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2 iterations doesnt mean much my friend

interesting, Taleb mentions contamination (of convexity) on page 2 of “Dynamic Hedging”

Let’s try a fun experiment. Each week we can paper trade some butterflies on one volatile underlying and one nonvolatile one, and trade various flies on both and see how they perform each week. maybe one fly in SPY, one fly in TSLA or any other volatile stock like a RIOT or GME (as long as...

S&P spray and pray, my friend

It’s cheap for a reason lol read the latter part of my post and you should be in agreement

interesting! My eyes can't stand white backgrounds, especially at night.. are your eyes black with white pupils? lol

Ahhhh no dark mode? My eyes are burning!

Butterflies are more suitable for non-volatile underlyings, like you said. You'd have to be a marksman with precision to make a buck off a fly on GME or AMC.

Nooo! For consistency and as Desty has stated in the past, always quote flies in ascending order. Makes sense since that’s how our brokers quote them as well as examples in books/websites. Idk it looks weird when you say I bought the 230/200/170 classical natural. But to each his own!

375/80/85? When did you buy it? What was your basis/bias for entering? Why close it?

You guys quoting flys in descending order are friggen badasses! Lol

thats a horrible way to approach things. the game is amazing, and the plot is great too. never base decisions off what others think, it never works. Like reading reviews on products etc, always try it for yourself and then determine!

Like riskarbatticusdownprufconvexxdest would say, #DEMOTURD

i was being sarcastic, it’s hard to tell through text lol, very FAR from retirement. But AMC was a gift from the gods!

Hey Guys, after today’s action in AMC I can formally conclude this journal. Retiring at the age of 31. It was a nice ride guys! Cheers to all!

yup, a lot of randomized stocks seem to be crashing up at extraordinary rates.. don’t forget DDD, BB, QTT and I’m sure there’s more

Bizarre but my posts aren’t showing. Bought KO 29 JAN 21 48/51/54 classic @ 0.69 yesterday, currently quoted at 1.28

Amazing first three weeks of 2021 trading. this week is quiet, many many many many overbought underlyings are drifting up.. Praying to the optionality gods for a healthy -8% correction over 7-14 days. Monday morning I’m buying the KO 29JAN21 48/51/54 classical call currently quoted at...

Humility from a virtuous man... But I'd have to disagree, TBS hands down some of the best information about optionality on contemporary ET. Don't let his modesty fool you! This thread is a prime example of his gems.