Recent content by Option_Noob

I measure Historical IV, Current IV, and thinkorswim has a means of measuring IV RANK with a macro that's out there. I go on tasty trades and look at some of the IV RANKs just as a barometer. My current focuses are 3 symbols..../CL(between 45 and 62.50), /ES(monthly bt 2150 and 2375), and...

I haven't done much with market timing as I have with the upside or downside volatilities. I tend to look for heavily traded situations, rather than news catalysts. I want the premium more than the quick kill, so scalping, albeit appealing, can lose your bankroll faster than being patient...

I agree that credit spreads are small potatoes and 1 direction winners. Id trade iron condors(wide) or the more efficient strangle to capture a lot more premium. Ive read that 45 due is the most efficient use with respect to time decay. As for the premiums, I can't quote a %, bc its...

Basically, I'm collecting premiums and capturing time decay as a result of the Out of the Money direction-less trade. Basically, Short Strangles...you can't lose both ways...its impossible. To sell a PUT and a CALL simulataneously, it's double dipping into the same current situation. As for...

An example of a trade that I am currently setting up is the Feb /CL 45.00/65.00 Short Strangle. This is collecting premium and I want to keep up with the OPEC-related news, so I was hoping someone could advise me to what literature or streams of it are out there so I can do my due diligence. Thnx

Hello All, I'm working on transitioning from Equity Options strategies to Futures Options strategies. I have done my homework and understand the risk management, etc. There are a few things that I plan on doing here that is worth noting, and i'd like some insight. Liquidity, data sources...