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“The unmoved is the source of all movement.” #Dao

@destriero how relevant/important do you think it is for a trader (more so neophyte) to understand at least the basics of exotics? I guess what I’m trying to say is, does a knowledge of how exotics are priced/work help a speculator using vanilla? Reason for asking is, I’ve read posts where you...

right, I did mention this scenario above, but Des lower wing was still 20pts OTM even so.. this is why he chose to do the 132C I believe, as he saw risk to the downside before the eventual up-move. But I agree with you man.

Currently a hunnid bucks above this fill, amazing

its almost eery how well desty called this. Especially when Nividia has never touched the 650 strike in its entire existence. While you’d have to endure some pain with that sell off to 470 beginning of March, the overall play is a beauty. If NVDA pins 650 tomorrow I’ll cry.

@Matt_ORATS chose the 1730 wing, while @destriero bought the 1750

if the market is booming during the worst pandemic of modernity, what could catalyst the next crash?

didnt know this, interestingly nonetheless!

sadly, I don’t think the market will crash off a non-event. COVID was your crash. Now we meander for a few more years, drifting up. Unless this up move continues it’s parabolic momentum it’s currently in. Look at a weekly chart of $SPX. Price is forming the convex curve within the right side of...

Knock-off pivots

this synchronicity (in sync chronologically) has a financial market term = equilibrium price = time time = price time is also synthetic vol or better yet price + time = value (equilibrium) the old adage, “time is money” rings a bell.

regarding structure.. OTM CALL 121’s for a bullish pin OTM PUT 121’s for a bearish pin but when it comes to broken wings... you use the calls for a bearish bias, and the put fly for a bullish bias, correct? but with 231/132 it’s different. Disregarding skew, stickiness, and higher order...

I’ll do you one better. the last time the market made an all time low (3/6/2009 @ 666), and this current bull market that we’ve been in ever since started the forever Brownian motion positive drift upwards about 4,144 days ago.

Beginning of the month my measured move vector gave me a $4141 target for $SPX mid-April Well, mid-April is here and the prediction played out in the most space-time continuum matrix like way. /ES hits an all time high of 4144 on 4/14 at 4:14am Hawaii-Standard Time. ONE BIG COINCIDINK

Hey guys, I’m looking at the 21 MAY 21 220/30/40 call butterfly in Caterpillar @ 1.90 risk If I put this butterfly on Caterpillar, would it be considered financial metamorphosis?

speaking of Artemis.. they just released a new paper today! Christmas came early folks. Amazing cover art as per usual!

I almost always buy the corresponding debit spread over the credit. The only time I’ll opp for the credit is if vol is compensating (high IV). I trade mostly debit verticals (long/short), plain vanilla calls/puts (ATM/OTM), and butterfly spreads (ATM/OTM).

I’m aware that wings can be symmetrical or asym... but you replied “asymmetric” to the moth picture.. don’t get it, the wings on the attacus look symmetrical to me?

by the way, Rest In Peace bro