More option videos posted

Did a couple livestreams this week explaining a silver options strangle that I covered and a bitcoin ratio put spread I put on.

Post-mortem of silver strangle

In this video I step thru the source of profits for a silver option trade.

We talk about:

• why I sold the strangles and then why I covered them
• implied vs realized volatility p/l
• the premium volatility in silver futures options vs SLV options and how assets can be decomposed into a volatility on an underlying but also volatility of a risk premium
• the divergence in SLV vs silver futures price Ari's article that I referred to regarding realized vol sampling discrepancies: A 2-D snapshot of a 4-D happening

Understanding the risk of an IBIT ratio put spread

In this video:

• see how greeks are useful to understand local risk
• learn how to "age" a position and shock the stock and vol to project p/l and greeks
• understand the interaction between greeks, vols, time, and moneyness
• discuss the trick of imagining extremes to comprehend how changing market parameters effect your greeks I also share my view on BTC which you should definitely take with heaps of salt