Kris Sidial - Flow Rolling Options Gamma

[@kyler7470]

This was a great listen. Learned a lot. Kris is a good dude. Thanks !

[@jasoncbuck]

Glad you learned from Kris, I do every time as well

[@thetagang6854]

Damn this goes down way down into the weeds. Good stuff

[@jeffdafoe]

Very informative and educational, thank you both.

[@jasoncbuck]

Thanks Jeff

[@alexwilliams6779]

Man, this brings me back to my VXX trades and going short vol at first. This was back in 2014, was doing well, then August 2015 hit and wiped me out. I paid my tuition then and that shit taught me a lot about short vol strategies. Jason, keep these interviews going! I love these conversations!

[@IsaacWendt]

Great Interview. Question: Is the following position a good position for a market crash? SPX is currently @ 4200ish. You sell 1x 4200 Put (ATM) for the max intrinsic value and you buy max OTM 2000 Puts @ the closest 365 dated option (why this long? because crashes can take this long and maximum vega exposure with a long-dated option?). At the moment this is a 1:17 ratio. Normally VIX jumps 60 points on avg in a crush-like environment. Because the Vega increase so much it will cover any of your loss from the short ATM put and also you have no risk to the upside and therefore don't need to worry about the upside. On a 10 - 20 % crash, you will have time to either recover from the paper loss or vega will spike and allow you to cover without much of a loss. It seems to work in my small brain but someone please tell me why this is horrible? Of course, you have the fact that you could not make any money for 10 years but if it does crash you will have a payout ratio that will easily cover the lost decade. Second question: Why do you sell against a position compared to just selling the trade? Is there some reason for this? Seems to only add risk?

[@copperfetvlog9818]

Woww good job

[@cptnbrrycrnch5194]

Ive been looking forward to this one!

[@jasoncbuck]

Hope you enjoyed it

[@mangao4334]

When he said no calendar spread to be get face ripped off, meaning calendar for credit instead of short the front month and buy the back month? Thanks

[@nithiskasan371]

psalm:119:97 oh how i love your low meditate on it all day long.

[@jailarge3741]

That vest is terrible lol