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  1. .sigma

    ES Journal - 2019/2020

    3200 on the way friends :/
  2. .sigma

    my divine commedia to optionality

    "A barrier is a price level in the market (called a trigger) that, when reached, markedly alters the payoff of the structure."
  3. .sigma

    "A drunk man will find his way home. A drunk bird may get lose forever." #Kakutani

    "A drunk man will find his way home. A drunk bird may get lose forever." #Kakutani
  4. .sigma

    Why would anybody exercise early a DITM ES option?

    True but, put-call parity arb states that: c-P=S-Xexp(-rT) So lets construct a trade that we buy a put, sell a call with the same strike, then buying spot. At exp the trade is worth the strike price P-c+S=Xexp(-rT)
  5. .sigma

    my divine commedia to optionality

    Although I've only been trading these for a limited time, fly's in general have been a strategy I utilize. Lets discuss how to use this and compare it to other fly positions. We all know the iron fly is initiated for a credit which is different from your standard fly which is usually a debit...
  6. .sigma

    my divine commedia to optionality

    seldom at the peak of my equity currrrrve
  7. .sigma

    my divine commedia to optionality

    "however, as vol is negatively corr to equity returns, a short vol/var position is implicity long equity risk."
  8. .sigma

    "Time is elastic" Marcel Proust

    "Time is elastic" Marcel Proust
  9. .sigma

    my divine commedia to optionality

    No matter how delta-neutral you may be you'll need to be skilled in directional moves. I am relatively good at entering trades that are usually at extremes in price. I don't consider myself a "technical" trader but Im always glancing at charts to see a few things: where spot is currently, where...
  10. .sigma

    Earnings Trading Journal

    Good stuff TBS!
  11. .sigma

    my divine commedia to optionality

    Was thinking of shorting $TSLA yesterday with a long put spread and pulled out because why buck the beast? And look! But that comes with trading.. we all leave so much potential slices of the pie within the whole.
  12. .sigma

    my divine commedia to optionality

    Looking to go long $HCR shares @ $0.76c
  13. .sigma

    my divine commedia to optionality

    I am long these btw.
  14. .sigma

    my divine commedia to optionality

    TWTR hit a high of 30.49 today, on very nice looking buying volume.
  15. .sigma

    my divine commedia to optionality

    $TGT IV tends to get crushed on earnings then drifts lower for months until it starts to rise again for the next earnings event. You could probably fade $TGT with a bull put vertical but that's ballsy.. Keep trading the earnings event again and again and it'll all make more sense over time.
  16. .sigma

    BlueWaterSailor: trading journey and journal

    I like this one! Good catch. Which expiration are you at?
  17. .sigma

    my divine commedia to optionality

    "Physicists in general, and Farmer and Packard especially, have developed many kinds of optimization algorithms that, by different means, accomplish the same goals as genetic algos, with different algos carefully tailored to different tasks. These algos are pattern sleuths: they comb through...
  18. .sigma

    my divine commedia to optionality

    Finally some buying activity in these duds. $RAIL looks like its going to blow
  19. .sigma

    my divine commedia to optionality

    #vola
  20. .sigma

    my divine commedia to optionality

    Some dude on Twitter is telling me he knows of a trader who successfully trades vix. He said the guy has a 80% win rate Only trades a few times per year 70% "flat" 25% avg return per annum Sharpe ratio of 1.8 Sounds very fake to me but who knows and who cares? I just thought I'd post it here...
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