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Good poker players = good vol-traders. This dude needs to change his avatar.

Yeah, I know. This dude was playing NHLE heads-up.

$42K is my hourly var, but I think I am missing something... is he going to buy $42K in Chipotle and Coors? THAT I will watch.

Shit, maybe it is. https://www.tradingview.com/symbols/YFIUSD/

Yeah, so was BTC, so was Ethereum, so was... ;)

At 5:31 into Barry's comments he stated the green candle with the overhead is a "rejection of value" when the value area could very well be below the closing price--no value area shown or referenced. There is no context about where the value area printed--above or below the close. He simply...

A DOTM 10-wide bull short put spread at 1.00 is a bull call spread at 9.00. If you're unwilling to reduce (towards zero) your delta position--then there is no repair. You're adding risk. DO NOT ADD DURATION. Mofo, DO NOT.

All these books and blog posts about "repairing" positions when they add risk the majority of the time. A blown out bull spread and they repair it with an OTM bull spread in a deferred. Never repair a spread by adding risk.

He thought the following years loss was deductible in full against the previous year's gains. Wheeeeee.

No offense to FF, but if you're concerned about getting enough melatonin to improve your anaerobic performance then you don't really lift. It's a good idea to cycle melatonin as it is a steroid and there is receptor saturation and feedback issues. It's not a good idea for kids as again, it's a...

Deduct $3K each year in perpetuity. Dude going to live 499-n years? I know a guy who made 1MM playing poker one year, lost 1.2MM the following year in a single 100/200 NLHE HU game.

They are on the record massaging the truth here. Stating that Kojak hasn't been associated with the company "for a time" when it's been less than 60 days by the time the CFTC charged the guy. C'mon WTF is that? If that doesn't peak your interest then nothing will. What kind of BS is that? The...

I know it sounds complex, and it is when discussing synthetics, but as long as you know whether you're in a bull spread or bear spread will suffice. You cannot "repair" a position. A marked loss is a loss. The spread has no memory. Generally, people will repair the position by adding another...

You reduce your FUTURE loss on the 8.80 current MTM down to $20~ if you short the 470/480 call spread from 1.00. You are sitting on a MTM of 8.80 on the spread. Shorting the Sep25 470/480 call vert results in the following: (YOU ARE) short 460/470 put spread 1:1; (YOU WILL) short 470/480 call...

If the mil involved zero capital gains (you depo $1MM) then it's a loss of 1.5MM carried.

They are going to whatever they have to do to keep the operation going. The facts, at best, state that they have allocated a few thousand to each "funded" trader. Let's say they have ten ppl funded.... I'd bet anything that they don't have more than $30-$40K allocated to cover the haircut for...

Yeah, you're right. It's the right play due to the 8.80 mark. Credit of 1.02 for the 70/80 bear spread doesn't add insult to injury (via OTM bull PS) and he kills the remaining MTM risk (less 0.18 or so) by legging into the bull fly.

Yeah, his MTM loss is 880-526=354. The question isn't what he's lost but what he can lose. $120 is nothing but we're not going to rally $100 on the shares in this mkt. The date is inside any S&P committee meeting and no sales figures to be release. If it were a single it makes more sense to...

It's trading at 8.80. Your remaining risk is strike diff less mark. Don't even bother with the sign. Now, when selling you lower the bid side price to be marketable; when buying you raise the ask price. Setup each spread individually on your TWS quote page as a DEBIT spread or combo... IOW...

Put credit spreads are call debit spreads. The equivalence is the box. I hate to evangelize it but nobody seems to get it. He's MARKED to 8.80, guys. He shorted the put spread at 5.26 so risking 4.74. He should trade a bear vertical, but the bullets are out of the gun. Trading a bear vertical...