Recent content by toomanyloses

Thanks Caroy - struggled with the name...took more time making that one up than any of these responses...lol. Just that it's my losses that made me...some huge ones over the years. And they still happen...I don't even want to talk about yesterday...did a thing without testing it and wow...

Faith is always the answer I guess but generally you need to believe that VIX is near a runrate low...which given the last month or two it reached today. That opens the door to a lowish VXX, and where-ever the around the money call spread currently is(tight so the extrinsic lets you roll as...

Yeah - huge fan of VXX, play SPY ATM call spreads against VXX decay. Works sometimes, but helps if you can bounce out of VXX during mini spikes. I leave the door open with long VXX for the swans (black ones). Helps offset all my other mistakes.

You nailed it with the volatility! Not sure how much longer the bulls have and wanted to be in a position that could last another month or more if needed without bleeding too much. Trading in my shorts for something closer to 380 makes sense and likely won't hurt too much as I really don't...

Totally agree...but the play is a hope for a vega pop which has max impact with long dated positions. Thinking more than 3 months is just ridiculous, haha but then again, believing the market could actually drop....that's another story(but it's mine). Again...hedging concepts, which may be...

Thanks...but that's the issue...your solution depends on a significant directional bias...which if I had one, I'd probably do something else..?

In the 2021's...shorting the Jan 22 for now and rolling each week. Problem is the upswings...and the rolls aren't totally covering the theta decay...so bleeding a little...but worth it if there's a minor drop.

Theta decay is a big win agreed...any insurance against upside swings?? ie...is there another position I can put on that will mitigate ATM or upside loses?

That's the plan of course but theta decay seems to be overrunning rolling shorts here. Any non-out of the box concepts....looking for crazy ideas here. Loses seem to be my thing, so if anyone can impair the trend I would appreciate it!

Long an SPY put 350 calendar Apr16/Jan22 but theta and upside is killing me. Any random thoughts would be appreciated! Obviously fingers crossed for Vega pop.