Search results

@Baozi - it's always possible to come up with an interpretation that gives the greatest latitude, infinite benefit of the doubt, and adds depth an complexity where none exists. Religious apologists are quite facile with that process, for example. But this does not and cannot improve the quality...

You might want to review the IC I just documented in my journal. It's a little odd - a 0-day, low-delta SPY trade - but still worth looking at for the lessons it contains in this environment.

Well then. That got really exciting in the last few minutes. Scorecard: Action: Recount: SPY hit the put-side stop on that iron condor and triggered my market order - which just sat there as the price headed for the ground like a skydiver who had packed his underwear instead of his...

That's pretty much a direct restatement of what I'm looking for. First, I need to find out what the different potential adjustments for various strategies are, and I'm working on that via the previous suggestions here; then, I need to understand their pros and cons, which I suspect will become...

I'm not particularly interested in critiquing someone's writing style here - it's essentially irrelevant to the information being conveyed - but the problem with that post is that it conveyed essentially no information. How does a beast manage risk (fight-or-flight, perhaps)? How do hawks...

One notable take-home from today: I don't have a quick go-to response for a vol pop like we had today, and it seems like it would be a really good idea - assuming such a thing is possible. By the time I've checked my list, looked at the premium for each one, and worked through the possibilities...

Another 12-delta, 0-day IC in SPY, with VIX at 20.88. The Chinese tariff drop already happened this morning and the price of SPY seems to be fairly steady, so I'm giving it another shot. Initially skewed by one stop toward the put side due to mild but consistent downward trend; I plan to hold...

I've been told that big bad gamma and vega are waiting around the corner to mug me if I hold till expiration. :) Seriously, though - I don't know how useful an MTM approach is for me, given that I'm making small trades and not using leverage until I'm totally comfortable with all the basics...

XBI @ 82.01 STO 80P 30AUG 0.64cr Today, XBI made a largish down move, then bounced and stayed flat for several hours - so I sold at a strike well below recent history (over 80 for ~3 months now) and with a B/E (79.36) below the max negative expected move (79.73.) The IV will not feature in my...

The short put I had open in HRL just closed for 50% after 7 days: HRL @ 42.15 BTC 40P 20SEP 0.85cr/0.40db Strategy-wise, I'm running the wheel on a set of stocks that I've done some (amateurish but painstaking) FA on as well as a few ETFs that I like. So far, I've done pretty well except for...

Take-home from today's trades: Closing the wing(s) on that IC was a brain fart that cost me $20; they were going to expire worthless, and even if either one went ITM, I could call in and tell TradeStation not to auto-exercise. Won't be doing that again... I suppose I should be grateful for the...

That's the bottom graph. Sorry, I should have turned on the header; thought it would have been obvious.

Frankly, I'm not all that experienced of a trader yet - been at it well under a year. But I've got enough length and breadth of life experience, both involving losses and in general, that I have a pretty good clue about handling and recovering from adversity. It's a skill - and one of things I...

Thanks, @Sig! I'm not particularly humble - in fact, I'm pretty arrogant^W err, confident about stuff that I do know through study and practice - kind of a teacher-ish characteristic. But I like to think that I have it under control... at least that's what the burly guys that come and wrap me in...

Avid learner; having a ball with options and futures

Good solid boats, C&Cs - I almost got into one, ended up with a Morgan 453 instead. I've got friends who did the St. Lawrence route - I was actually going to do it when I came back from the Caribbean, but Life Interfered. Furthest north I ever got was Boston Harbor, but spent most of my time...

Got pulled away by trading in the middle of writing my intro and didn't post them as they happened. Will put some effort into doing better in the future. Some of the above were opened previously and closed today; the SBUX IC hit one of my rules (10% within 1 day, 20/2, 30/3, 40/7, and 50 for...

Just a simple, average sorta guy. Came to the US as a kid, have been playing and having fun ever since. Got into electronics early on, pivoted to computers when I saw everything getting chipped/commoditized. Served a hitch in the US army - infantryman, turbine engine mechanic, military...

Hey, @GrowleyMonster - another long-time sailor/Linux/Solaris/old-time IT guy here. Keeping fairly mum, but quietly cheering for ya from the sidelines. I'm pretty much 100% in options, but always glad to see another trader making his way through the learning mill - it's where I am in my journey...

Thanks for the suggestions and the overview. Right now, my trades are nothing of particular note - mild success via rote mechanics - so keeping a public journal would seem like boasting, or looking for props I haven't earned. In other words, I don't feel like these trades are mine - I'm...