VEGA

MoistAd4952

70-90 DTE? Why? You give more room for VEGA to screw you… Theta (which is your best friend) have zero effect 

iiGoodVibesii

of course he isn't at his breakeven.. But with a 5/29 expir, and with VEGA flying, I felt like it's possible for him

iiGoodVibesii

is he in profit now? with VEGA, for his 1k strike call?

ChairmanMeow1986

So I'm going to try and explain it to my understanding of what I think I saw happen, including mechanics. \------------- 1. The blockade of the straight of Hormuz Oil shock and Oil infrastructure. Yes there was an initial market reaction to the war, but you even saw defense stocks rally for a second. Pull up LOC, LMT, RTX, and SHLD with a comparison tool they were rallying on tensions Feb 25th to March 2 (they made a nice move up in concert), but than the straight was closed and more and more Oil infrastructure started getting damaged. So you have a global supply shock to one degree or another as Oil (et all, lots of important stuff flow through their) so increased cost and other second hand economic disruption cost (i.e general inflation/growth slow down) to one degree or another across the globe. So it becomes a question of how bad this is going to (mostly how long will it last). 2. Obviously the market grinds down the longer it lasts, the worse it will be and the chances of more infrastructure damage (long-term disruption increases). This went on for 6 weeks, culminating in the US Admin threatening to 'destroy a civilization.' Think there is some military axiom that goes something like, 'if you want to see how hard men can fight, give them nowhere to retreat.' Also, one that goes something like 'if you kill the generals there is no one to negotiate with,' but I digress. 3. Retail, Institutions, hedge funds reacted to this (and I forget if it was the S&P500 or QQQ that entered dipped into a correction, by definition) this realized decline of price and market cap over weeks. Retail might capitulate, buy puts, generally hedge risk in some way(maybe reallocated to dividend earners, whatever). More sophisticated, or at least larger, market participants are actively managing as price moves down and risk increases. The thing that is the same for all though is sentiment is in the dirt if not offal. \-They end up positioned for downside. If people are buying puts into a correction, it's a wide spread and market makers charging out the ass or not providing liquidity on longer DTE's and are cushing the decline after a certain point by wanting to by shares to remain delta neutral if there is a heavy concentration of sold OTM contracts below spot price they need to hedge at that level. \-Other Participants, particularly hedge funds, sell shares short. That is they pay a borrowing cost mostly to the brokerage (some to the individual entity that actually owns the shares). This is a completely different dynamic to the role puts play mechanically. So what first happened is as fear eased and spot price increased it became riskier and more costly to pay the borrowing fee so shorts closed. That means they had to buy actual shares to close their positions. That accelerated the relief rally, i.e the shorts got squeezed to establish upside liquidity. This was supported by the questionable, but continuing improvement on the possibility of resolution to an extent. Much more so, imo, by the underlying strength of the on-going earnings reports from the US. \------------ So not necessarily a bubble and this market move is not 'because people are buying calls.' What you think happened was a gamma squeeze, that's different. Look at it like MM hedge within a range (you can look at that like put/call walls for the most part (or more accurately, if shorter-term, the bid-ask spread). The range (especially short-term) will move up and down / widen and contract depending mostly on price movement and RV (realized volatility- often speed pricing effecting IV/VEGA at different DTE's, depending on ITM/ATM/OTM). For a gamma squeeze you want repeated unexpected good new/resolution of risk to push spot/trading price outside that range quickly and repeatedly in one direction. That creates negative gamma exposure for someone (usually MM's) forcing them to reinforce the move for short time at least. That actually seems very unlikely to me at this point and I think we are at a consolidation/slight re-tracement period (if dips get bought) imo for hot parts of the market. I'd like to see some broadening out and reshuffling from hot sectors to judge continuation in the next month I guess. Good sector/industry action imo.

Full_Pear449

Traded 25+ yrs for a TOP 3 Primary Dealer, so I do know ALPHA, BETA GAMMA, THETA, VEGA, RHO. BETA is the formula used for HIGHLY Speculative securities. Also, Gamma as it relates to squeezes, or my best one is CHARM. Our Junior's use to have lots of fun figuring short interest ratios vs days to cover vs borrowing cost. They generally had Sheet's @$100mm and 10% of that sheet was for this specific topic. It was a 6month contest that they all had to participate in and keep exacting notes to verify their analysis.

I_am_Nerman

VEGA

Krammsy

For all intents & purposes, SPX/SPY Vega is the equivalence to VIX Delta, You could buy cheap near strike OTM VIX Puts while increasing Vega, if there's an overnight plunge both IV & Vega will outperform the diminishing Delta of the Puts, inversely the PUTs will outperform VEGA as their Delta with higher near dated Gamma increases, OTM to ITM options experience the largest increase in value, especially near dated, but they're high -Theta. The trick here, being short enough Theta to pay for those puts.

Auriokas

I would not be so sure that this move is "safe one". Better wait for it to show reversal signs and only then start buying LEAPS - historically META might free fall way further than 20%. What if overall market will enter correction? you have no guarantees that it will manage to Hit your break even price at this point because now it shows no reversal signs at all. Few more things to consider while buying leaps - if you buy when stock is falling you are paying bigger price for bigger VEGA (stocks by default has bigger volatility when falling then steadily rising). Wait for first higher low and even consolidation afterwards. In that case you ll be more sure, that it's rebounding (easier to time), as well as you will not overpay for Vega.

