Recent content by W-M-A

Thank you for your kind words.

In this specific instance, I exited the entire position, however, there are other ways to squeeze more from the position, but since my intention was never to put any time towards the position post-earnings I exited.

As you may already know, albeit being very rigorous in its derivations and systematic approach, options sensitivities leave a wide gap to be filled by heuristics and relatively arbitrary techniques when it comes to two areas: 1, the future volatility, and 2, the right hedging approach due to...

Hey, you understand it correctly in terms of the dynamic hedging, and the fundamental basis of calendar spread as a so-called risk-defined strategy where the long leg with longer maturity absorbs the impact of the short, short-dated leg. The whole premise of this setup is that you are...

There are so many different ways to construct this for a exact 5% but in the interest of time and my Saturday, lets get some more clarity first. Are you also interested at the same time to keep the upside, or just preserve 95% of the value? How much on the upside do you want to keep? Look at the...

Data is from third party low latency data IB data is used as a backup reference data for execution book keeping. the ago is generic in the sense that all you need is to enter the ticker for the instrument. I do have another application for the data analysis and generating analytics to feed into...

Can't say it's the ideal setup for it as the moves are violent, my main bottleneck is the broker (IB) gateway. But the logic is quite solid and modifies with a few percentage points every level it misses due to fast moving market, and after 3 such miss gets more aggressive.

How are you taking delivery on the short calls? You mean its a covered position And you will part with your shares? Yes I had both sides calls and puts, my initial thesis was to profit from the IV reduction obviously with the stock staying within the range that I had calculated it would retain...

Yours truly did a 50 contract calendar spread on SNAP even though the IV premium paid almost in full for the spread (35 cents each on the call and put side) the put side was breached by a magnitude my worse case scenario unhedged was a move of +/- 7.50%. However I had my algo configured on both...

I agree with a lot of your points here, and the following reply by @Nobert. Most of the time you can put people who say they are traders in the gambler category. In my view, the difference is well defined, and if you look at it from the gambler's point of view, it becomes more apparent. You...

:D :D :D, thank you for this gem!!! lol

Man, that's even worse aging than initially. If he was 40 in 2020 at the time of court filing and 25 in 2015, it means he aged at a ratio of 3:1... wtf is going on? hahaha

But, somehow to the topic, the funniest guy I know used to trade the bunds on LIFFE floor back in the day (I myself are not that old, so I didn't do it, this guy I know used to), he is selling data racks for a hosting solution company after blowing up.

The year 2015 was Laurie Inman’s year of fame. He featured in various newspapers as the 25-year-old city trader who earned £1 million a year. He is a stereotypical trader of his era. Rarely does he wear a suit, he mostly prefers to wear jeans and a t-shirt. His badge of honour is a Porsche...

For reasons that I can't / don't want to explain here in detail, my algos calculate the optimum price to execute the trades and volumes, so my SOR differ in the sense that not to seek the best execution but rather the optimum price generated by the algos based on my positions. I had to embark on...