Discover and read the best of Twitter Threads about #Vega

Most recents (6)

🧵⭐️ Have you ever noticed how the stars twinkle in the sky? Did you know #Indigenous people use this phenomenon for a wide variety of applications?! Image
#Twinkling - called "scintillation" in Western science - is caused when distant #starlight is impacted by our atmosphere, causing it to change in brightness as it reaches our eyes.

The rate of this flickering is related to wind speed and turbulence in the atmosphere. Image
For #astrophysicists, it negatively impacts the quality of telescopic data. #Telescopes are placed high on dry, clear mountaintops to help reduce this. Image
Read 21 tweets
Las lomadas y barrancas fueron valles fluviales, con ondulaciones suaves, en un terreno que erosionó el agua.
De N a S: #Medrano, #Vega, #Maldonado, Tercero del Medio y del Sur: huellas de los cursos que desembocan en el Río de la Plata, hoy entubados.
lanacion.com.ar/buenos-aires/l…
"Los bordes de cada cuenca están delimitados por las máximas alturas porteñas.
Se perciben, por ejemplo, yendo por la Avenida Directorio, a la altura de San Pedrito o de Carabobo, donde se describen distintas lomas."
"Sabemos que las alturas del Lezama delimitaban a los arroyos Tercero sur y del Medio; junto a las alturas de Plaza San Martín, también el Tercero del Medio; la barranca de la Plaza Mitre marcaba al Maldonado y el Vega; el punto más alto queda en Devoto, demarcando al Maldonado."
Read 5 tweets
(1) So let me try to write something down on #options, more specifically #LEAPs (Long-term options).

Options?

Options give you the 𝗿𝗶𝗴𝗵𝘁 to buy (call) or sell (put) an underlying asset (= stock/ETF) at a fixed price (= strike price) up to a spec. date (= exp. date).
(2) Premium.

Ofc. options aren't free. You'll have to pay a premium for this right. Important to keep in mind is the multiplier, which often equals to 100 (every option covers 100 of the underlying shares).

𝗣𝗿𝗶𝗰𝗲 𝗽𝗲𝗿 𝗼𝗽𝘁𝗶𝗼𝗻 = 𝗽𝗿𝗲𝗺𝗶𝘂𝗺 * 𝟭𝟬𝟬 (+ 𝗰𝗼𝘀𝘁𝘀)
(3) Pricing
Options pricing is determined by the four greeks (separate thread in the future). Important to take into account is that options will be more expensive if:
1. Your expiration date if further out (#theta).
2. The closer the strike price lies near the asset (#delta)
Read 13 tweets
Decent Week. Decent Gains. Sharing my #Banknifty strategy for learning purpose. The below positions and P&L are only for reference. Actual trades were done in my account, but would not share actual P&L Screenshots here.
2. What you see here is a Double Calendar Spread modified to follow trend of the market. If the market is non-trending and stays within 0.5 sigma (standard deviation), it gains due to positive #theta or time-decay. If the market is trending on one side, #gamma gets active.
3. I should have captured initial #Greek positions also, that would have given a good perspective on how the strategy was planned. Will do it next time.
Read 9 tweets
#Straddles vs #Strangles ( Sell only )

These are the most common #Options strategies when one would start with #OptionsTrading.

Let’s understand from a broader perspective what’s the difference between these two.
Would not like to discuss the construction difference between them if you don’t know stop trading #options

#Straddles

You get higher premium so pnl would be higher compared to #strangles

But from where are you getting higher premiums is that your selling 0.5 #delta.
So probability of one going wrong is always 50% so to simply put one side is goin to get stuck in a #straddle but then market tends to #flucuate a lot so there is always the case of #meanreversion if you have selected the #strike rightly.
Read 14 tweets
#Option #Greeks Simplified

#Options are definitely more complicated than equity or futures.

Their prices don’t just go up and down.

They also fluctuate based on things like #time, #implied #volatility and #underlying stock movements.
#Options #Greeks Are Simply Mathematical Shortforms

Most of you would remember from school that mathematical formulas sometimes were #Greek letters like Pi and #Delta. The same is true for options.

Don’t let them overwhelm you or scare you.
They’re simply #mathematical words to explain some very basic principles.

#Greeks Describe the Behavior of #Individual #Options

Each #greek can help predict how it will behave under different circumstances and how options prices would change.
Read 22 tweets

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