
Always nice to chat with Rick. Here's my segment from @CNBC today from the @Cboe floor. 🥐
Henri
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@HPierre_
“The more I learn, the more I realize how much I don't know.” ― Albert Einstein

Always nice to chat with Rick. Here's my segment from @CNBC today from the @Cboe floor. 🥐





Karsan making a pitch for ODTEs in this IV environment so options with high Vega (like 30DTE) are more at risk of losing value as IV drops. Zero DTE (ODTE) options are better right now because they have almost no Vega. That means they’re not as affected by changes in implied volatility. So you can trade based more on actual price moves (delta, gamma)—intraday price action. 30-day options have high Vega, so when IV drops (reverts to the mean), those options lose value even if the stock doesn’t move. Vega measures how much an option’s price will change when implied volatility (IV) changes. •If Vega is high, the option’s price is more sensitive to changes in IV. •IV reflects how much the market thinks the stock will move—higher IV = higher option premiums. @jam_croissant latest podcast is a must listen.

$SPX #MDFS @tony_mansour isn’t available but @iV_trader should be there 1245EST twitter.com/i/spaces/1AGRn…



$SPX Morning update How I saw the day -in premarket, longed 6554 into 6580 with some ES; Neutral right now but would like to see fade from higher. 0DTE from @OptionsDepth -Large Put credit spread at 30/25 Gamma surface @ConvexValue -Floating right on the cumulative flip area.








