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  1. poopy

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    Nobody is going to "let it happen" and that's not the point. The limit order at strike width probably won't fill late in the day so the idiot will be forced to go to a market order. Even a limit order at say 75.20 isn't likely to fill. Before dailies/weeklies you would see spreads blow out at...
  2. poopy

    OT Question

    My point is that you need a discount to intrinsic (short gamma) to achieve + results. The LEAPS will still have a significant vega-component.
  3. poopy

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    I am not referring to the opening limit or the 1.6 cover. I am referring to filling near the close if the mkt didn’t move enough to avail an exit. A limit order near the close will likely be a debit > spread width. you need to stop and go away.
  4. poopy

    Algo & Quant traders

    It's an option on your model.
  5. poopy

    Algo & Quant traders

    A 6-7 inch clearance with the lifting gear, which wxyz doesn't have. Ask me how I know. PM me your VIN and I'll prove it to you. Conversely, show us the switch in the car with provenance (paper with ET written on it).
  6. poopy

    Algo & Quant traders

    You Gallardo doesn't have the lift. lol. The lift tops out at four centimeters. Four. It makes max-clearance under 17cm.
  7. poopy

    Algo & Quant traders

    The KBB is not indicative. I meant it as a joke. Their modeling prices it like it's a Corvette or similar. I am familiar with the Audi R8 and largely they are similar other than ground clearance as both are rear engine. The LP560-4 is an Audi block. They're dumb. You cannot drive them around...
  8. poopy

    Algo & Quant traders

    What type of person buys a Lamborghini? The Driven You will typically find such people toward the top of the social status due to their drive to do their best and be the best. Such driven individuals are willing to push through difficulty and make their way through to the other side, which...
  9. poopy

    Algo & Quant traders

  10. poopy

    Trading Breeds Assholes

    Goes for @Xela nicks as well, right @PPC?
  11. poopy

    Algo & Quant traders

    lol!
  12. poopy

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    The only reason to trade the OP's ITM spread is ignorance. There is an OTM spread in calls that is equivalent, but instead of a penny risk (74.99 cr) he will pay a three cent db. Consider it a convenience tax. The alternative is this f*ck going to expiration and TT closing it at 80 debit if...
  13. poopy

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    Do not trade a position, any position, which forces your broker to go market to close your position.
  14. poopy

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    omg. He can trade the equivalent call diagonal (OTM) with the same payoff. None of you i***** understand synthetics which is what put him on closing only.
  15. poopy

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    Well, no shit. He won't be able to meet his optimistic limit, so near the close the broker will need to fill at market so that he is not assigned. Being assigned would leave him naked on 5 lots of a deep ITM NDX put. Go away.
  16. poopy

    Should Arcades be called prop firms?

    Arcade is a Brit/EU thing, isn't it? We lump all legit and "deposit prop" in the same forum so I agree. The problem is that only a handful here have experience with legit firms like Quad, FNY, etc., so the forum would be tumbleweeds.
  17. poopy

    OT Question

    You all suck at directional spec so only trade call spreads. Long the 70-delta and short ATM. Preferably long delta flies but that would involve being able to think, critically.
  18. poopy

    Algo & Quant traders

    And worse than a coin flip. The guy takes credit for filling at prior close when it gaps at the open. At least they are actual calls.
  19. poopy

    Algo & Quant traders

    Link us and I'll link you to an 8-figure year on my PA/FO-account.
  20. poopy

    Algo & Quant traders

    Dude, you haven't ever posted a winning call in advance. You blew up in those stupid binaries and your short puts blew up, spectacularly. I'd challenge you to a contest for pink slips but I don't do peasant model Lambos from that era (pre crypto).
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