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If you returned 18% for the year as a fund manager that would be freeking amazing. So looking at 5% or even 18% returns per month is not very realistic. There is a reason why hedge funds dont sit there and sell verticals each month and call it a viable strategy.

Gee you're sounding more and more like another fella who was run off here for our entertainment. Risk Free how you been? LOL Thanks for the laughs but your posts speak volumes about your hot air.

There is no mystery in what a Christmas tree is in reference to an options position, simple ratio spreads. You’re changing your story for the 4th time now? LOL Thanks again for the laughs so we can all enjoy them, keep em coming!!

Yup now that crude is down 2 to 4 bucks from where the "stories" he told here were posted but not from where he started “collecting” those puts which turned into time spreads he claims to be making a profit. LOL thanks for the laughs!!

Now the story is calendars out of the money ones

Here he is collecting put options.

Anyone surprised the mysterious positions which morphed from puts to time spreads are being claimed as winners? Shocking huh? So before he was “collecting puts” like fine art. Then the story was they were time spreads and now the story has changed yet again and he’s implying they were...

There is no profits to be had for the OP since at first he claimed he was buying puts on the way up and then ammended his story to time spreads on the way up. SO now we had a bit of a pull back at best his positions have moved back closer to break even for him, thats at best. Yet he still has a...

Intraday time decay is pretty much irrelevant other than for a theoretical exercise on a forum. The markets going to price the options they way it perceives them to be around fair value and they’re not going to be clicking off seconds in a day. This even goes for the last day of trading in a...

The BS assumes you delta hedge with the underlying to achieve put call parity and in that case they're the same option with the theta in the options and the cost to carry the hedge.

Here is the issue, a mutual fund is not something that has a “financial advisor” or any of those other terms. I was not speaking about GS in terms of a brokerage company. It’s wonderful that you claim to make a nice living from home and you insinuate you have a PhD. Do you really want...

What makes you think hedge funds lost in the crude markets last year? Lets see on the one hand there are fimrs like GS who we know makes a ton of money and has some of the brightest people in the industry. On the othr hand we have an anonymous internet forum poster claiming he uses GS and...

I guess you're not aware that the futures have time decay and since the different month options are based on different futures there is real decay there. Not to mention the fact that the further out future trades above/below the cost to carry based on speculation. Keep up the great work!

Spin, you're a lobster my friend

Saying you capitalized on what already happened is not all that difficult, that also goes for changing the situation and now having time spreads on. Dont let the decay in the futures get in the way of a good story and dont look at premium over cost to carry in the futures which those options are...

well since buying options to leverage timing and directional guesses in the markets has proven to be a big loser historically: Statistically you'll have a lump of coal for Xmas

I guess its not that big a deal huh?

Yea I would say 90 is pretty much off the table at this point.

The "last" trade has nothing at all to do with the current bid or offer and therefore does not skew it.

Theoretically all spread legs would be marked on time and sales