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  1. destriero

    SPY Options Arb

    Sep12 follows the expiry line. It's a cheap front spread (terminally), but the haircut is poor. You need 300 SPX to make anything. I am not knocking it, but a long gamma 132 call fly will outperform. There is no benefit to paying the vig on those deeps. You can delete the D1 and do better in...
  2. destriero

    SPY Options Arb

    It looks decent bc you're avoiding the stress post auto-ex on the Sep10s. If you swap the Sep10s for Sep17s the stress adds $350 to the loss on the downside.
  3. destriero

    SPY Options Arb

  4. destriero

    Who plans to get the covid 19 VACCINE when it comes out

    I've got a call in to Luke Letlow but he's not answering. I'll let you know what he thinks about the vaccine. It's a four sigma event to be vaxxed and die from COVID. 20X more likely to die, unvaccinated...
  5. destriero

    Scarlett Johansson is suing Disney over Black Widow’s streaming release

    easynews.com is my favorite. WTF is going to pay DIS $30 when uploaders have it on usenet within minutes?
  6. destriero

    Scarlett Johansson is suing Disney over Black Widow’s streaming release

    I don't think the theaters will ever recover now that streaming is the norm. You release it on PPV a week after it hits theaters? The upside is that the studios/streamers can't fudge the numbers when they have the streaming revs to the penny. Actors like ScarJo are going to ask for 20-30% of the...
  7. destriero

    Scarlett Johansson is suing Disney over Black Widow’s streaming release

    Black Widow receipts are $220MM to date.$160MM box office and $60MM streaming. Production costs were over $200MM before marketing. Rule of thumb is 2x production. Figure it will have to do over $400MM worldwide to break even (streaming has 100% margins for studio).
  8. destriero

    dest's overwrite journal

    We will test the July 19 low on NDX (next week).
  9. destriero

    Scarlett Johansson is suing Disney over Black Widow’s streaming release

    She neglected to demand a % of the PPV/streaming.
  10. destriero

    dest's overwrite journal

    I had my second best week of the year. DIDI was too small to have much impact.
  11. destriero

    Collar Strategy with US indices S&P500 (E-mini future/CFD with weekly options)

    gene, He asked for the margin requirements and lowest margin brokers. 1) While there is a margin req on the completed-collar, it’s nominally lower than the debit requirement on the vertical spread due to SPAN treatment. So it’s moot. You vomited complete BS. 2) All overnight positions must...
  12. destriero

    Collar Strategy with US indices S&P500 (E-mini future/CFD with weekly options)

    Gibberish. The trade is debit-req when the collar is on. IOW you are long ES at 4400 and you short the 4200/4500 reversal. You are now long the 4200 synthetic call and short the 4500 call. The requirement is some nominal figure (under SPAN)that will be less than the debit on the 4200/4500 call...
  13. destriero

    Collar Strategy with US indices S&P500 (E-mini future/CFD with weekly options)

    Thanks dude, and that's what I stated. The combined position is a synthetic vertical if the legs are equal in size. The combined position (futures + bear reversal) results in a requirement </= the req on the equivalent bull vertical under SPAN. Long futures + bear reversal = bull vertical...
  14. destriero

    Collar Strategy with US indices S&P500 (E-mini future/CFD with weekly options)

    Collaring the index positions, if legs are 1:1, is simply a synthetic bull vertical (short collar; long ES). It doesn't make sense as an overlay, but can be used to lock in some delta.
  15. destriero

    New computer ordered 6 weeks ago, still waiting

    Buy from a vendor that offers an onsite warranty and one that has enough BP to stockpile chipsets.
  16. destriero

    New computer ordered 6 weeks ago, still waiting

    He's probably running a 3060. "Top of the line."
  17. destriero

    New computer ordered 6 weeks ago, still waiting

    lol cyberpower. Vaporware or ships with used and downgraded components that blue screens when it hits 80 degrees C. Only Trumpers fall for that shit.
  18. destriero

    dest's overwrite journal

    I didn't foresee UPS being an issue. I was looking for 300-400 NDX in the next week but we got it today. I am short, but marginally.
  19. destriero

    dest's overwrite journal

    No. It was up 3% in the first hour, but getting hammered with everything else. UPS's report killed e-commerce today. I missed my short here.
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