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  1. TrustyJules

    TLRY Options

    Because most put holders are not shareholders. They cannot put shares to you they do not have.
  2. TrustyJules

    TLRY Options

    I have no opinion - I am not touching this stock or its options. Having said that check whether you can actually do this as one transaction with your broker. Mine has limited trading in TLRY so that you have to leg into such a position.
  3. TrustyJules

    TLRY

    You can put conspiracies away - the problem is the small float from the IPO. With most shares locked up with the institutionals there is not enough shares to go around. The mistake of the exchanges was to open options trading on the stock with such a low float. This attracted a multitude of...
  4. TrustyJules

    TLRY Options

    yes bull put spreads - the chance of assignment there is low due to absence of shares in the market. If you look at P OCT19 60/80 - you can collect just about 6$ with the stock at 175$. As the upward bias is absurd at the moment. The calls on the other hand once ITM and you are short are a...
  5. TrustyJules

    Iron Condor on TSLA

    Can you post your trade and the timing - you speak of the SPY and a stock - did you trade the index or TSLA?
  6. TrustyJules

    TLRY Options

    @Pekelo dunno why but your Reddit posts keep coming up as a link that leads to a 404 not found page. Its a shame because your description of them is often tantalising!
  7. TrustyJules

    TLRY Options

    Robert Morse remarked on another thread that you should examine the open interest ATM and OTM and then see how that compares to ITM. Remember the stock has gone from 80-180 in the last week, on the other side at least three people were assigned including the one with the weekend surprise. The...
  8. TrustyJules

    TLRY Options

    Just running to the airport so only a short remark, those who got burned mainly had the call side assigned against them. One guy reported it cost 5000$ to carry one weekend 3200 short shares given the crazy borrowing rates. You are then left with the put side where the extrinsic values are way...
  9. TrustyJules

    TLRY Options

    I would not recommend it - following other sites almost all the people that went for it got burned.
  10. TrustyJules

    TLRY Options

    Thats the issue the IV put is totally out of kilter and making it quite dangerous to hold the short side on any of these trades.
  11. TrustyJules

    TLRY borrow rate at IB is.......

    The stock cannot be shorted because there are no available shares to borrow. The execution was of course Friday very late and there were a load of them. The total value of his trade was in the 27M range - sizing is everything. His big mistake is that some of his butterflies had positions with...
  12. TrustyJules

    TLRY borrow rate at IB is.......

    Well the owner of the account closed the 1000 butterflies for a six figure loss. As ever there is never a free lunch on the market. Position sizing even when you think you found a great trade remains a key risk management method.
  13. TrustyJules

    TLRY borrow rate at IB is.......

    Yeah - you would wish it was if you were him its a real position and he is in trouble as the short side is assigned. Edit: And Destriero removed his post calling into question the veracity of the position so mine looks silly. Man man - you are a case.
  14. TrustyJules

    TLRY borrow rate at IB is.......

    Here is the position of a friend (not me honestly) Well that was his position. Some of the 1000 butterflies he sold had short calls ITM and got assigned over the W/E. He is looking at a very difficult chat with his broker on Monday. The timing is I think to Sep21 but there may be multiple...
  15. TrustyJules

    TLRY borrow rate at IB is.......

    The options for TLRY are also crazy. Thursday and Friday there were considerable Iron Fly and IC sales for more than the width of the strikes (i.e. guaranteed profit in theory). The thing is that it is so volatile and the spreads are so wide you have no idea whether you could ever close ahead of...
  16. TrustyJules

    question about selling a Deep In-The-Money call

    When I read these kind of posts you understand why the agreements you have to sign with brokers run over so many pages.
  17. TrustyJules

    Trigger: BZUN Hits a Technical Trigger, Right Now

    Ophir this is not the point - you had better timing than me perhaps. However whichever way you look at it this does not qualify as a "Mammoth Bull Run" unless your Mammoths are truly puny: Mammoth: huge. "a mammoth corporation" synonyms: huge, enormous, gigantic, giant, colossal, massive...
  18. TrustyJules

    Trigger: BZUN Hits a Technical Trigger, Right Now

    Well I entered this trade as a ratio trade with additionally a sold call at 65 later exchanged for a call at 60. I am in the plus as the stock is trading below 50.50$ but I am afraid CML's Mammoth Bull Run really was bull and the chart indeed doesnt mean anything.
  19. TrustyJules

    Delta 85

    The comment on the rest is.... it depends. IV can go be much higher than that or much lower. It is not a fixed metric to say 85 is too high and 15 is too low. Volatility collapse also doesnt follow a straight line towards expiry - in fact say Thursday before the bell volatility will tend - not...
  20. TrustyJules

    someone backtest this long-only strategy

    For 80 days the result is +6% against SPXBuynHold +8%. There is one trade only - not sure why intra-day makes a difference I took EOD data.
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