calendar spreads in options

kimono by my friend's company :)

this explainer is not convincing my gf

What is a good option analytics software? I want to visualize the vol term structure in 3d and play around with the greeks to build the kind of intuition you have? Thinkorswim doesn't do it for calendar or diagonal spreads.

I’ve seen that shirt in the closet. I left it in the closet where it belongs.

no you have not seen it

A writer has flexibility in the truth

With vix near 15, might be a good time to long Vega with an out money put calendar spread on spx.

could be, idk that's above my pay grade

noob question but what kind of data do you use on the buy side to make statements like: 'shorter dated options are typically sold by end users'? also more generally, what kind of data is needed to figure out what participants are doing with the different parts of the surface?

CBOE has data tagged by customer type and side But more generally, you just have to be involved

yeah that's what i thought.. ty

these explainers are gifts, valuable gifts

aww

Okay, that robe is epic …you know who you look like, right?

aha who

Thanks content creator and influencer!

welcome!

I want that shirt!!

new levels of not give a fuck unlocked: posting opinions in a kimono

@newtwilldie we need to do this

@newtwilldie do calendar spreads or do kimono explainers

What about some Kimono spreads for us Benn, exotics, if you will

path dependent exotics

Best of

On the 2020 mention, do you think it makes sense to trade calendars with maybe using far otms instead of atms, thinking of it like a directional calendar?

yes -- downside put calendar much safer for the example i gave

Thanks for the insight, it's so great. people don't even know how valuable the information is that we're getting free from the industry OG, sir volatility himself, about calendars spreads

🖤

I have a story about doing calendar spread on TASR in 2005.

flesh wound

How much money do you have? 9 figs?

nice fit benn

ty!

Could you speak up, Benn? It’s hard to hear you over the kimono

Thanks for explain this. Appreciate you Ben. Happy holidays

cheers!

Did my post about long Vega short gamma question in the TV series Industry push this topic up for consideration ?

hey! i remember you mentioned that i will have to find it

Please. No more gowns. :)

Awesome explanation on calendar spreads. I've been going about them all wrong for years. You proved most YouTube shills wrong in about 2 minutes. It's clear now they have no understanding of the underlying Greeks and term structure. Thank you for this.

Nice yukata!

@grok Can you explain what was said in this video about Calendar spreads?

What about calendar spreads as a directional play vs a vol play? Like the bet is on the longer term direction and using out of the money near term option to sell against this to lower your cost basis.

If you go long an itm index put calendar, collecting a credit are you positive or negative theta?

Wonderful explanation, thank you Benn

In the example of 1-mo-long, 3-mo-short I am assuming that the position is closed/rolled before the 1-month elapses?

Good video Benn. Thanks for posting

Do you think that implied forward vol is a relevant piece of information in assessing such calendar spread?