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  1. BlueWaterSailor

    Hit the Bid, take the Offer... ??? the Ask?

    Fvck's wrong with you young children, listening to that whiny crap? What is that, the Bee-Gees in disguise? Give me my Lynyrd Skynyrd and crank up the Mojo Man, and I won't need to take my rifle up any towers.
  2. BlueWaterSailor

    Hit the Bid, take the Offer... ??? the Ask?

    It's terminology that's specific to a given domain or profession, so the terms have meanings that are different from common usage. Not very surprising or even odd; most professions do the same thing. I'm a sailor, and we have some really wonky usages, and even stranger pronunciations of common...
  3. BlueWaterSailor

    The Pinch Journal

    Copy the pic and paste it into the post. It's always worked for me.
  4. BlueWaterSailor

    The Pinch Journal

    Nice visual trick, there! Looking forward to seeing you play with this stuff (and hoping to learn something, as always.)
  5. BlueWaterSailor

    Dest's "Trade Against a Pro" Trading Challenge

    This has something of a "I'm yo' huckleberry" air about it. Once this gunslinger steps into the street, the only question is which undertaker is going to get rich off the proceeds... Man, ET ought to pay you. I'm still at the very beginning of the learning curve in my futures trading, so I've...
  6. BlueWaterSailor

    "No coding required" solution for algo trading

    Unless your client is a programmer, you're letting both yourself and him in for a world of pain. He will omit (or add extra) commas and quotes, delete colons, mistype, misspell, use the wrong case, and generally create merry havoc in ways you can't even begin to expect. Is there no way to build...
  7. BlueWaterSailor

    What are the most popular trading strategies?

    Baron, do you use anything like Bookmap? That seems to be the basic idea behind it, and I'm getting pretty interested in it.
  8. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Non-wheel: $161.55 IWM Nov 29 C163 / C162 / C164 $0.17db Another cheap Iron Fly experiment. Next time, I'll try it on the put side - there was essentially no skew, so the prices were identical, but I'd like to find out how the two are different. This week is going to be mostly dedicated to...
  9. BlueWaterSailor

    Why would anybody exercise early a DITM ES option?

    "Trading isn't gambling." :D Well... yeah, but... except for that one time... OK, maybe those five hundred times, but who's counting? (Watch pro traders, and you'll inevitably hear stuff like "yeah, so what's the spread on this baseball game? I'll take that", or "I've got a poker game planned...
  10. BlueWaterSailor

    Why would anybody exercise early a DITM ES option?

    Now, now. This "vacation" is going to be a week of playing with options and futures in sim. "No work"... shyeah, good luck with that one. Pulling me away from this stuff is going to require a locomotive, and I'd leave nailtracks in the asphalt. I'll take a real vacation - like a month of...
  11. BlueWaterSailor

    Spread Trading

    How do you know you're not just an AI that Baron wrote, with generated sense data being fed to your proprioception() function? https://www.iep.utm.edu/brainvat/ Daaaamn. Give a guy a little taste, next thing you know, he wants to bogart the whole thing. All right, all right, I guess there's...
  12. BlueWaterSailor

    Why would anybody exercise early a DITM ES option?

    Gotta remember: hedging is just a tiny part of the picture. I'm gonna be slaving away in these salt mines for a LONG time yet. Good thing I like salt. But yeah, I always get pretty happy whenever I get one of these concepts down. I work damn hard for it, and when it finally breaks through...
  13. BlueWaterSailor

    Why would anybody exercise early a DITM ES option?

    You have heard of MES, right? That's one of the benefits. https://www.cmegroup.com/education/courses/micro-e-mini-futures/hedging-with-the-micro-e-mini-futures.html But in any case, you're going to take a loss by exercising before expiration. A loss you would not have to take by simply selling...
  14. BlueWaterSailor

    Why would anybody exercise early a DITM ES option?

    Perhaps this place needs to have some equivalent of "Don't drink and derive" posted. :D Rest well!
  15. BlueWaterSailor

    Why would anybody exercise early a DITM ES option?

    I'm a bit puzzled. Your hedge and your option premium should move in opposite directions, right? Also, why wouldn't you simply adjust the hedge by buying or selling more of the underlying as the price moves? Given the associated changes in gamma, seems like you'd be making money in either...
  16. BlueWaterSailor

    Any of You Day Trade Options Near Expiration?

    You speak more sooth than you know. (Not that silly ad shit - although both Eddie and "Go See Cal with his dog Spot" are forever imprinted in my brain - but the real Crazy Eddie.) https://everything2.com/title/Crazy+Eddie
  17. BlueWaterSailor

    my divine commedia to optionality

    You've said a mouthful. And regrets suck; there's no way for you to "have known" ahead of time; if there was, trading wouldn't exist. You do what you can, and just keep forging on. The main thing is to win, and keep on winning. The main thing is that you take your shot, and damn the torpedoes.
  18. BlueWaterSailor

    Any of You Day Trade Options Near Expiration?

    Truer words have never been said! I've traded low-delta Iron Condors in 0-day $SPXW.X, and it's a wild-ass ride. Thetas and gammas in the thousand-plus range are "fun" to see, especially when the price is close to one of your short positions... if you're short on adrenaline, that's the position...
  19. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Now you've got me wondering if it's only TradeStation that codes their expirations this way. If so, then I've been assuming - wrongly - that the folks reading this journal would just get it and keep going. If that's not the case, I'll have to decode these before posting. '200117', in the above...
  20. BlueWaterSailor

    my divine commedia to optionality

    Sheesh. You just had to go screw up one of my fave histories, huh? That's gonna cost you, mister. (Admittedly, there are better passages in Henry V. The one before Agincourt is pretty decent. This one, I've always thought just a bit overdone.)
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