Alone-Librarian2368

VEGA is the highest for long dated option contracts. Do what you will with that information.

ChairmanMeow1986

DOn't know why you got down voted, it's a solid diagonal spread. The DTE and difference between two seems unaimed and fairly arbitrary, but with the sheer length of it I see no reason you couldn't exit both parts profitably in the time frame. I'd say the best way to mange this trade in the time-span (on a long term bullish sentiment) would be to convert it to a PMCC. The strike difference definitely allows that. You just need to buy a longer dte call that has a lower strike to cover than what you sold, wait for the price to decline or VEGA/IV to settle and you have quite awhile to close out the 7/26 460$ for profit before theta really becomes involved. This is what I'd do to exit, so much time, volatility and risk to play, it's active management or trying to exit for sure though. I think your probably fine here, newish?

Straight_Turnip7056

THETA, VEGA!! Learn it!

vdc_hernandez

Vega is the Greek that represents how the price of an option move given a move on IV, now, IV changes when the option price changes, in a black scholes model, it is S D(T) * N(D1). Now if you go further D1, depends on price, so at the end of the day… VEGA DEPENDS ON Price, volatility, interest rate and strike. As the only thing that moves there is price… guess what? It is a sensitivity on price movement (not linear tho), probably a 4th order (squared of the square). So that’s the difference of book smart vs. an experience person using the actual Greek.

Ultimus_Omegus

The main edge when it comes down to option trading is selling or buying when volatility is high or low. VEGA Is your greatest edge because being right on Vega can outpace all the other Greeks combined. I typically like to sell options, and I do utilize different strategies at different times. I would say my main option strategy is selling a put and or call (strangle if both on) on products when they get to a high vega.

Mclovin32cm

Any thoughts on VEGA-3 from Opus genetics ? They have till 30 of June to publish and everything aims that its going to be positive, maybe +300% in the first hour.

Parking_Note_8903

"best way" is relative to what your end-goal for your trade is, compared to your risk vs reward profile. no one can answer that but you Do an ATM STRADDLE for FRI EXPIRY to see where the BREAK EVEN strikes are, and use those to make your STRANGLE... which could also build into an IRON CONDOR and let THETA eat with VEGA Why would this post get flagged?

Parking_Note_8903

IV = IMPLIED VOLATILITY IV CRUSH meaning the IV in the VIX contracts come 'crashing' down, IV / VEGA has an impact on option premium price, which is why all contracts have been more expensive as compared to just a few weeks ago.

short-premium

At one point i thought of not responding to you because of the below par, zero-knowledge comments you have been making. Anyhow. I started the post by saying its a short put spread. so you should look at the trade from that perspective. A short option position is opened by putting some money down a.k.a paying a certain amount. second, once you open a short option position, you collect the credit, in this case $130. and where did you get 12 delta strikes from? no idea where you get these numbers from. look at the table again. i have +ve THETA and +ve DELTA and -ve VEGA. all 3 makes sense if you have a short put spread. how is theta not in my favor?

_GregTheGreat_

VEGA GANG WINS AGAIN WITH RDDT 🤑🤑🤑🤑 Scared me for a second ngl but still 40% profit in 3 days

aManPerson

also, tail expansion. you need to look at all of the greeks. delta and VEGA (volatility). as vix goes up, strikes that are further away from the current price, will increase in value FASTER then ones that are closer to the current price. it can look like you are fine, and then a vix spike and a price drop can make your option WAY shoot up in value. i like way OTM too, but this can catch you off guard if you are not planning for it.

WPG_Strong

MMMMM i don’t want to be a downer but that’s pretty OTM tbh. if i buy that OTM its usually on calls 6 + month out and at a strike price the stock has historically hit in the past already as a precedent. META would have to go $50+ over their ATH for those calls to play out. there’s also no catalyst or earnings that would drive something that high… calls 2 months to the strike date also start getting chewed up by IV and VEGA fast that being said, scared money also doesn’t make money

Ltag

VEGA bombs* Get it? Cuz options

Greedy-Geologist6285

Usually, they are available within your trading platform. You can also do your research and implement this in Python or Excel. If you need some help with this I can recommend some books or post the formula for the VEGA here.

NOT_MartinShkreli

Sell on VEGA advantage. Jesus (it happens the day of / before earnings, regard) https://preview.redd.it/3r2nre83eznd1.png?width=1619&format=png&auto=webp&s=bef6887554bb2489ba40dd1b89d0a3885aeffd40

InsuranceGeneral778

No loans for me big dog, I’m on the #Roadtoo10k From my start up capital. scaling with my 20-20-20 rule 20% of portfolio per contract, 20% risk and 20% gains, HIGH DELTA, LOW THETA, DECENT VEGA, high open interest, high volume, good market caps, IV between 50%-100%, Quarterly earnings, good & bad news from google, open insider, high options volume, buying in higher premiums and scalping my profits with in a day or 3, all while eyes Barchart for options percentage in calls and puts

VolatilityVandel

Profits are meant to be taken whenever provided. Meaning, as soon as an option produces profits it’s to be taken. Waiting a year and beyond just ensures it becomes a loser. The longer you hold any option, no matter the DTE, the more you are likely to lose. Options by design are meant to be traded on momentum and volatility. While it be possible to hold and produce a profit, again, not only the profit decreases because of time decay, but also because of a reduction in volatility (VEGA). Vega is something many “directional options traders” overlook- the fact that volatility also affects price. IJS.

