Option Pit lead mentor and COO Mark Sebastian has two nationally published articles and a podcast out today.
When doing my option mentoring I point out that there are many times where a straddle can seem very "cheap" and still be over priced.
During the PM Pit Report I was asked by one of our Level 1 option mentoring students to evaluate how much the SPX might move after non-farm payrolls in the AM, and what might be the best play if on
When I first began mentoring option traders one thing struck me. The insistence that theta is non-linear almost all of an options decay took place inside the final 30 days of its life.
During the AM Pit Report, and during my first option mentoring session, there was actually a period of time where the VIX was not down enough to cover the change in SPX price.
At Option Pit one of the things we really work with traders to understand is how the volatility curve is moving, not just the VIX.
Check out the feature Mark Sebastian, Option Pit's COO and Director of Education, wrote for Stock Futures and Options Magazine.
In light of the upcoming election, and all that goes along with it. I thought I would post an article I wrote for Expiring Monthly: The Option Trader's Journal.
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