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Mav88, This is not specific to Victor's fund. Probably more than 99% of all managed funds (mutual funds and hedge funds) mirror and closely approximate the SPY. If what you say is correct, then there should be no managed funds.

Soon2Bgreat, Good question. I suppose the answer is both... (forgive the forthcoming run-on sentence)... For instance, if I am short a naked put that is OTM and we are close to expiration and the strike is close to the underlying, AND I know from testing that expiration weeks have been very...

Dear Soon2Bgreat, No worries. If you keep asking good questions, you will fulfill your account ID... Soon you will be great. Selling S&P puts naked is an incredible way to make money, and if done properly, is not a risky method at all. Recall that synthetically, a naked put is simply...

As Visaria has permanently left this thread, I would like to reveal that everything I have said about him I did not mean in the slightest. I only wish him well, and I retract any negative words. I agree with him that Victor is indeed quite a "decent chap" on a personal level, and Victor is a...

Dear Soon2Bgreat, Option charm can be used indirectly in picking your short strikes close to expiration. For example, regarding the short puts on SPY, consider the 127 strike. As I write, the delta is "decaying" at a rapid rate, nearing zero, as we are just one day from expiration and the...

Dear Visaria, What "exchange" were you a part of? My guess is the famous "Marijuana Banner Exchange" at weedbay.net? http://www.weedbay.net/articles.php?action=cat&acid=10 Getting high does not qualify one to being an expert on options good sir...

GTG, Hello there... You could probably answer this question yourself. What do you think will happen to the delta of an option if the underlying does not pierce the short strike very close to expiration? (Consider how the ITM options' delta rises quickly to 1.00 and the OTM options' delta...

Visaria, You are a detritivore of the human species. Clearly, you are a nobody who simply wishes to engage the ranks of those you could never touch or emulate. I highly doubt if you were an options market maker anywhere in your past as you claim. For instance, the CBOE, CBOT, and CME...

I included the edit above that you also make significant money on the put options' rapid theta decay, in addition to the option charm, delta, and vega. You can also scalp gamma at this time. Towards expiration, if I think the big houses will pin the underlying at a particular strike I...

Visaria, That is a good point, we do in fact trade other contracts. We like the SPX because of many reasons (data availability and favorable skew and profound upward bias), but it is important not to limit one's universe. The universe is infinite, and so are potential trading ideas. It is...

You are missing the point. You are taking one single observation that did not work out and extrapolating it without merit. Victor tests everything, and I mean everything. You would be shocked at how many latent phenomena can be made manifest into profitable trades. The point is that...

Visaria, It is not as easy as it seems to multiply your money many times over within a year. Many investing contests ask just that, with a particularly famous one where $10 thousand dollars (real money trading), is multiplied close to one million dollars (typical amount that wins the...

Pekelo, Someone before brought it to my attention by checking IP addresses and such, that I and my family are in Connecticut (where Victor resides). That is true. But the fact that my family is in Connecticut that does not make me someone that I am not. It is just a minor coincidence that...

Dear Visaria, I thought sincerely that we were past such attacks on each other. This response proves that you are in fact a knuckle dragging troglodyte. Or, you may have had a left temporal lobe brain lesion or other traumatic brain injury that could cause such incongruous behavior. How...

Interesting. When I typed in "Victor Niederhoffer" in the Google Search, this thread came up as the fourth highest ranked URL on the Internet. I again ask Pekelo and others to visit www.dailyspeculations.com, and join our community.

Dear Visaria, Please recheck your sources, Victor was indeed close friends with George Soros, and spoke and even played tennis together on many occasions. Again you made an error when you thought regarding Soros "I believe he realised at some point he would lose all his money if he continued...

Dear Pekelo, As I mentioned before, I hope you do not believe I am Mr. Niederhoffer. I don't seriously believe anyone here conjectures that I am he. I never pretended to be, I just am very close to him. My only interest in defending him is because he is a generous and humble man, and I do...

Dear Visaria, Please understand that I did not disagree with your definition of the word "modicum", only in your interpretation within the context of the quote. As I mentioned, you misinterpreted Nassim. I agree with your definition of the word "modicum", which is clear. As you mentioned...

Dear Ms. Visaria, You likely are of Indian origin, as I have a few friends who share the surname "Visaria". I respect India immeasurably as a country and as a people, so I feel I need to send you more understanding and compassion. You attacked Victor without basis, and I admit I became just...

Dear Ms. Visaria, I ask you to merely read the above post that you wrote in your profound eloquence. My silence is deafening. I took some offense to it because aside from the fact that it is complete fabrication, the content, spelling and grammar are that of a 2 year old. But again, I am...