VolatilityVandel

Lol. How are they in disagreement with each other when IV can be exploited by momentum and volatility trading 0DTE? If a trader is buying or selling 0DTE options, they’re trading on the daily volatility (momentum) of the underlying- in particular $SPY. You can’t day trade any underlying and not be trading on volatility because volume produces volatility and day traders inherently need volume- volatility. OAN: If you’re not considering the volatility of options (VEGA), then you’re neither considering the fair market value of an option nor the actual value of the option. I find it redundant to focus on how fast price can change (DELTA) without even considering the pricing of the option (VEGA) and whether you paid FMV. IJS.

VolatilityVandel

I wholeheartedly disagree. Each Greek is no less important than the other but if I had to single one out as being crucial to understand it would be VEGA. Delta would be the least important because it’s just the rate at which price changes. Most of you all trade later DTE (don’t know for the love of God why) so Theta isn’t necessarily a problem. IMO, because Vega has more of an impact on the price of the option, it’s arguably the most important Greek to understand. I say that because depending on when you buy the option is important. Let’s say you buy an option at opening bell when volume and volatility is high: That means you purchased the option at a higher premium. When the volume and/or volatility drops so does the option’s value. It’s specifically for that reason I only trade 0DTE. Because when a later DTE goes negative it takes even more volatility just to get back to zero. Thus, when those options go red they rarely ever recover and become profitable again. Understanding how VEGA works will allow you to produce more profits because instead of losing to Vega you can use utilize it to make money. There are options strategies dedicated to taking advantage of difference in IV vs RV.

Status-Property-446

If you are going to trade options you need to understand them. It would take you a couple of hours to learn the basics of the Greeks. Without a doubt, you are missing a LOT of opportunities by not understanding how the Greeks relate to options pricing. I am doing earnings release trades and it is essential to understand the potential IV (Implied Volatility) crush and what will happen after the release based on VEGA. Understanding Delta is important when deciding on a strike to trade. For my earnings trades I am shooting for 40%+ overnight returns so yes, there are opportunities you are missing.

youarenut

Here are my positions so you guys know if I’m going to buy $ROPE: CRWD PUTS VKTX CALLS (bought at $67) FTNT CALLS NVDA CALLS CIBR CALLS if this goes bad I will be broke and I’m not exaggerating. Also some how my cibr calls are down -99% even though I bought today with September expiry, and the VEGA is -2928% wtf??

SolidConstruction3

thanks for the explanation > volatility went down (VEGA) and for every hour you hold the position Is this due to the fact that I bought early at the open when volatility is at its highest? Or does volatility always decrease as time goes on

VolatilityVandel

You’re more than likely gonna lose on this trade. As someone else already pointed out, Theta and Vega have worked against you. Volatility has dropped and time is of the essence. It’s for that reason I don’t buy options with an expiration over 3 days. The reason is because when the option is profitable, a trader is compelled to keep holding it believing they can squeeze more profits out of it, but if the trade moves in the opposite direction, if or when it turns again in your favor, if it doesn’t have the same volatility it did when it reversed, it’s gonna take much more of a move to be profitable. What happened is volatility went down (VEGA) and for every hour you hold the position, there’s a reduction in the value. Moreover, I personally would NEVER hold an until the day of expiration because Theta accelerates rapidly on the day of expiration.

Lelouch25

AMD's GPU designs always under performed. Think VEGA. There's an article about how RDNA 3 was full of bugs and RDNA 4 was just a fix. Now we have RDNA 5 being designed from the ground up. If you go back further, none of those architectures actually delivered.

Comfortable-Entry341

Thank you so much again. So let's imagine that I got a double diagonal spread with the following legs on the SPY: LONG LEGS: 6/14 510p and 6/14 530c SHORT LEGS: 5/20 517p and 5/20 523c IVs in this case are higher in long legs than in short ones. [https://optionstrat.com/build/double-diagonal/SPY/-.SPY240520P517,-.SPY240520C523,.SPY240614P510,.SPY240614C530](https://optionstrat.com/build/double-diagonal/SPY/-.SPY240520P517,-.SPY240520C523,.SPY240614P510,.SPY240614C530) In this case, the fact that strikes are different, it is less sensitive to IV changes. Also, it's quite reasonable to expect that in such short term, we won't jump from contango to backwardation so fast, especially with the market in almost ATH. Next week there is PPI data release and it is likely that the IV will rise in all legs, being VEGA absolute value higher in the long legs than in the short legs, so an increase in IV will rise the value of the long legs proportionally higher than the short ones, resulting this in my favour as the overall area of profit is wider. Is this a correct analysis? If it is, and being diagonal spreads less sensitive to IV changes than calendar spread, I am still wondering what am I missing if IV does not change much on both sides. Maybe I should place my longs further away in the calendar in case Theta is affecting them, but I am not sure if it is that because Theta is already taken into consideration when drawing the profit and loss diagram

GeechQuest

Sell and come back to it at a better price. Your delta is 27. You need a $10 flush for break even, and need it before your IV is in the gutter with a 1.07 VEGA. There is no gamma on that either. Should never let long dated options run against you like that.

