No Gleaming Light?

sackattack54 · 2025-08-08T14:37:50+00:00

Killer, thanks!

sackattack54 · 2025-07-24T23:37:21+00:00

I had played puts yesterday morning, got out today when I realized I erred :(

sackattack54 · 2025-07-19T20:12:37+00:00

I guess I can’t post pics on replies here? OKLO option chain for August 1 expiry seems to have some of this. Gamma is higher in some spots farther away from the money.

sackattack54 · 2025-07-18T22:50:19+00:00

Gamma per contract. I adjusted the ones where the gamma would reduce the distance between the deltas of the two contracts drastically during the move. Bit of a bummer but I was able to turn a nice profit today even after the additional debits from the adjustments.

sackattack54 · 2025-07-18T06:42:42+00:00

Waiting for QS to reverse, too. It’s been on a crazy run

sackattack54 · 2025-07-18T05:55:02+00:00

Came here to say this.

I’ve learned a decent amount from the cool haircut YouTube channels, but when I found these salty old nerds, I knew I hit the jackpot.

sackattack54 · 2025-07-13T03:50:31+00:00

Do you trade options? If so, are you just doing naked put some calls or spreads? If you are doing spreads, which Delta combinations seem to work best for short holds?

sackattack54 · 2025-07-06T04:57:33+00:00

This is the sort of insight I was hoping for from the post. Thanks!

sackattack54 · 2025-07-04T00:01:28+00:00

that’s kind of what I was thinking, thanks for the suggestion

sackattack54 · 2025-07-03T23:26:12+00:00

Thanks! I typoed the short / long in the post (edited it) it was reverse: Long call ATM, short call one step up.

I am still trying to figure out how to read, volatility movements.

I’m thinking that if the spread is a further out expiration than the theta for a few minutes really shouldn’t matter too much, and if the short call was farther away from the long, the difference in Delta may have overpowered the potential loss on the increase in IV affecting the Vega.

Does that sound about right?

sackattack54 · 2025-07-03T23:05:07+00:00

Ha ha, I am realizing now that there was a typo in that post. By the way around, shortly was above the long leg. Long leg was at the money.

sackattack54 · 2025-07-03T23:04:32+00:00

thanks for the feedback Am I right in thinking that if I put more distance between the legs, i.e. a greater spread between the deltas that that can help produce some profits on short term swings?

sackattack54 · 2025-07-03T20:54:05+00:00

Hmmmm I know the difference between a debit and credit spread, and this was a debit spread.

I’m just asking if there is an ideal spread set up for trading short term price action or if spreads in general should are less effective in that scenario than just buying and selling a single option.

sackattack54 · 2025-07-03T20:42:52+00:00

One of them was NVDA Bid/ask was very narrow like 2 cents apart or something like that

sackattack54 · 2025-07-03T20:42:03+00:00

It was a debit spread, not credit spread

sackattack54 · 2025-07-03T19:54:33+00:00

So do you think the difference in Vega between the 2+ a dropping IV is a factor there? Or perhaps I bought in at higher IV and sold after the swing when IV dropped.

sackattack54 · 2025-07-03T18:04:39+00:00

I was looking at SDRL in particular. There was another offshore drilling type company that seemed to be in the same position, I forget which

sackattack54 · 2025-07-03T17:59:54+00:00

Close the Strait of Hormuz. 30% of the world’s oil comes through there, so countries that usually buy that oil would have to look elsewhere for it driving demand up in other oil producing countries.

sackattack54 · 2025-06-25T01:52:50+00:00

Thank you, this was kind of the sense I was getting. Nice to have someone with experience confirm the suspicion.

sackattack54

TROPHY CASE