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Howdy partner! As somebody who has his origins in crypto, you'll probably have a very hard time to replicate what you're doing right now in the traditional markets. TradFi is pay to play everywhere with priority datafeeds, tiered orderbooks, pro and non-pro subscription plans. That's why...

dude pls...OPs post is like "look I'm putting 500$ each month into SPY, look how awesome I'm winning" He hasn't any edge, he has no strategy, so WTH are you defending this? Some noob will come in, think that this is worth copying and blow up his account

Had a couple of mentors. Wouldn't have made it without them

nope...it cannot. The coupon doesn't matter when the overall yield is determined by the price of the bond. When I go ahead and sell the minimum amount it requires to flip the bid, I already increased the yield. Yield is a function of supply and demand. Always.

dis guy gets it

No, it's not possible

So you mean you are looking for someone who you can market gossip with but isn't good enough to call you out on your voodoo?

I see. Can you transact on these prices? I don't have the time to have a closer look right now, but every time I see stuff like this, I do two things: 1. determine which leg is mispriced 2. slap on a feeler for min size to see if I get an execution.

Do you mean you cannot lose money? I mean, just from looking at the graph you can see that the curve is lower on 8/29 than on 8/1...which means you prolly donate

dude, this is a discussion about options. And your contribution has nothing to do with the topic.

Classic mistake: "As you can see from the table above the charts, the strategy is vega positive. In this case we have a vega of 83 which means that our strategy could gain or lose 83 EUR for each 1% volatility point change" This is not the case. 1st you have to weight vega with root time as...

Well...do the calculations. There is no "modest" leverage in selling uncovered teenies, since these already feature insane convexity themselves.

dude, read the very first reply. It's not about your brokers margin handling. You're overleveraged from the start. You have 100$ and the shares are 100$. Stock is at 100$, vol is 50, you go 90 days out and sell the puts for 1cent. Now it crashes towards 41$, vol probably goes to 90 and your put...

You will get liquidated.

makes no sense to me. unless you have very acurate predictions that price will land in between short strikes, this structure is a waste of commissions

Honestly, Pelz is one of the very few books that provide real world actionable edge for retail. Highly recommended!!

OK, look. I think we should attack this topic from another angle: Let's talk about implied volatility and greeks. Actually options were traded before the Black Scholes Model was invented: http://web.archive.org/web/20120326213505/http://www.thederivativesbook.com/Chapters/05Chap.pdf Thing is...

the question is: which term is your vega located at? And how does your position delta move with volatility?

Thing is that calendars with a wide time difference suffer from different flow influence. Let's take an extreme example: short 1m / long 24month, calls, same strike (ATM) First of all, this spread isn't delta neutral. The 1m is a theta/gamma play (aka IV vs. realized) whereas the LEAP is...

Sorry I can't help you out there. However, services like these are usually 4digits/month.