Glittering_Bill9176

Robinhood won’t let me open a box spread because the ONE GUY got pinned and they forgot to execute the long side (lmao) and their app showed the wrong thing. LET ME LOSS MONEY TO VEGA REEEEEEE

BarracudaUnlucky8584

Understanding impact of IV Crush following earnings. Can anyone confirm if my thinking is correct? * I noticed there is are 10.6% difference in percentage points of implied volatility between the week of earnings and the following week. * The VEGA is 0.02 against the call option I'm looking to purchase. * Does that suggests post earnings I would see a 0.02 (the VEGA) \* 11 (the total percentage points difference) = 0.22 drop in my option premium? * E.G. If I'm buying for 0.7 and after the price goes up my options are worth 2.05 instead of getting netting the 1.35 difference between buy price (2.05-0.7) I'd likely net the 1.13 difference (2.05-0.22) e.g. approx 16% less?

Hormozi

just look at the VEGA?

msupz

Today’s lesson is: VEGA.

rolders

Can you elaborate on this a bit? Just checked my position and my $410 22 Mar ‘24 covered calls were sold at a premium of $2.33. GAMMA 0.010 THETA -0.100 VEGA 0.288 DELTA 0.165 Extrinsic value should be 410-384-1.84=$24.16 I’m clueless as to how I should compare this to theta - how do I look at this?

DrSeuss1020

That ain’t theta. That’s VEGA GANG BABY

Necessary-Bag-1042

I think you were misssing some stuff. Here: SELECT ANUS, BUTTHOLE, BOBS, VEGA FROM PROD_ECON_POW.CPI_EAT_SHIT_BULLS

Samjabr

Isn't VEGA the guy from Street Fighter II - Not sure what he has to do with NVDA options?

Rick_Perrys_Asshole

IV was 171% yesterday and it dropped to 80% today VEGA killed you

uhwhooops

VEGA = virgins erase gains always

bigproptx08

Good day, very new to options trading. I have not placed this option, i want to get educated on if i am looking at things properly so more theory than actual unless , i am reading things properly and making an intelligent decision. thank you in advance to anyone who can review this for me and give some advice. what would a good expected max profit be, and is $ 12.00 the actual max loss assuming 1 standard option contract> I have 220 shares total Ford (F) Long call NOV. 10 exp date. Ask Price $ 0.10 current $ 12.62 STRIKE $ 14.5 Breakeven $ 14.59 +%15.69 to breakeven Bid $ 0.08 X 1231 Mark $ 0.09 HIGH $ 0.08 VOLUME 3-4 ASK $ 0.12 X 160 PREV CLOSE $ 0.11 LOW $ 0.05 IMPLIED VOLATILITY 34.75% GREEKS DELTA 0.1488 GAMMA 0.1539 THETA -0.0043 VEGA 0.0101 RHO 0.0021

thetruth3322

Load up on discounted shares. There's no way this stays under $.03 cents for long. $VEGA.CN #PlantX is just too good of a company. Buy the dip IMO. #loadandhold #bounceplay #veganism #vegan #DirectPay ✅️🎯💸

BullshornFinancial

#DirectPay is a HUGE option to add for payments for $VEGA.CN #PlantX customers. Yet again, another great PR and BIG add to their brand. #loadandhold #buythedip #bounceplay #PlantX continues to increase their already large footprint in the #vegan market. 🎯📈💸

wittgensteins-boat

The answer is that it varies by ticker, market regime and implied volatility and vega. Longer term options tend to not jump around in IV as much as the front expirations, also VEGA is more significant, which are serminly but not contradictory statrments.

thetruth3322

Great news to see. Yet again, $VEGA.CN has more updates and more growth. Load up on shares this will take off well past $.05 cents shortly in my opinion. Too good to keep down, absolutely BIG time upside. #PlantX #plantlife #loadandhold 💸🎯✅️

thetruth3322

They have quite a bit going on, and yes that's yet another brand they work with as well. A ton of action today with the stock, starting to make a slight comeback after being down 20%. They are taking advantage of the ever growing vegan audience. #loadandhold $VEGA.CN PlantX 📈✅️💸

thetruth3322

More great press for PlantX $VEGA.CN. They are definitely going all in, and that's great to see. They are capitalizing on a HUGE market that is ever growing. Also, this is now a dip play too so there's discounted shares to load up on. ✅️💸🎯 #loadandhold

Choice_Client_5400

$VEGA.CN PlantX #loadandhold

thetruth3322

Slow, and steady wins through race. I'm sure they have more updates in their piepleine as well. This has all thr makings of getting into the teens at least by year's end IMO. $VEGA.CN PlantX #loadandhold 🎯📈💸

Front-Page_News

Wow, that's just HUGE for $VEGA.CN... global expansion coming. Next I'd like to see some Asian countries like India. Lots of vegans there too from my travels there.

thetruth3322

That's BIG news for PlantX $VEGA.CN. Great move on their part, $05 cents won't last long at all now. Load up and hold. BIG 2023 ahead for PlantX.

