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It did happen... it's termed Schizophrenia.

Delusional tripe, but I guess I should have bought some Kenny Loggins CDs.

Dude, are you going to be trading 100 units in your 80s?

Short 25D put (or equal Px); long 25D call -> rally -> convert put to body of a put fly or condor leg and do the same to the call. Really it's little different than simply trading D1 and trading into the synthetic straddle. I gotta get to bed as I am up at 4.

Yeah, I understood what you were doing. I wasn't referring to you when I mentioned shorting the straddle. I do recommend it to small books by trading the following. Long 50 shares; short 1 call; cover with wings on time or a drop in vol.

Are you asking? I am referring to ppl shorting straddles and covering with wings on a drop in vol or time. They are dumb bc the intiial req make them a hobby trade. TBH yours isn't any better as you're better off shorting futures and converting when at edge and a vol-line threshold. Or say a...

Also consider babysitting LVLD bull diagonals when we go lower. As narrow as you can go while maintaining a small credit. 30/60 days, 45/90, etc. A lot of ppl don't understand the trade and you can't do it on the downside; as they blowup as we drop and they are shitty bull spreads (OTM puts diag).

So you convert the short straddle to a fly at an edge that results in a arb-fly... but you were up significantly on the combo anyway? Just cover it. I was short the bull synthetic straddle in TSLA and got cute and traded into a fly at a large credit. I was up twice the fly credit but with...

A buddy of mine is short 5K of the Aug (or Sep, can't recall) 3000/3100 x 4600/4700 irons and he got crushed today even though vol obv dropped. He can't DCA (no cash), can't hedge (no cash) and refused to cover. And yeah, it's a 22-23 million req.

Narrow ICs are essentially synthetic double digitals, and yeah, there isn't any trade management. They are very sensitive to vol but only bc you have to trade huge numbers. They work inside a dev but once you start to accumulate any delta position you're married to it. There isn't any dgamma but...

70/30 vol.

Out at 11317. I am heading into the weekend with vol but no futures. 129 gainer.

13340 thanks.

Long NQ outright from 13188. 11340 target by EOW.

Out basis 153 cash. Missed out on 90 gain on futures. Flat on that signal.

It's five pips, dude. Every one of his trade posts are at a price that was nowhere near marketable. 6 pips wide and he's short five pips above the best offer within 10 minutes prior to posting. 100% BS. Like you paying for BBG. Where's your BBG? Still trading IBKR Bro?

WTF are you talking about? I still have BBG.

queerdick following me around like a puppy with his 10K long Yen. 15 never traded.

lol 5 pips wide and the bid hadn't brkn 10 within 10 minutes of your post, but hey, cool story, Bro!

FX vol is 5-6% annualized. Look at today's vol in equity mkts and EURUSD moved 30-40 pips. Trading FX (as a biz) is an IQ test. My second real gig out of undergrad was on a top five (capitalization) bank FX Majors desk. Those desks were wildly profitable with phone dealing. There is absolutely...