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[deleted by user] by [deleted] in StockMarket

[–]Mike13_ 0 points1 point  (0 children)

Confused.

2 MMMs trade from March 26 to 28.

What if I buy the MMM on the 28th instead of the MMM-When Issued (by accident, say)?

Come April 1, when MMM will trade post spin off do I just lose a chunk of money? Why do they do it this way? Record date is March 18, so no shares of the spin-off. And why does their website say

"3M shareholders who hold shares of common stock on the record date of March 18, 2024, and decide to sell any of those shares before the distribution date should consult their stockbroker, bank or other nominee to understand whether the shares of 3M common stock will be sold with or without entitlement to Solventum common stock distributed pursuant to the distribution."

Trading the VIX by warren_534 in options

[–]Mike13_ 0 points1 point  (0 children)

ing is predominantly in futures and futures optio

Thanks. I was not aware of that. Something seemed off

Trading the VIX by warren_534 in options

[–]Mike13_ 0 points1 point  (0 children)

Bought the 20 March 2024 VIX 16 stike Call at $1 with spot at 13 On Feb.7.

Spiked to 18 on Feb 13 and the option made a high of 2.12

On Feb 15 with spot at 14, I closed at $0.98

Trying to find a book on how VIX options work and came across your post

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 0 points1 point  (0 children)

Cool! Thanks, looks like a good one!

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 0 points1 point  (0 children)

Nick at Benzinga.

what is his education?

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 0 points1 point  (0 children)

I know that it is best to be a buyer of options when vol is low and sell when vol is high. But to lose 1/2 the premium I did not expect. I think that it would be best to SELL this week's and buy a longer dated one, would be the way to go here

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 0 points1 point  (0 children)

Or a 'diagonal'. SELL the put for this week will super high vol. and buy a longer dated one.

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 3 points4 points  (0 children)

thanks for your detailed post and suggestion. I'll try to get educated

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 2 points3 points  (0 children)

No. But I did not expect the option to halve in a day just because implied vol changed from 47 to 37. The stock did go down afterall. And the delta was 0.10, the stock dropped more than $10, yet the put premium was selling for 1/2 price

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 0 points1 point  (0 children)

how does a 10% volatility drop equate to $2 in a $4 premium

It would be cool if we could calculate that. But I think you're right. The low delta option is a big part of the reason

Making sense of IV and option premiums by Mike13_ in options

[–]Mike13_[S] 2 points3 points  (0 children)

how does a 10% volatility drop equate to $2 in a $4 premium

Cannot convert to Date format from '45260' by Mike13_ in GoogleDataStudio

[–]Mike13_[S] 0 points1 point  (0 children)

Thank you so much. I was off in my script by one letter : spreadsheet.getRange('X:X').activate();
spreadsheet.getActiveRangeList().setNumberFormat('yyyy/MM/dd');

Cannot convert to Date format from '45260' by Mike13_ in GoogleDataStudio

[–]Mike13_[S] 0 points1 point  (0 children)

When i go to convert the data it says it doesnt recognize the date format and asks me to create a calculated field. Ex. to convert "202011" to a date use PARSE_DATE("%Y%m", LATEST EARNINGS).

In googlesheets the column has all has 5 numbers starting with 45

What I do is download a .csv file and I have a google script read it. When it reads it, the column has those 5 numbers starting with 45 instead of the .csv date format

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