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That was misphrased a little, sorry for the misunderstanding. I'm not looking for additional information in each trade post, rather just an explanation I could use to better understand the use of the greeks. The part I'm struggling with is the process of how you use each of the greeks to rationalize the actual trade. I understand that it is important to be as close to delta neutral as possible. I also understand how to calculate the theta/vega ratio to see the IV increase required to offset the theta, but my major stumbling block was trying to figure out how you predict the increased volatility of the underlying stock? Just by looking at previous IV through optionistics and hoping it follows trend? Thanks ---------------------------------------------------------------------- - Edit : Question was answered in my other post related to placing earnings plays ( http://steadyoptions...earnings-plays/ ) Thanks Kim

If it would not be too much hassle, I would also love to see something like this. I think this information would be very useful for the new traders trying to learn how to implement these trading strategies, such as ammarmalhas and myself. I'm new to these trading strategies and seeing your thought process and reasoning behind the trades would greatly help me understand the logic and improve my knowledge base. Thank you.