A put credit spread is a call debit spread.
It doesn't work that way. Price the opposing side (2D put) as a digital. You're fucked beyond reason on a touch so what does it matter what the odds are?
Salty and Dice to start a new fund, Lion's Share Capital. Their edge is in trading odd lots and long Yen into massive bull runs in US equities. We wish them well.
I remain short 50 VX for Aug, but that’s allocated to my short vol in skew and against a large index bull call with a large marked gain. Basically way too much shit.
I realize this has nothing to do with overwrites but I am reconciled to posting only to my own threads and in the vol-forum. I...
All filled in the last two hours but I don’t have my screens up. I am fine with the price, but at 3475… not 3425. It was a mistake to leave open orders like that but I didn’t expect to be filled and am operating on the assumption that the stat-vol would be muted into Prime Day. Shares really...
Have you read anything that I’ve written here? I was not marketable on the bull vol-orders working in AMZN when I left the office. The $20-$30 drop was enough to make my shit marketable… not neutral. I am never neutral deltas. Well, nobody is, but I was explicitly long D at inception.
I had my...
Dude blocks me, logs out to read, and then repeatedly takes a shit in the thread. I made a promise not to post outside of my wheelhouse, but the mods will continue to allow this BS. GL guys. My email is on my profile, but I am done here.
I missed my hedge. The trade was not to exist without the hedge which was dependent on the shape of the close. Further, I was not marketable on the AMZN vol but the drop apparently was enough to fill. It took 108 fills to fill the order in various exps.