NOT_MartinShkreli

Dude this is the greatest VEGA gang play I’ve ever seen. I hope it prints.

thetruth3322

Great interview, a ton of insight into the company. $VEGA.CN PlantX is set up well to have a BIG 2023. Can't wait to see more updates, I'd have to think with Memorial day coming quick, they'll have PR this week?? 👀🎯💸📈 PlantX #loadandhold #StocksToBuy

LoZioSodaz

You got me inside the rabbit hole. This s\*\*\* is killing me and now I have an headache. So: It's virtually impossible to find the same values for VEGA/PLTXF/WNT1 on different websites. Sedar is down (or I can't access it), their financial statements are bad looking, most of the websites (even IBKR investing platform) have near to no info about this stock. I even started an argument with chatGPT which couldn't find the real market cap. So. Here's my finding \[(It's 5:30am and I'm done) Prices are in CAD\]. [I've found this statement as the only direct source of info (non audited)](https://investor.plantx.com/wp-content/uploads/2022/03/Financial-Statements-for-the-quarter-ended-December-312021-Feb-282022.pdf) ​ |PRICE x SHARE|CAD 0.035 | |:-|:-| |SHARES OUTSTANDING|12.15M [(ycharts)](https://ycharts.com/companies/PLTXF/shares_outstanding)| |MARKET CAP|CAD 425'250 ? (found 4.5M around as well)| Here some more data for you: ​ ||December 31 2021|March 31 2021|Comments| |:-|:-|:-|:-| |CASH|1'979'429|20'364'895|*It means that from March 31 '21 to December* only 6% of cash remains or that **cash is down -93.6%**| |INVENTORIES|1'707'784|112'949|Expected pre taxed profit of sales.| |GOODWILL|22'881'399|8'393'522|This is been calculated with expected "synergies" from combining the operations of Bloombox Score, Little West, LIV and new Deli with the company, revenue growth, **future market development** and workforce acquired. Imho wishful thinking| |TOT ASSETS|33'537'037|33'842'121|decreased| |TOT ASSETS WITHOUT GOODWILL|10'655'638|25'448'599|This imo was a good accounting trick| |TOT LIABILITIES|5'727'100|2'325'677|| ​ Let's go with revenue: ​ ||9 months ended 2021|9 months ended 2020|Comments| |:-|:-|:-|:-| |REVENUE|9'656'914|2'292'376|up 321%| |COST OF SALES|(6'230'326)|(1'899'271)|went from 82.8% in 2020 to 64.5% in 2021 still **very high**| |GROSS PROFIT|3'426'588|393'105|from 17.2% in 2020 to 35.5% in 2021 **(acceptable gross profit margins right now)**| And most important Operating Expenses: ​ ||9 months ended 2021|9 months ended 2020|Comments| |:-|:-|:-|:-| |AD & PROMO|5'438'918|1'777'923|Marketing expenses went down to 56.3% vs revenue from 77.5%, incredibly high, maybe branding on different countries not the greatest idea at this stage| |CONSULTING & MNGMT|3'073'463|3'277'914|Almost the same| |ADMINISTRATIVE|3'457'287|252'429|Need to check if they can be deducted| |SALARIES & BENEFITS|2'992'363|130'382|Doesn't really explain to whom or for what specifically. I'd love to know how many employees, but I can't find a number. Salaries expenses up +2195% can be explained considering workforce of acquired businesses| |SHARED BASED COMPENSATION|11'243'623|3'442'799|It's 3 pages full of shares compensations. I mean, I understand the need to avoid using cash, but this is too much. | |TRAVEL EXPENSES|673'598|122'620|how much are they flying around? Is this because of expansion to EU, Israel and Nevada?| |OPERATING LOSS|(25'518'501)|(9'720'181) + (2'192'833) for listing expense|losses up 162.5%| Now, because shares outstanding increased a lot, loss x share is actually less than 2020 and went from (0.27) to (0.22) NET CASH used for operating activities for 2021 was (13'309'472) Remember we started with 20'364'895 - 13'309'472 = 7'055'423 INVESTING ACTIVITIES: |NET CASH PAID FOR:|2021|2020| |:-|:-|:-| |LITTLE WEST|(427'041)|\-| |NEW DELI|(559'050)|\-| |LIV|(687'913)|\-| |PETER RUBI|(1'573'208)|\-| |EH COFFEE|(213'231)|\-| |PORTFOLIO COFFEE|(216'319)|\-| |PLANTX LIVING|\-|30'578| |BLOOMBOX|\-|(684'121)| |investments|\-|(4'216)| |ADDITION OF PROPERTY, PLANT & EQUIPMENT|(1'072'979)|\-| |TOT|(4'749'741)|(657'759)| The company is surely expanding fast.. They want to immediately open the UK market to have relevance in the EU zone, Nevada for the US and Israel for the Midwest, but I'm not a fan of acquiring shops and restaurants for a business which in my opinion should only cover e-commerce and wholesale. Here there aren't specified the shares issued to cover the remaining value of the acquired companies, we are talking 130M shares. It's crazy but we will go there. ​ |NET CASH FROM FINANCING ACTIVITIES|(253'959)|14'497'160 *(mostly from proceeds from issuance of shares NET)*| |:-|:-|:-| Here already I wouldn't touch this stock even if using your account. But next comes my least favourite part of their financial statement:

