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It's good to know you speak for everyone else when you say no one cares about beta. I wasn't aware of that. Someone stated a few times that I have given no indication of what my strategy is, but unfortunately my strategy involves examining beta of the entire fund. Ciao.

I'm referring to the overall fund's beta position, not the specific option spread. Is that OK? I should have spelled it out.

It's not a strict double diagonal, but delta is tweaked to create a net long position, resulting in a beta that is always at least .75

I did and do know what a hedge fund is, just happened to use it in a non-traditional sense. Here's a little more of my daily trading: Employing a double diagonal, with the added dimension of adjusting Delta (to tweak the overall fund's beta) corresponding with a contrarian position to market...

I doubt you have any grasp what my trading philosophy is. I'm not going to explain it in detail. If you think it's legging into a condor then that's what I'm doing then. The site is a public stating of my performance which can be proven in 1 minute to someone sitting across the desk...

I think it's because they figured out they are going to take a huge hit because of the calculated high residuals on the new mini-van which aren't jiving with reality. I remember reading when the new one came out they were touting a REAL high residual (I though to myself "yeah right") In the...

Basically, I'm not going to lay out exactly what I am doing but the performance speaks for itself. You don't have it figured out. An iron condor is one example that fits into the larger philosophy, but my version is not textbook. I take it that with your "good luck" remark that you...

Not quite. It's a net long fund, but there are 4 different types of positions each with 1 or more strike - short call, short put, long call, long put. The net position at any given time is LONG.

I did publicly state there was huge risk of a housing bubble a number of years ago, it's on an appraisers forum, I might even be able to find it, but that's neither here nor there. My trading is governed by a philosophy, but I suppose the closest known strategy would be an iron condor but...

The term you are referring to is Delta. It will range from 0 to 1 for calls and -1 to 0 for puts.

I thank you for the time you spent reviewing my site. It's not a call to raise capital, it's really a blog of my PERSONAL hedge fund. If you can show me where in the site I say I want to raise capital I'll gladly change it. Here's how I calculate my performance: On Aug 14 2007 the SP500 was...

Hi Greg, are you holding the options or are you writing them? Personally I find most theta decay happens during market hours. It's not linear with time. If you are holding options there is possibility of event risk which can work in your favour, and conversely if you are short options the...

Are they NOT paying interest on the first $50k?

Outfrickinstanding I just tried it but posted into Paint (no photoshop) and it worked. THANKS

How do you guys get the screen shots?

The market does what it needs to do to have the largest surprise factor. If you have to publicly ask why the market is going down today, you should revise your trading philospohy.

At the risk of spamming, here's mine: http://www.beatingthesp500.com If anyone has an idea for an article or page I'd like to hear it.

repeat: Your call has delta! You are delta neutral BEFORE you write but not after.

The reason it was useless WASN'T because the author didn't give instructions on how to trade the call.

That type of prediction without reasoning is absolutely useless to anyone