Berlin, Germany
Posts: 1 since Apr 2023
Thanks Given: 0
Thanks Received: 0
|
Hi guys and gals,
I am trading options for 1–2 years now. Started out with Cash secured puts and covered calls. Nowadays, I am trading vertical credit spreads for the most part and sometimes iron condors.
I am mostly focusing on uncorrelated ETFs/equities that have high IV and that I have a directional opinion. For strategy, I am doing (quite conservatively) 30-40 dte 15-11 credit spreads. (I read the Options Traders Hedgefund and really liked it)
Since I want to trade more Iron condors (and additionally it should help me set the width of the spread) I want to focus more on skew.
I understand that it is advised to check the skew of lets say the next three monthlies and see how the IV of f.e. the 15 delta puts relates to the atm put.
Firstly, I need my broker to show me that. They just show me the comparison for one strike price but not delta related (but that is an issue on its own :-D I am with IBKR).
Secondly, I am not sure at which point a skew is viewed as flat or steep. Are there generally accepted percentages, or does it just relate to the past ratio?
Thank you very much and kind regards
Matache
|