Recent content by Bomp

Conceptually, trading Flies is pretty straight forward. You can bet on the vol curve flattening or steepening, changes in its shape(more or less convex), or straight down rolldown. Whether you use 121 or 321 or variants on these just depends on which is optimal for the bet you want to put in...

Decent day with broad indices closing lower. Trading account closed up 1.36%, mainly from short topside on Big tech names. Surprisingly a good chunk came form jan 29's/128/118 put vertical I am short, despite the drop in the stock of more than 2.5%. The 118 put gained around 3000% as OTM vols...

This ++++. I stated a bit differently. I think there are 3-4 opportunities a year where one needs to go in big. Rest of the time keep it small.

1- It was already Priced, see where USD is already against majors, EM and commodities. Trees don't grow to the sky. 2 - 1.9 trillion is proposed, lets see what gets passed.

Closed all outright shorts, just have some short topside in FB, AMZN and NFLX and small in QQQ. Around 1% up for the last two days in the trading account. The move in oil, metals and banks has been impressive. I was bullish thee sectors but I am surprised at the speed of the move given the...

An OK closing 1.08 for the day mainly from FB dropping another 2.24%. I think we need another leg lower to trigger final leg of stops to be followed by some consolidation price action. I had half of my position open on FB but still have short top side on the other major ones. Closed remaining...

Bearish view on Big tech is beginning to pay off. Had a small negative day on Friday(.69%) but up today around 3.43% after the bid drops in FB, AMZN, AAPL and NFLX. Todays gain leave me with a net gain for the year at 4.19%. I learned from my mistake of last week and left orders in FB to buy...

As expected, with market in full reversal I gave back a chunk of my gains. Mostly on the downside positions which I should have taken some profit on the move. Especially since they were a result of storming of the Capitol. Short topsides have really not been challenged as AMZN, NFLX are...

The ADR represents shares issued in France, held by French custodial agent and registered in a French exchange. Thus if you buy a Total ADR someone has to buy those shares in France to back the “receipt.”

Open borders...rolfmao. Too much newsmax. If you say they will allow more asylum seekers, or expand DACA, then I would agree. But that is far from open borders. There were no open borders with Obama and he had super majorities in both houses for half a term. Now, if you have an ethnocentrist...

I think those are themes that have rising momentum. I am not dogmatic about ay of these views but a quick response to each: - That real rates will rise, pushing down growth stocks I think that the massive fiscal stimulus in conjunction to QE may begin to push up inflation. We can make a new...

Decent last two days with total log returns of 2.31% for 2021, but it is clear to me that I have a lot to learn. Today I should have closed easy above 2% and I managed only .57% despite having the absolute correct view. Just terrible execution. Since Inception: Sharpe Ratio ...

I think you get capitalism with both, thank god. You are drinking your own k-aid if you believe otherwise. The true risk to this country is authoritarian populism, whether it comes from the left or the right. I have traded emerging markets for a very long time and the countries that have fared...

I am not going to get into political squabbles, but focused on the trading. Focusing on the politics for trading decisions is a losing proposition. It is a bit like betting for the Jets just because you are from NY and their #1 fan. In the end, Reps and Dems have alternated in power over the...

There is already 1 democratic senator who is on the record that he will not support removing the filibuster. So I feel it is a long shot.