Airman_on_wallstreet

WTF deos VEGA mean

NOT_MartinShkreli

Finally somebody who gets it. Been rolling my $65,000 loss for a couple years now to offset when my GME YOLO prints this year … AKA the next 2 weeks after Feb OPEX. VEGA GANG RISE UP

NOT_MartinShkreli

JUST FUGGIN YOLO IT ALL ON GME 4/21 (closes to 4/20 you can get) OTM CALLS AND GET YOUR VEGA GANG PAY DAY BOI

SuperBearPut

You state, " Yo, I was gentle on thetagang about your LULU losses, may God rest that part of your account's soul. But now that you are mistaking your pure DELTA play on LULU for a VEGA play..." I was merely correcting you on stating the LULU play was a vega/theta play. Nowhere did I ever mention IV crush was pertaining to 0DTE SPX options. You can't even coherently follow your own statements in a simple conversation. I can see you're just a troll and succeeded in wasting my time, congrats and get lost.

value1024

Yo, I was gentle on thetagang about your LULU losses, may God rest that part of your account's soul. But now that you are mistaking your pure DELTA play on LULU for a VEGA play, after you already mistook it for a THETA play, all the while calling others on here regards, well that is regarded indeed, and you essentially deserved your loss. See you Monday at 3:30 Eastern in the SPY/SPX 0DTE armpit.

dropdeadcunts

The higher the delta the better 🥲 also watch out for the #VEGA 😭😭😭

wittgensteins-boat

You seem to desire to look at d VEGA / d Volatility The first point of IV rise has VEGA value rise in the option. Subsequent IV rises will have slightly higher VEGA, thus incrementally larger. Price change of Vega plus d Vega / d IV. In the same manner increasing Delta a Price skew gives farther from at the money options higher IV, d VEGA / d IV may make for larger Vega for the second point of IV change.

Neuromantul

https://classic-desert-4cb.notion.site/Ultimate-Guide-to-Selling-Options-061ca90e28cc494eb855de5ce398af7e - this is a guide to selling options based on vega plays but it explaines this concepts very good https://m.youtube.com/playlist?list=PLPVve34yolHZX9wt1S5XXP0XWH9G0XM3y https://www.investopedia.com/options-basics-tutorial-4583012 Option price= intrinsec value + extrinsec value Intrinsec value = 0 for OTM options. And for ITM is the price you get if you execute the contract Extrinsec value = a mix of a lot of factors who try to price the option based on the chance of being ITM. But mostly: DELTA (how close to ITM) + THETA (how much time it has left) + VEGA (how volatile the stock is) The easiest way to think of options is to compare them to insurance... You buy house flood insurance but probably nothing will happen to your house. Some houses will be flooded and the company will have to pay but overall the insurance company will make a profit When you buy a put or call option you are basically betting that some not priced in shit will happen..

PrintergoBrrr2020

I’m not trading theta, I’m trading VEGA. I don’t care where the biggest extrinsic value is lol

PM_ME_YOUR_CTOE

That just means the IV on your calls increased. That’s all. The volume of your contract increases and decreases your contract VEGA.

Thermophoresis

So if something happens like yesterday were it just goes back and forth you end up stuck and just lose money due to time decay and decreased volatility. the THETA VEGA dick slap

mskamelot

6000 shares @ $23 (profited covered call average $6, so more like $17) 110 contracts across various calendar strike @ $20, thankfully loaded up at sub $10 underlying. Make VEGA great again. I wanna see all 1 million call OI go ITM.

Logical_Coat_526

Is it VEGA?

pepesilvia_esq

Listen like others said. Don’t feel bad. I held INKW for way too long. I missed 2 opportunities to get with profit. I sold the other day for .013 (my cost was .12). It went up to .2, I could’ve almost doubled my money. Even today I could be up about 50% but instead so sold at just above even. Sure I could’ve had a bit more money but I stopped losing money. And that’s all that mattered. I took a 40% loss on ctxr and am down 85% on VEGA (Canadian) I lost $2000 I didn’t need to lose by thinking I could make more. I was greedy. At one point I was $1000 overall, now here I am looking like a dummy out $2k

Mr_Canada1867

Exercising the day before expiration and selling the 100 shares 1min later, vs selling the contract the day before expiration = same amount of $$$ And obviously the contract will be worth less the day before expiration vs a week before if the price has not moved at all. Its called theta decay. Learn your Greeks: THETA, DELTA, GAMMA, VEGA

donny1231992

I just re-read your post, I am talking about VEGA. You are talking about THETA. There’s a big difference. Please read my response.

Stew_E

$VEGA is on sale and I'm loading TF UP

strybid

I’ve been saying, call options long dates. Jan 2024 $45 is what I’m playing, check them out and watch the VEGA.

Stew_E

$VEGA.CN is up by 33.33% with double the average volume being traded. So far looking super bullish 

RedCabage

Such a bearish market, loading up on some cheap $VEGA and riding it out LT

RedCabage

$VEGA.CN closed at $0.080 +6.67% looking good so far!

