worded and not very clear. Let me try again. What I meant to say was that any of the following factors is...
Well now, that's a mighty strange way to reduce theta burn. Mighty disadvantageous way to position yourself for lotsa reasons.
The more your options are at-the-money, the higher their IV, and the less time remaining, the higher your theta The more your options are...
I think what Atticus is saying is that if you get far enough along in the learning curve - that is, if you stick around options long enough and...
Yes yes yes. I couldn't agree more. That's why it's so important for an option trader to understand the intuition behind option math and...
Yeah, I guess you could say roughly that short otm calls on cl are akin to short puts on stock indexes in that the wrong kind of disaster and...
Correct. You would be short a CL futures contract at 80, and would lose money when CL goes above 82.40. This is all quite standard. The...
A few people here volunteer their time to answer questions and help steer people in the right direction. But nobody has time to educate a newbie...
The underlying for june options is june futures.
No. As I explained above, the cash vix is NOT used to decide how much an option is in the money. The futures contract is. If the cash vix...
VIX options are exercisable only at expiration. And you cannot buy or sell the VIX cash index. So prior to expiration, the VIX cash index has no...
VIX is fundamentally different from stocks and commodities in that there is a long-term tendency for stocks and commodities to rise in price. The...
As you can see OP - "cash index" means different things to different people. But getting back to your original question, all that matters to you...
If that's true, then you should be able to make money by reverse gamma scalping - selling straddles or strangles and getting delta neutral at the...
OP - are you looking for historical data going way back, or recent data and continuing data going forward? The latter shouldn't be terribly...
Tick data is more detailed than 1-minute data; if you can get the tick data then your charting software should be able to turn that into 1-minute...
The important thing is that at expiration, both the vix futures and options cash-settle to the same price.
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