Humble

Yes, we stay with 10k. I will try to make more "unofficial" trade ideas for larger portfolios.

Not only he selected 5 random stocks (which among the worst for this strategy) and random time to enter - but he also tested it with Future ATM straddle. Are you getting it?? He gives an example of AAPL trading at 92, and if you knew it would be at 94 before earnings, you would buy 94 straddle. I couldn't believe it, had to watch it few times.

Take a look: I debunked tastytrade studies many times. We will let them to do their studies and will continue making money with real trading, not theoretical studies. We prove the sceptics wrong every day - just look at our performance page.

Did you look at ONE software?

We have a dedicated subforum for Futures Trading. Lets use that forum for any futures related discussions. Just open a new topic and post any relevant information there. I think it will be very useful to many members.

No, that's a different product.

Actually,no. Not even close. Nobody would provide you one on one mentoring for $100-200 an hour. Not worth the time and effort. Take a look - https://capitaldiscussions.com/mentoring 12 sessions for $4,997 - that's $416 per session. Or individual sessions starting at $347 per session. https://www.smbtraining.com/blog/options-mentoring-with-seth One session is $500 7 sessions for $3,00 - that's $428 per session.

In my opinion, the return is too small, the margin is too high and the risk is too high. If you want to short those options, calendar is a much better choice.

This is not entirely correct - https://tastyworks.com/commissions-and-fees.html Those fees apply to BOTH sides, buy and sell. Exercise and Assignment $5 Options Regulatory Fee $0.0415 / contract FINRA TAF4 - Option Sales $0.002 / contract Clearing Fees - Options $0.10 / contract

1. No because it is different strikes and expiration. 2. One per leg (so two total). 3. No. I think it might become an issue if you do it too often, but once in a while shouldn't be a big deal.

Answered on another topic (not sure why you had to post twice).

I would definitely welcome it.

Mentoring Program

We will notify all registered members

Thank you @Djtux, great enhancement! 2 comments regarding the default values (and I realize they can be changed by the user, but I like default values to be as realistic as possible): 6.5% credit might be too optimistic. I know this is what we aim for, but many times we get less. And even more importantly, we usually don't let the shor strangles to expire worthless, but close them for ~0.03-0.05 per leg. That would reduce at least 10-5% from the credit (you sold the strangle for 0.65 and closed it for 0.09 means you get 5.5% and not 6.5%). Two days should definitely be changed to at least 4. To me, selling strangle should be at least a week in advance, but Monday is the absolutely latest I would do it. Otherwise you just don't get enough credit, and it is better to go to the following week.

Thank you @Christof+! this is a great addition to our resources!

Absolutely, and thank you for your interest.

I think it's a good idea.

Sorry, I misread the "start date". Maybe make the start of the chart configurable? I agree that seeing few days prior the current date might be useful, but many times it would help to see what is the downsize from the current levels. You can obviously calculate it manually, but..

Yes, was going to ask the same question. Default start date is the current date, and yet the chart shows few days before the current date.

Yes, I think I understand what you are trying to achieve. So the blue line tells you how much on average earnings straddle would lose in xxx days. This is basically similar information that we have in RV charts. Lets say RV shows average decline from 5% to 4%, your chart will show decline from 1.00 to 0.80. Correct? This is good - don't have to calculate it manually. But what does comparison with "normal" (non-earnings) line tell you? For example: Stock xxx shows blue line declines from 1.0 to 0.8 and yellow line declines from 1.0 to 0.5. Stock yyy shows blue line declines from 1.0 to 0.7 and yellow line declines from 1.0 to 0.6. Which stock is better? The "delta" is more favorable in stock yyy, but I think stock xxx still provides better value. Also, with stocks reporting closer to end of the week (Thursday), the yellow line will always lose much more percentage wise because it's all theta (no earnings IV), and theta 1-2 days to expiration is much higher. So again, it might be a bit misleading to compare blue and yellow lines between stocks that typically report on Mondays and stocks that typically report on Thursdays.

No, please do. Personally I'm not very clear how to use it and how beneficial it is (for the reasons I explained), but additional data points never hurt.

So when the blue line goes below the yellow line (like around Sep.26-29), that means that straddle not only losing value, but it is losing value even more than "normal" straddle without earnings?? That doesn't make sense. We know that there are periods when straddle would lose value, so IV increase does not compensate for theta losses, but it is very uncommon for s straddle to lose value even more than straddle without upcoming earnings would.

Ok, so by "under normal conditions" you mean if there are no earnings? But why is it even relevant? The whole point is that there ARE earnings, and we know that IV WILL go up - we just not sure if it will go up enough to compensate for theta. We know that for IBM for example, straddle might lose up to 20% if entered now without short strangles. This is what matters, not how much it would lose if there are no earnings.

So in case of IBM, yellow line forecasting 60% loss (from 1.0 to 0.40)?