Episode #48: Former floor trader & professional options trader gives his favorite options strategies, talks time on the CBOE & partying in VIP next to Jay-Z
Confessions Of A Market Maker
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Option Strategy - Is Chris All Buying the Options?
Chris: 90% of my trades come from unusual option activity. If you want to go in on the cheap, you can do like a vertical spread. Most people don't quite understand how theta and vega work. They only apply to extrinsic value, not intrinsic value. And it kind of reduces that. You'll pay more dollar amount, but you'll have less data and less vega if that makes sense.
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