OBC 83: Pandemic Mail Call Palooza
HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING. NASDAQ HOT SEAT: TONY ZHANG, OPTIONSPLAYMAIL CALL
QUESTION FROM ELLE76: WHAT MATTERS MORE WHEN TRADING WEEKLY OPTIONS - GAMMA OR VEGA? QUESTION FROM DRAKE: I'M CONFUSED. WHAT IS THE DIFF BTWN NDX AND NDXP? QUESTION FROM THOM: THANK YOU FOR YOUR GREAT OPTIONS BOOT CAMP PROGRAM. I’VE BEEN DEVOURING ALL THE EPISODES. I REALLY WANT TO TRADE OPTIONS NOW BUT I’M SCARED BY THESE MARKETS. I WAS LOOKING AT SOME PUTS YESTERDAY AND THEY NEARLY $2 WIDE FOR A TWO-WEEK, 5% OTM PUT. I DIDN’T REALLY KNOW WHAT TO DO WITH THAT MARKET. TRADING ON EITHER THE BID OR THE OFFER LOOKED LIKE A SURE LOSER. DO YOU GUYS HAVE ANY TIPS FOR TRADING IN THESE ESPECIALLY VOLATILE, AND WIDE, MARKETS? THANKS AGAIN FOR THE SHOW AND THE WHOLE NETWORK. KEEPING ME SANE IN MY HOUSE RIGHT NOW. QUESTION FROM VANDANGO: IS IT TRUE THAT MOST PRO TRADERS SHORT VOLATILITY?