Options Trading Concepts Live

Exploring Skew: Uncover Price Risks in Options Trading

| Jul 17, 2023
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    Options Trading Concepts Live

    Exploring Skew: Uncover Price Risks in Options Trading

    Jul 17, 2023

    Welcome to Option Trading Concepts Live, where hosts Nick and Mikey entertain and educate viewers about the exciting world of trading options. Join them on tastylive for a live chat session, where you can ask any questions you may have.

    In this video, Nick and Mikey dive into analyzing the current market conditions, which are on an upward trajectory. They give updates on major indices, commodities, and volatility levels, keeping you in the loop about what's happening in the trading world.

    Next, they introduce the concept of skew and how it affects options trading. Skew represents the perceived price risk of an underlying asset, and it's reflected in the pricing of out-of-the-money options. They use examples from well-known stocks like NVIDIA to illustrate how skew can be identified on a trading platform. They even mention the Skew Index and VVIX as handy tools for measuring skew and volatility of volatility.

    As the video progresses, Nick and Mikey field questions from the YouTube chat and discuss different trade ideas. They discuss their plans to trade Tesla and Netflix, they answer viewer inquiries about specific stocks, trading strategies, IVR rates, and much more.

    One interesting topic they touch upon is Apple's upcoming earnings and its monumental climb to the 3 trillion mark. They mention waiting for the earnings report before deciding on a trade, viewing it as an ideal opportunity for calendar and diagonal spreads.

    In addition, they discuss AT&T as an investment, highlighting its high dividend but cautioning against its declining stock value. They point out that dividend stocks don't always guarantee short-term profit, and trading options on AT&T may not be lucrative due to low premiums.

    The video wraps up with Nick and Mikey's bullish sentiments regarding upcoming earnings for Tesla and Netflix. They discuss factors that could impact Netflix's earnings, such as new subscriptions and the ratio between premium and ad tier subscribers. As for Tesla, they mention an intriguing deal the company made with GM and Ford for electric vehicle charging ports.

    Lastly, they address a listener's question about when to sell a put option before earnings. They explain that even though the extrinsic value may decrease slightly as earnings approach, a short put trade can still be profitable due to Delta exposure, which is the key driver of premium changes.

    So, whether you're a seasoned trader or just dipping your toes into the world of options trading, this video is sure to provide valuable insights and inspire you to explore exciting trading opportunities.

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