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Mine has the edge, regardless of vols, as touching 90 would trigger the purchase of the 80-NT which would be cheaper (due to TP/moneyness) ignoring time.

Your 10x figure is fantasy. You're stating that structured as a delimited payoff (0-100) you're buying this for 10? C'mon man. Equity exotics are a small fraction of what's traded as TRS. As an intellectual exercise it's cool, but it's not practical. The edge loss would make the independent...

The structure that I outlined is optimal as the 80-NT (2nd condition) would be far cheaper (an input) than if packaged in the original structured prod. as shares have dropped and vol has risen. This assumes that this is a fairly long tenor (not a few days to exp.)

I mean that as a touch the intraday breach would kill the no touch condition. It would pay to the seller.

OK, the utility of pricing static vols to the structure is a thing, but again, the thing would be 5x95 mkt.

Intraday barrier breaks would kill it. These are PD exotics.

And you can do this Monday on binary.com. You're $100MM away from having an ISDA or $10MM from trading on a PB's ISDA, so what exactly is the point?

There are people on this board would could price it for you, but you're known, so as a buyer of the structure you're fucked bc the mkt would be skewed against you. There is no utility in pricing it the way you're asking. The complexity would make the market stupid wide. You buy a $90 touch...

No offense to Guru, but as a macro/inflation indicator this is pointless. They always sell out of their annual production and they produce less than 8K vehicles per year.

I want to buy a lookback put on T-Rex's career.

By "synthetic straddle" I am referring to a true synthetic; 50 shares to one short call (spin 1/2!) or 100 shares to two calls. These are traded OTM and the entire structure is covered when the strike is touched; either by a cover or a natural straddle in forward n-month. I am not recommending...

My wife (Steph) likes synthetic straddles (2x1s) as all she needs to know (she's not a vol-gerb) is that the strike is best case PNL on the structure. Sure, vols can explode but I've never seen a 2x1 trade to the strike and lose money. Not in 22 years of doing this shit (OW-specific portfolios)...

I will run an optimized portfolio in green text. It's easiest on the eyes when using color on a forum. I won't be answering any questions on the optimized thingy, but it will have its own sheet.

Here's the generic selection process. No vol-modeling. Treat it as though you don't even know the skew figure or ATM vol-line. I do this bc is repeatable by virtually anyone. My wife would be able to generate a plan (in overwrites) if I were to drop dead tomorrow. It's as simple as writing a...

ofc. Although I violate that on occasion. One of my favorites. "Where's Dest?" https://www.elitetrader.com/et/threads/free-analyst-admin-work-exchange.359170/page-2#post-5398960

Anyone see Geoff/Salty?

I love this. Both of you have me on block yet you're up early to obsess about me on a Saturday morning. I cannot imagine anything more pathetic. Serious as a heart attack--you dudes need to find another profession and some new hobbies. dice has had a half dozen nicks that we are aware of...

He's still down $70K on GME.

I didn't use the term (much) as I often (mostly) go 3x1. Back in a couple hours.

No, not as a single trade, but if you're in the EU you can trade the single no touch/single touch at binary.com. They are reputable.