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They give you margin practically for free and have rock bottom commissions and institutional level tools that you don’t get anywhere else. When they answer the first thing I hope you said was “thank you for taking my call, what information can I give you to help me?”

Right. She’s about to lose control of her own company but, ok sure. Bitcoin to 500k.

I like it... weekly in here suggests you may get a range for a couple weeks which is kind of in line with current events.

Perhaps he should sell calls down here like you were going for

Selling spy calls into rising volatility. What could go wrong there?

You could take 125k from your Roth, buy 3,000 shares of spy for the same amount and keep this game going, you know that right? And if you hedged it right you get all your capital back.

Every time people come up with an idea like this, they should Google a charity they like and donate the notional value of the trade to it. Same end result to the user, but your benefitting Ronald McDonald house instead of citadel

Sounds like a strategy written by a merrill lynch PMD

It’s working in spite of the structuring. Lesson learned on term selection.

Tried to hedge it with a box to see and it didn’t work. Didn’t get the Greeks offset evenly at all. Probably best to hedge with stock. In this case I could keep the Vol and hedge short stock. Not terrible

The up and out is looking much better out of the gate. But I’m long vol now. Not great.

To anyone wondering; not great! when the spy comes back in to touch the triangle I will throw on an up and out and see where that goes.

The Greeks are in my favor but I’m certainly open to ideas. The payoff looks like selling a fly except I am selling vol. I also run the risk of getting assigned here. An up and out diagonal may be better.

Selling the back month at the money ..

In the simulator; Rationale: triangle about to break out to 380-390 Long stock; due to negative delta at inception - should I gamma scalp? last point; my buddy is a pro at a bulge, told me not to cap upside on this trade.

You’re literally asking for a stop order and yes they do otherwise they wouldn’t be a licensed Broker dealer.

IB

I don’t think anyone is actually following you, or you wouldn’t have reincarnated a thread that was dead for 10 hours.

Sounds like you could put this in an algorithm. Not sure why someone would manually trade this especially doing odd lots.

These photos prove what exactly? Doesn’t say if you’re long or short , does not show your PnL, does not show where or if you even closed the position. Does not state your risk to net liquidity.