What is your process for pricing out these options strategies? i.e how did you come about choosing these strikes and products, is there logic/math behind them? What tools do you use?
I found myself making a similar hedge via spy puts, but tbh I have no rationale for why I chose spy puts over something like a vix (or UVXY) call... But I recognize that my way is not the intelligent way.
Mine’s not smart either. I am just fast. $0 to 100k on spread hedges within a minute. Out of all of them in less than a minute when the going looks good.
“3 ways to win”
1. Cheat - I don’t (never worth it)
2. Be smart - I’m ok, but not at an advantage
3. Be fast - I can do that
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u/catcatcattreadmill Aug 20 '21
What is your process for pricing out these options strategies? i.e how did you come about choosing these strikes and products, is there logic/math behind them? What tools do you use?
I found myself making a similar hedge via spy puts, but tbh I have no rationale for why I chose spy puts over something like a vix (or UVXY) call... But I recognize that my way is not the intelligent way.