tks for that. yah have to be lucky to get the puts pay out
for the protection. i just need to recover mine with their
decaying value. doesn't iv suck premium out of your puts too if you
buy them before the event? or is it on the call side that iv is
sucked out?
An example I will give you. I bought SLV and SLV call
options (JAN 2021) yesterday. i like SLV long term but gold
and silver have a lot of volatility. This am SLV was not
acting well so I dumped it and bought DSLV but kept my SLV call
because it goes out to 2021. Once SLV bottoms out, I will
sell DSLV (hopefully capture a small gain instead of a loss) and
keep the Call. Or I could have bought PUTS going out to June
and kept both SLV ETF and CALL positions but I decided to
keep the Call option and just play the ETF side.
Yesterday I noticed that the MA ribbon the GDX/GLD ratio got too
wide, really needs to do some reversion to mean come in a bit.
Like I said below gold on daily could be forming a triangle
of some sort or it might need a deeper ABC pullback, either way
that are needs consolidation
I dont know enough about delta and gamma to give a good answer.
When $VIX is high, premiums are high. I look for just
a day or couple of day holds. Unless you buy months out at
the money but then you are holding a premium for a while and in
this back drop I am not doing that.
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tks for that. yah have
Closed the IWM puts and SPY puts this am. ...
Posted by imelhoe on 30th of Apr 2020 at 01:56 pm
tks for that. yah have to be lucky to get the puts pay out for the protection. i just need to recover mine with their decaying value. doesn't iv suck premium out of your puts too if you buy them before the event? or is it on the call side that iv is sucked out?
An example I will give
Posted by ssaffer on 30th of Apr 2020 at 02:08 pm
An example I will give you. I bought SLV and SLV call options (JAN 2021) yesterday. i like SLV long term but gold and silver have a lot of volatility. This am SLV was not acting well so I dumped it and bought DSLV but kept my SLV call because it goes out to 2021. Once SLV bottoms out, I will sell DSLV (hopefully capture a small gain instead of a loss) and keep the Call. Or I could have bought PUTS going out to June and kept both SLV ETF and CALL positions but I decided to keep the Call option and just play the ETF side.
Yesterday I noticed that the
Posted by matt on 30th of Apr 2020 at 02:24 pm
Yesterday I noticed that the MA ribbon the GDX/GLD ratio got too wide, really needs to do some reversion to mean come in a bit. Like I said below gold on daily could be forming a triangle of some sort or it might need a deeper ABC pullback, either way that are needs consolidation
I dont know enough about
Posted by ssaffer on 30th of Apr 2020 at 02:03 pm
I dont know enough about delta and gamma to give a good answer. When $VIX is high, premiums are high. I look for just a day or couple of day holds. Unless you buy months out at the money but then you are holding a premium for a while and in this back drop I am not doing that.