This is going to be a quick drive by post as I have my second crypto trading masterclass scheduled for tonight at 4:00pm Eastern. Be there or be square! Anyway, yesterday’s drop in equities at first look like the real McCoy but then – true to form – yet another floor materialized late in the session.(more…)
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As you may recall I hosted my first live webinar last Sunday. Never having done a live online session I almost soiled myself in the first few minutes as I was more nervous than a long-tailed cat in a room full of rocking chairs. After about two slides I loosened up a bit and we ended up having a lot of fun.
Based on the responses over the past two days it seems to have been well received. The next one is scheduled for Wednesday at 4:00pm Eastern. Here’s the Zoom link: https://us02web.zoom.us/j/87572825035
In case you wonder, no I didn’t just pull that one out of thin air, and yes it’s a real thing. In fact vomma is officially listed as one of the option Greeks (check it out over on Investopedia). And it also happens to be one of the more exotic indicators of implied volatility that is very carefully monitored by professional option traders. And let me assure you that they are ALL keeping a very close eye on it this very week. But why?
First let’s understand what vomma is and why we should care. The concept is actually quite simple. You may recall that gamma measures the rate of change in the delta of an option with respect to changes in the underlying price.
If you didn’t know that then don’t fret – it’ll all make complete sense to you in a second.
Basically vomma measures the rate of change in respect to changes in an option’s vega, i.e. implied volatility. So while the VIX – or by extension vega – measures the expected movement in the S&P 500, vomma measures the expected movement in the VIX. That’s the key difference.(more…)
I don’t know how exactly but Convict Scott (friend of the blog and T.K.’s debt enforcer) somehow talked me into hosting a live webinar series on the crypto trading system we’ve been putting together over the course of the past year, and then traded from $70,000 to slightly under $1M since January. And we can show you the account to prove it. Exact scheduling is still being worked out but barring any technical show stoppers the plan is run the first webinar sometime this weekend. Sign up to my Facebook group in order to be notified.
To whet your appetite, here’s a short intro with a few highlights. This is going to be a hands-on seminar solely focused on getting you up to speed on trading crypto. It doesn’t matter if you don’t know anything about the blockchain or which coins to buy.
Scott and I wanted to put together a system that allows you to start banking coin immediately without relying on luck, tips from idiots spouting opinions from their mother’s basement, or go through what I had to do, which was to spent months of my time compiling and disseminating a mountain of quantitative research.(more…)