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We are pleased to introduce a mentoring program where experienced members will help newer members to get up to speed. The mentors will provide guidance and answer questions on the forum. This program will provide new members with more diversity, more opinions, and let older members to contribute from their experience. Traders who have been SteadyOptions members for considerable period of time, have a good understanding of options and the strategies we use, and are willing to help, are good candidates to become mentors. Potential candidates would need to build some history of contributing on the forums and responding to members questions. We currently have the following members as mentors, and will be looking to add more in the following weeks and months: @Yowster - Steady Options Contributor @krisbee - Steady Options and Simple Spreads Contributor @TrustyJules - SteadyOptions contributor @cwelsh - Anchor Trades Contributor @Marco @Paul @luxmon @rasar @Djtux @zxcv64 @Peeyotch - SteadyVol mentor Mentors will have "Mentor" title and brown color. Please note that this is NOT one on one mentoring. I encourage members to post their questions on the forums so everyone can benefit and learn, instead of PM the mentors.

Entered NVDA feb16, 257.5 call at 5.80 debit and TEVA feb16, 21/21.5 strangle for 2.24 debit. For NVDA, went with a longer expiration to be a bit more conservative and a higher strike to get a cheaper option that was more in line with what I am willing to risk on a single long call trade. (alternatively, could have also gone with a spread to lower costs)

@AntoxaJust look at the current option chain and look at prices for straddles +/-1.0 from ATM. Also, gains will accelerate the farther away from ATM your strike gets, so its not simply adding the same amount for each $1 stock price move. So, the first $1 move away from your strike the gains will grow much slower than the next $1 move farther away. And this is based on current RV levels, so if RV drops that will decrease gains as well (if RV rises it will add to gains).

It is price of straddle divided by underlying's price. At the moment TEVA is 21.5 It's 21.5 Straddle is 2.20 RV is 2.20 / 21.5 = 0.102 (10.2%) This means that market implies 10.2% move by the expiration (Feb9)

TEVA Straddle is pretty expensive nowadays.

That's interesting. That might be roughly equivalent to enter T-5 business days before earning date and exiting T-0 (trading day just before the announcement).

I like this one. NVDA PE 7-1 Feb 9 40 delta http://tm.cmlviz.com/index.php?share_key=20180201172109_mg3O9MzUldlB2MeR Even with triggers set at 40% gain and 25% stop loss this looks good. Buy today. Just filled at half at 6.80 and other half at 6.60. I'm ok with this but should have waited a bit.