CBOE will strart RVX - volatility index for Russel 2000 index in Q1 2014

CBOE will strart RVX - volatility index for Russel 2000 index in Q1 2014Same as VIX but for Russel 2000 index.
New volatility index, new vol futures and options, new vol ETF/ETN will be coming...

CBOE RVX site

Trading Option Backspreads by Adam Warner book review

I come through book Trading Option Backspreads by Adam Warner and left disappointed.
This book does not include anything useful for Backspreads traders like skew analysis, adjustments.
This book is just 21 pages with some ThinkOrSwim charts.
Believe it or not, but the most TOS graps do not show the true Backspreads P/L.

It only costs $4.61. However, if you decide to spend $5, I recommend this couple books:

• BULLSH*T FREE GUIDE TO IRON CONDORS
• BULLSH*T FREE GUIDE TO BUTTERFLY SPREADS

BULLSH*T FREE GUIDE TO BUTTERFLY SPREADS book for free

"BULLSH*T FREE GUIDE TO BUTTERFLY SPREADS" Kindle version book is available for free only Oktober 4-5.
Don't miss it!

SPX/SPY May 13 technical analysis - rocket loses fuel?

Here's SPX monthly chart.
RSI above 70, price above bollinger bands and strong diagonal resistance level.

GOOG Jul/Sep 13 calendar

GOOG Jul vol slightly higher vs Sep. IV30<HV20.

LiveVol.com GOOG skew

Livevol.com GOOG HV20 (blue) vs IV30 (red)

It's good opportunity for Calendar spread.
On my view GOOG can retest diagonal support at $875-880.

Thinkorswim GOOG chart

OTM GOOG $890 Jul/Sep Calendar looks good.
Calendar strike ~ 1/2 month SD.

Thinkorswim GOOG $890 Jul/Sep calendar

Trade lifetime - 1 month.
1 Month break points -  $831, $962.5.
Adjustment plan - Open new $980 call calendar if GOOG breaks $950.

I'm without position in GOOG.

Facebook diagonal May 2013

FB got nice triangle and anniversary of the IPO.

I hope to FB breaks down triangle. However we have strong support at $25.

Position

+10 Jul 21'13 Put

-10 Jun 19'13 Put

Cost $1.51

Expiration break-even point - $26.95.

Options webminars archives

Tons of options video below. Enjoy :)

• CBOE options institute
• CBOETV youtube channel
• optionmonster.com webinars archive
• interactivebrokers.com webinars archive, please click view event recordings
• Dan Sheridan youtube channel
• CONSERVATIVE TRADING webinars archive

AAPL pre-earnings trade March 2013

Thanks Cyprus. Vol grew up.

Today is good day to get pre-earnings AAPL calendars.
I bought AAPL calendar $450 APR13/JUN13 for ~ $11.05. APR/JUN month vol the same.

AAPL announcing earnings date 23.04.2013. It's after April expiration. I hope June vol will grow.

Planing Time 

2 weeks

Planing take profit

+10% margin

Planing risk

-10% margin

Planing adjustments

If AAPL come out of the profit zone convert calendar to double diagonal.