Gfnk0311

Haha what is actually going on in your head? I didn’t start a lecture. I pointed out a fact. VEGA affects longer dated options more than short term options. That is a fact. You are running in circles. Otherwise i will never make money? Haha like i said in my last response to you, i have made millions of dollars trading options. You call me a little kid but just look at the way you speak and compose yourself. You Also keep deleting your wrong messages after your quickly google it yourself and realize your wrong. https://imgur.com/a/s68wBTr And no, if you hold to expiration, the contract will be less sensitive to movements in implied volatile and as such, Vega will not affect it as much.

KileTeachesOptions

Dude you guys are idiots. Your argument is I didn’t think about Vega for this contract. THATS WRONG First thing I thought about was VEGA, If I was not thinking about Vega I would of got a short term option and had no exposure to price swings and could totally get screwed my Vega. Getting screwed by Vega boils down to TIME , when you don’t have time , you can’t get a LARGE price swing. Do you know what moves Vega? Large price swings… Which is exactly why I bought the leap, the leap gave me a ton of opportunity to see a “large price swing” so the fact you are trying to lecture me on Vega exposure is fucking ludicrous. The most idiotic thing I’ve ever seen 😂 You’ve never heard “Vega is a big fuck you too short term gamblers” If I was a gambler I would of been a idiot and bought a short term option and really taken a risk.

Gfnk0311

Haha, I’ve made millions trading options. Check my posts. You bought a single contract for $200. I was simply pointing out how your last post was wrong. VEGA affects long term investors more than short term traders. Not sure why you wrote me a 5th grade essay on the subject. You were wrong, admit it and move on. Take it as a learning experience.

KileTeachesOptions

Vega value is higher, but Vega doesn’t fuck long term investors as badly as short term traders you are wrong, and once again making a hypothesis on me holding up till expiration. NO PLAN OF THAT ONCE AGAIN. Read the comments, you are scared of Vega like a little bitch bro. I don’t mind buying a leap with high Vega because I don’t get hung up on things like that, if I did I wouldn’t make a profit ever and be stuck like you and all bitter. Go check my profits on my new post. Appreciate the opinion but you were wrong, your outlook on the future and what will happen based on the current Greeks is what stops you from making money man. Stop looking at things with a one size shoe fits all, that’s not how options work. Things are constantly changing . Who are you to play god? It’s all gambling also at the end of the day , so why harass me about picking up a bunch of extra time value. Of course it’s going to have some VEGA , but that’s a two sided sword. Every point you make has a opposite side that is beneficial. It’s all about the expected price movements overall and the time value left till expiration and obviously the implied volatility , but usually IV / price go pretty hand in hand, so if Coca Cola continues to move anyway in my favor in a timely manner essentially IV will be just fine. Also the closer that Coca Cola gets to my strike the more delta I’ll being told add to my position which will inevitably increase the premium of my option. Especially if I have a ton of time left till expiration which is TIME and time is worth more then the expected moves. Hence why you don’t hold options till expiration unless they are deep in the money and you plan on exercising them. But once again there’s a million different perceptions in how to do all this stuff and make money. So you do you , and I’ll do me. If you got some good stuff to show , please post it and why

Living-Philosophy687

let's get **a few things** clear... 1) there's no $72 KO strike, there is however a 72.5 strike 2) lecturing about greeks and **NOT** mentioning VEGA on a 575 DTE expiry? Really? That's the biggest greek to discuss, NOT theta, if you are long long-dated options you have low theta and high vega, which changes near expiry 3) Options do not have leverage, they have optionality. They are a convex product. If you do not understand this, then please don't lecture and opine from a point of knowledge, it is misleading. 4) "just depends on your prediction and expected moves" no it depends on what actually happens and for an OTM option that has very little intrinsic value it the last thing I would call this trade is smart. There are a lot of factor and greeks are **dynamic** depending on many factors, that are constantly changing, your vega risk, theta risk, deltas all change. You DO NOT control 26 shares in leverage for 40 cents! As u/systemgc pointed out, you risked $200, apparently, and was thrilled with a 25$ profit? Commissions, Slippage, execution risk should be mentioned, do you not see the concavity and risk mgmnt here is **not** favorable? You are free to trade as you want, but be careful about misleading others with your framing

redtexture

1- It can be if you are right on the direction of the market. 2- IV can matter. We are in an extraordinarily high implied volatility regime now. The VIX has been ranging from 25 to 35 for months. When the market goes up, the extrinsic value in most long term options will decline, so the option may not gain as rapidly as the stock. VEGA is the measure of how much one point of IV changes the price value of an option, and is greater for longer term options. 3- Market anxiety and euphoria. Relevant topic: *Why did my options lose value when the stock price moved favorably?* • [Options extrinsic and intrinsic value, an introduction (Redtexture)](https://www.reddit.com/r/options/wiki/faq/pages/extrinsic_value)

redtexture

Farthur out expirations are more affected by changes in implied volatility; the measure is VEGA, and vega is higher for longer expirations. Yet also, longer term expirations tend to be somewhat more moderate to IV variation than expirations for the same week of some event, such as an earnings report.

