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May 4, 2016

Vega Crush Candidates

The first round of our IV crush earnings plays was a resounding success and as there’s about a week’s worth of announcements left in this quarter we are pumped and ready for a second helping. If you’re new to options then I suggest you point your browser to to the first three posts in our ongoing tutorial series on option theory. Once you develop a basic understanding of what we are doing and how, selling volatility ahead of earnings announcements may become another profitable tool in your trading arsenal.

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April 26, 2016

Let’s Crush Some Volatility

If like me you were a Monty Python addict back in the days then you are probably familiar with the phrase ‘And now for something completely different’. As you probably know we’re in the midst of Q2 earnings season right now, and Jay The Executioner in collaboration with yours truly has been on the hunt for potential IV crush victims. To a seasoned option trader earnings season is tantamount to Christmas but four times a year. Because just like moths are invariably drawn to the flickering lights of a burning flame, retail traders can’t help themselves but accumulate overpriced options in hopes of guessing the resolution of earnings reports. And being the [...]

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March 30, 2016

Cooking Up Something New

Scanning through yesterday’s comment section once again confirmed a gnawing suspicion of mine which I had developed over the past year or so: The majority of the people who visit here and even most of the hardcore steel rats who religiously have followed this blog for many years do not partake in the setups that are being posted. Clearly there are exceptions, but if I took a raise of hands today I’m certain that I could count on a single hand the ones who took yesterday’s EUR campaign or any of the juicy futures setups (e.g. ZB, ZM, or ZC).

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July 15, 2015

The Reckoning

For months now we have been watching equities flail around sideways, plotting increasingly spasmodic gyrations which have tested the patience of even the most battle hardened veterans. The recent series of gaps and overnight price jumps have only added to our growing list of evidence suggesting that we are witnessing an increasingly unhinged market. Adjusting to and surviving unscathed in such market conditions has been no easy task but I can truly say that we have negotiated some of the most challenging tape in years like bosses.

But now the time of reckoning approaches and I want you all to take a deep breath, lean back, and detach yourself from daily chaos that has [...]

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Cognitive Bias Carousel
  • Sunk Cost EffectSunk Cost Effect
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Also known … more
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