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  1. BlueWaterSailor

    How do I buy an option with a huge spread?

    Looks like it last traded between 2 and 2.80, so nobody was going to jump on your offer. :)
  2. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Thanks; that's my best hope. But with the FUCKING politicians playing brinksmanship games as they always have... ...if I was just 20 years younger, I'd be on a plane, polishing my rusty Hebrew, and offering to train young troops in firearms skills (I used to teach small arms and pistol-based...
  3. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Unbalanced flies pay quite well, provide somewhat of a nice "brake" when the trade starts going against you (by comparison to a spread), and can be managed... er, somewhat... if the guillotine starts coming down on your nuts. But they do take an advanced degree in Talmudic studies, the Materia...
  4. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Yeah, well... don't be too surprised; you're not the first nor the last. But there's gold in them there hills, and something like a good half of what I've learned from this site came from his various cryptic pronouncements that I've sweated and cursed over. Not to blow any smoke, but his...
  5. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    You're going to add a CONDOR to your peyote? :wtf::wtf::wtf: BRUH. Seriously adventurous. Anyway... :) ICs are what they teach to the old farts in the "dEeP oPsHuN SekRiTs" seminars at the golf courses here in Florida - only $3999 per sucker... I mean, brilliant investor, of course. The thing...
  6. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Hmmm... never thought of adding butterflies to my peyote. Any particular color, type, number of legs?... :) Life's good, bro. Chillin'. Maybe not enough, but that just might be the lack of butterflies...
  7. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Thanks, @jaypaul1988 - glad you find it helpful/motivating. From my own experience, that's incredibly useful - especially in the beginning. Good luck!
  8. BlueWaterSailor

    Switching strategy 180 degrees

    Or possibly leave the car in place and spin the Earth such that the destination comes toward me? Hmmm. Seems like a reasonable strategy... at least compared to the original one. :sneaky:
  9. BlueWaterSailor

    Switching strategy 180 degrees

    :D I first heard that one about the Russian tanks the Arabs used in the Six-Day War. Hadn't been thinking about it here - at least not consciously - but it probably sneaked up from my hippocampus...
  10. BlueWaterSailor

    News

    This perception may be a result of you seeing only a small cross-section of what I've written, both here and elsewhere. I don't say that I'm a meadow-skipping Pollyanna in other places :) - but I usually respond in ways that I find appropriate to a given post (admittedly a multivariate function...
  11. BlueWaterSailor

    News

    Same place where you find eldritch spell scrolls and dragon caves full of treasure, or other stuff that gives you money for free or lets you predict the future: dreams, fantasies, and delusions. Oh, you meant in real life? It doesn't exist. If it did, guys like me would glom onto the resulting...
  12. BlueWaterSailor

    Free left tail convexity. Am I kidding myself?

    Can't say I've seen anything wonderful/unusual. The above is good enough for my purposes.
  13. BlueWaterSailor

    Free left tail convexity. Am I kidding myself?

    ```import matplotlib.pyplot as plt``` Although I've also been known to dabble in ```from mpl_toolkits.mplot3d import Axes3D```
  14. BlueWaterSailor

    Free left tail convexity. Am I kidding myself?

    If you or your kids speak Python, I can share some of my finance notebooks. You can generate whatever plots or surfaces you want, and even animate them.
  15. BlueWaterSailor

    Free left tail convexity. Am I kidding myself?

    Breakers must have just added to the horror. Like standing there frozen, unable to do anything as the giant anaconda creeps closer and closer and closer... :D:D:D Good shit for those who can sit on the sidelines with the popcorn.
  16. BlueWaterSailor

    Free left tail convexity. Am I kidding myself?

    I had the dubious privilege of watching both VIX and SPX during the COVID crash; had the charts and the time/sales tape on the screen along with the short puts that I was in, NUE and CVX, and stayed glued to it all day long. Once vol started accelerating, it was an avalanche: the B/A spreads...
  17. BlueWaterSailor

    Free left tail convexity. Am I kidding myself?

    You're starting from scratch and initiating a short position every 120 days; until your second buy order gets filled, you're exposed to a major negative event - the thing you're evaluating as likely enough that you're trying to protect against it. Based on the above, you get filled on those...
  18. BlueWaterSailor

    Awww, man...

    Not sure I'd call it a retweet, since I'm not posting it on Twitter. But I just found out, and there are probably other people who haven't heard yet - so I figured I'd let them know.
  19. BlueWaterSailor

    Switching strategy 180 degrees

    Ya know, I examined this post with a Raman spectrometer, sent it away for genetic analysis, had it inspected by a licensed mechanic, and evaluated by an experienced psychologist - and not a single one of the results implied the slightest bit of rationality in changing trade direction and vol...
  20. BlueWaterSailor

    Awww, man...

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