GloryhunterFC

ROH vs. Wade Vincent VEGA

Longjumping-Let7504

Can someone explain the difference between IV and VEGA on the Robinhood Options platform? When you look at an options cotract, they show IV % in the top left hand corner and then the VEGA down below. I know that the VEGA indicates what will happen to the price of the contract if the underlying goes up or down by $1 but what’s the difference?

Longjumping-Let7504

The image above is a random example but where do I look for IV? Do I pay attention to the IV at 53.19% in the top right corner or do I look at the VEGA. What’s the difference in these to IV’s? What information does each one offer?

idofelru

I saw this and knew it was TSLA. I was eyeing a few calls but I could see VEGA's Spanish ass waiting in the corner to rip my face off and decided against it.

Tikke

I'm looking to jump into $[ITE.TO](https://ITE.TO), $[AVL.TO](https://AVL.TO) $VEGA today.

Zero-0-Waste

Sorry for the late response! been following our plant-based stocks closely this week and they are here to make their mark!! my top pick VEGA is slowly showing signs of long term recovery .As well as by looking at the MACD indicators they've been crossing above the signal line- a bullish sign.

redtexture

That is a very general topic, and thus challenging to respond to. Some very smart people have attempted to describe how the greeks describe the value movement of options, how extrinsic value is interpreted, how changes in time, and implied volatility, and price of the stock can influence options value, in different ways. If you could take a perspective that all of these things relate to each other, and that they do have meaning, you can begin to tease out what the greeks can mean to a trade and trader. If you can take a look at these, they may begin to give you some leverage to think about the greeks. If you can then have some more specific question, then the scope of the topic could be small enough to respond in a thoughtful way. Even long-term traders find that they have something to learn about the greeks, and their inter-relatedness, from market day to market day. For importance and priority, these are typically used the most often: Stock Price Option Value Time to expiration DELTA EXTRINSIC VALUE THETA IMPLIED VOLATILITY VEGA GAMMA --- Here are some introductory pages to greeks generally. The Greeks The Options Guide https://www.theoptionsguide.com/the-greeks.aspx Here below a resource page (unfortunately not text) with several video perspectives. What are option Greeks? Greeks are mathematical calculations used to determine the effect of various factors on options. Fidelity https://www.fidelity.com/learning-center/investment-products/options/options-greeks-video Introduction to Options: The Greek Letters QuantConnect https://www.quantconnect.com/tutorials/introduction-to-options/the-greek-letters The r/options greeks wiki page, for a variety of links: https://www.reddit.com/r/options/wiki/faq#wiki_options_greeks_and_option_chains

redtexture

Declining implied volatility (an interpretation of the extrinsic value) can make a supposedly winning long call a losing one, even if the underlying stock goes up. In the money options reduces the extrinsic value in the position, and can suffer less on declining IV. This is why some traders pick 65 and higher delta, to reduce the influence of IV. That is a summary of this item. *Why did my options lose value when the stock price moved favorably?* • [Options extrinsic and intrinsic value, an introduction (Redtexture)](https://www.reddit.com/r/options/wiki/faq/pages/extrinsic_value) > It seems like buying call LEAPs would be a good play with some depressed stocks, but this is apparently wrong? Long term options can suffer from a similar IV decline; though IV is in backwardation, and the IV may not decline so much for a one year option, because it is already lower than the IV for a 5 day or 10 day option, it can decline for the longer term options, and as described by VEGA, can reduce the value of the longer term option. For example: many traders bought very long term call SPY ETF index options when the COVD crash occurred in FEB/MARCH 2020, and were dismayed that even though the market went up on SPY significantly, their holdings of long term calls were stagnant for a period, or trailed the gains of the market index due to IV decline.

Disruptor_Stocks

$VEGA $PLTXF ftbs, riding off some nice q3 '21 financials

redtexture

Increased IV causes option prices to go up, and long-term options to rise even more. VEGA describes the relationship between IV and price.

redtexture

LEAPS are low volume instruments. Often zero contracts a day; thus with wider bid ask spreads than the typical wide options bid-ask spreads. This is a fact of life. Generally, high delta reduces extrinsic value, the value that decays away over time, hence the suggestion for 80+ delta. Just note that the market is unsettled, and in a high implied volatility regime, which makes for a more expensive option. Review the influence of VEGA, which is larger on longer term options. Here is an introduction to extrinsic value. *Why did my options lose value when the stock price moved favorably?** • [Options extrinsic and intrinsic value, an introduction (Redtexture)](https://www.reddit.com/r/options/wiki/faq/pages/extrinsic_value)

RobertLahblaw

Having VEGA work in your favor is probably the only real way to do it but timing calls is probably just as tricky. I may start dabbling in ATM monthlies on Friday's before close in case Poon-tin decides to play a live-action game of Risk with his buddies. If they're far enough out they shouldn't lose too much to Theta if nothing happens. If something does and Market drops or Vol explodes it should pay handsomely.

RobertLahblaw

Upon further review, it turns out buying high IV puts on an index that tracks volatility may have been... misguided. ^fucking VEGA can eat my ass^

BadlyStrungElastic

Anyone know how that guys 950C VEGA play is going on GME?