PSE Market Maker 1994 Group One Trading Lp. CBOE Market Maker 1994-2002 Group One Trading Lp, CBOT Market Maker 2003-2004 Shatkin Arbor Group (Sole Proprietor) I have been involved in the financial markets for 25 years. Possessing a BA in Economics and English from Tufts University, I ...
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PSE Market Maker 1994 Group One Trading Lp. CBOE Market Maker 1994-2002 Group One Trading Lp, CBOT Market Maker 2003-2004 Shatkin Arbor Group (Sole Proprietor) I have been involved in the financial markets for 25 years. Possessing a BA in Economics and English from Tufts University, I received training by completing Group One Trading Lp's prestigious Trader Trainee Program which involved a year stay in San Francisco trading at Pacific Stock Exchange. Having successfully made the transition from insider market maker to retail customer, I plan on discussing option related approaches to trading volatility in $UVXY where I have a rational and common sense approach to building options positions. I build positions reflect my view of likely future moves while effectively managing the risk of spikes in volatility. I am constantly learning and find that teaching provides excellent opportunities to learn.
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Latest Comments
Jim Cramer Stated That Trading Volatility Was For "Complete Morons"
I think that Jim Cramer is a "complete moron" and when he picks a stock that is often the kiss of death for it...
Short Volatility Strategies And A Word Of Caution
Excellent contributor who is the real deal... It is interesting following Stocktwits and seeing how after only a week of vol expansion so many people saying that vol is never going down again and we are in a Bear market and this is the new normal.. As you point out volatility can expand for extended periods and as you experienced in 2015 many people who are really laying into this when it pops blew out. Execution in the real world in real time is very different from talking about things in theory and people have a hard time pulling back from the minute by minute to look at the bigger picture.
I try to get perspective by switching my charts from the 5 minute view to the 1 year view when we have a big move or spike. This helps me regain perspective. Trading through that period from 2000 -2002 also helps me now to think big picture. Thank you for your bravery in discussing your childhood and personal stuff..
-Dave (aka Famisdave)