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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks for such a prompt reply. Sergei
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks for writing this great post. Maybe I was not clear enough but I was not asking for a specific advice when to exit from my current trade. I was more curious how would you interpret my current position : as a single lot or a double lot M3 ? This is crucial not only for profit...
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    How to create an Excel table containing butterfly prices

    Kevin, I have started learning M3 about 2-1/2 months ago. April expiration is my 2nd cycle of live M3 trades. Right now my current M3 position has 2 DIMC and a combination of 14 short and 14 long puts. We have about 23 DTE and I am ready to start exiting this trade. Initially I started Apr...
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks for your very insighful post. Your contribution to this forum can not be matched. I hope you will never lose your desire to share your experience and knowledge with other students of market neutral option trading. It is very helpful to have a chance to ask questions and get...
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks for looking into this and giving your very helpful advice. It also didn't make any sense to me to have $75000 risk on 990P/940P credit spread which I could eliminate entirely for a small debit. I played with different configurations and ended up with this remaining position as...
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    How to create an Excel table containing butterfly prices

    Kevin, I would like to ask your opinion if my current Apr 16 M3 consisting of 2 lots looks healthy to you. As you said in your previous post, all greeks for a combined position look good but Vega is positive for lot 1 as RUT trades almost 40 pts outside right leg. I am still trying to decide if...
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    How to create an Excel table containing butterfly prices

    Kevin, many thanks.
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks for your excellent as usual explanation. For my personal development I will keep daily track of greek changes for all my individual components. After you showed how to download this data from OV and process with pivot tables, it is very easy to do. One more point I would like...
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    How to create an Excel table containing butterfly prices

    Kevin, After watching your interview with John Locke , I am under impression that you manage your whole monthly campaign as one large position regardless of the fact that you open different tranches at different times. Please correct me if I am wrong. I watched many episodes of CD Trading Group...
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks.
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    How to create an Excel table containing butterfly prices

    Kevin, I watched the episode of CD TG 2 session where Ron Bertino at great length discussed a volatility skew effect. During this session he mentioned the article which Dan Neagoy wrote on Dec 3, 2014 in his trading blog...
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    How to create an Excel table containing butterfly prices

    Kevin, I do not want to be a pig and hope it will not be too much to ask you to make a short video where you will show how you collect, process and interpret volatility skew data. A couple of examples where you adjusted because legs were in wrong place would be a great help for anyone who is...
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks for your prompt and very detailed reply.
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    M3 - The best strategy?

    The round table with Tom Hughes was on November 19, 2015.
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    M3 - The best strategy?

    The very important difference between any ATM and OTM strategies: The further your shorts away from ATM, the less likely you are to lose but also the less likely to make any large profit, unless you are lucky and the market moves back inside your tent at the right time. The closer your shorts...
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    Fooled by Randomness

    Kevin, TA works for sure as all algorithmic trading is based on some form of TA. I remember from the recent interview of Emanuel Derman that he said that over 50 % of all trading volume is done by computers nowadays. He also said in the same interview that a retail trader has almost zero chance...
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    OptionVue's VXX Trading System

    David, This is a very good article about the Roll Yield of Volatility ETF/ETP. http://seekingalpha.com/article/1421431-unraveling-the-vxx-roll-yield-riddle
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    OptionVue's VXX Trading System

    This website used to follow 24 different volatility strategies: http://volatilitymadesimple.com/blog/ Does anyone have an access to Trade Station or other back-testing software and could run a quick automated back-test for this very simple strategy for period from 2010-2016 ? 1) Go long...
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    OptionVue's VXX Trading System

    I second what Dan says about the drawdowns. If you ever decide to trade volatility, you have to be open-minded and be ready to experience a 50 % drawdown in 3-5 days. Therefore, the only solution to sleep well at night is to trade very small and allocate max 1 % of your net worth to any...
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    How to create an Excel table containing butterfly prices

    Kevin, Many thanks sharing with members of community various nuances of your trades. Watching your January presentation on JL site was very inspirational for me . It really motivated me to stop looking for next best thing and put most of my time and efforts in learning M3. The more videos I...
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