tag:blogger.com,1999:blog-18657157.post1597155509576247432..comments2024-02-10T02:17:57.075-08:00Comments on b z b t r a d e r: Qs & IWM Weekly Updatebzbtraderhttp://www.blogger.com/profile/11607843481812042367noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18657157.post-496492543577227242008-09-07T08:07:00.000-07:002008-09-07T08:07:00.000-07:00Hi BZB,thanks for your insights on the last post. ...Hi BZB,<BR/><BR/>thanks for your insights on the last post. I am not trying to just blidly follow your instructions.<BR/><BR/>I earlier had put lot of effort in finding out iron condors for consistent profits. to say the least it creates sleepless nights, so not worth it.<BR/><BR/>Now butterfly - i read in elitetrader somewhere that you should aim to get a free butterfly.<BR/>so try legging into it. Buy the call at support and sell the calls on resistance. I would say try to get as close to 0 or +ve credit.<BR/><BR/>i will try to see how far its doable.<BR/><BR/>thanksBillhttps://www.blogger.com/profile/15926324101467592051noreply@blogger.comtag:blogger.com,1999:blog-18657157.post-84435177418812196082008-09-06T21:33:00.000-07:002008-09-06T21:33:00.000-07:00Another thing Is I'm not sure about the global mac...Another thing Is I'm not sure about the global macro outlook... With the field in Brazil, seeing whats that going to do to the oil markets.... Just too many unknown variables. I'd rather sit on my hands (as I have been doing, even though it is hard sometimes) than take un-prudent risk.GS751https://www.blogger.com/profile/12104712741442133837noreply@blogger.comtag:blogger.com,1999:blog-18657157.post-66033694411972696662008-09-06T18:43:00.000-07:002008-09-06T18:43:00.000-07:00George,Thanks for the insightful comment George. I...George,<BR/>Thanks for the insightful comment George. I'll explore my current bias in other posts next week. I think the current situation with the Qs is unique, which is why I focused on it this weekend. Like you, I'm hedging risk by trading small.bzbtraderhttps://www.blogger.com/profile/11607843481812042367noreply@blogger.comtag:blogger.com,1999:blog-18657157.post-17449603103970205482008-09-06T18:34:00.000-07:002008-09-06T18:34:00.000-07:00When in doubt sell volatility, as long as ur HV / ...When in doubt sell volatility, as long as ur HV / IV spread is nice. A lot of the market makers are getting slaughtered trading this market, because they have under hedged a lot of things. I'd much rather be short theta than directional gamma any day in these market's. When I have been selling volatility thought I am keeping my positions smaller than usual.GS751https://www.blogger.com/profile/12104712741442133837noreply@blogger.com