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  1. Wheezooo

    What is the edge in your trade?

    Wheezooo was what we originally named change in delta for change in vol. Someone said it was the sound they heard every time it happened. The sound of blowing through a kazoo. It stuck for a while, then became DdelV, which is a bit more appropriate. I forever called it wheezooo and later added...
  2. Wheezooo

    When P-C parity does not hold

    "in my particular market (China)" @Baozi, I'm avoiding this thread, as getting into a convo about calculating early exercise premium for an American option is an extremely complicated issue. But I have to ask, as no one has so far, what is the cross margin allowances in China? Has the...
  3. Wheezooo

    What is the edge in your trade?

    I never will understand that. To trade a market day in and day out waiting for an event, possibly for years, then when that event occurs you are not set up to rip the cover off the f'n ball, and instead spend that day trying to bail your ass out of trouble, when you should be moving into your...
  4. Wheezooo

    Thoughts on unusual options activity?

    Pretty much what @Jerk-off-store said. You try everything. You break it up and go through different brokers. You try to place most of it OTC quietly (good luck with that... I'd crucify a broker if they didn't show me everything that everyone was doing). You see if any big counterparties are out...
  5. Wheezooo

    Thoughts on unusual options activity?

    "Ex: Buying hedged calls is a great way make money as the market drops." I was a big fan of that one. Hate discussing the directional influences I allowed into my trading, but if I thought we were gunna crap... vol was low... that warm fuzzy feeling when the market shits and those calls are...
  6. Wheezooo

    What is the edge in your trade?

    Curious, as no option can create a 'net' positive or negative gamma position, why do you assume the positive gamma side will be doing nothing?
  7. Wheezooo

    Thoughts on unusual options activity?

    "Exp: big order to buy calls comes in and you notice the stock is at its 52 week low, maybe they're hedging short stock. It all depends." Do you have a way to separate spec flow from large delta-neutral traders? I say this as someone who except for one or two years was always the 2,000-pound...
  8. Wheezooo

    Is Credit Spread really profitable?

    "And stops on options? Oh man.." I was going to express the same sentiments, but then someone informed us that it is because we don't understand stops. I'll google them later.
  9. Wheezooo

    Thoughts on unusual options activity?

    "My point was that merely following large single-leg options orders is not a viable strategy." Thank you very much for that. I was just curious how you were determining P+L. As for your point, I agree.
  10. Wheezooo

    Thoughts on unusual options activity?

    "You can watch the block order tape on LiveVol. It has made me believe that the pros are losing a lot more than they lead on." I'm extremely curious. By what metric do you make that determination?
  11. Wheezooo

    Thoughts on unusual options activity?

    The SJ options they are connected to is clearly BS. "SJ Options "Trade Idea" service produced a 98% win rate for the last 4 years." Are people so desperate that this doesn't set off the bells and whistles that it should???
  12. Wheezooo

    Thoughts on unusual options activity?

    "Scanning options intra-day for >5x the average volume and scalping the move of the big trader." - Highly likely 'two' big traders. Which one do you decide to follow? "The biggest hedge funds/banks/traders have information we don't," - Less than you think. The bigger the market - this moves...
  13. Wheezooo

    Brave Browser, Anybody Using?

    Yes, switch from chrome was simple since they are both chromium based. Everything transferred flawlessly. Cannot say I see any difference in performance + or -.
  14. Wheezooo

    Is trading really hard work?

    Every moment I traded I felt like my head was on a swivel. Every tomorrow always felt like the great unknown. Your being subjected to variability never increases or decreases no mater how much experience you have. Over time you become more competent, but 'easier,' I'd say no. I eventually burned...
  15. Wheezooo

    What is the edge in your trade?

    "You put too many of us on ignore. :(" Nope, took him off ignore just now. Forgot I had it on. I think my first day I replied to him about a question he had, but in that reply stated I didn't know what DTE represented and he determined I shouldn't respond to him because obviously I don't know...
  16. Wheezooo

    Too Many Traders Are Cry Babies...

    "Someone with better emotional control using my same setups/edges could easily bang out $5K/day or more!" ...and don't do this to yourself. Don't trade for P+L. Always trade the best you can 'inside' your comfort zone. Be thrilled you are beating the market consistently, as that is rare. The...
  17. Wheezooo

    Too Many Traders Are Cry Babies...

    Nope, haven't in over a decade. Always loved natty though. Thing used to constantly get up and take the wildest walks. So many different component products as well.
  18. Wheezooo

    What is the edge in your trade?

    Honestly, I would have taken it as humor. It was everything that followed which changed that. Personally, I like to be insulted. It reminds me to call my Mom.
  19. Wheezooo

    What is the edge in your trade?

    "Plus Wheezoo in post 149 was glorifying sociopaths....sort of mocking those aren’t sociopaths, like you and myself, as having no edge" 1- I hope you made money today so you can go use it to buy yourself a sense of humor. 2- I was stating "one" edge, you yourself literally stated in bold, that...
  20. Wheezooo

    What is the edge in your trade?

    I'm retired. I decided to never again trade. I click 'pay in full' on my credit card websites once a month and that is about as close as I get to executing trades. Some months (rare) I look at my statements or move cash into a checking account. Exhausted just thinking about that. and +10 to...
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