Search results

Finally some time for a new entry. Due to personal issues I have been away from the market on the 25th-26th. The market, of course, decided to make dramatic moves exactly on those days. My P&L went back to the level before the big downmove (-3% from peak give or take), greeks same as before...

nope. It's a custom indicator I made similar to Bollinger bands in the sense that its width depends on price stdev, but it is recalculated only under specific conditions of price and volume, that's why it goes for long periods without changes.

Today basically been doing a whole lot of nothing. After so many days of going down, spot recovered a little bit, didn't sell more puts as it never went below 2.975. The only two things I did today: 1)buying a bunch of ATM 1dte puts (lottery tickets) 2)selling a couple of 2.75 long calls...

-Do you have an idea under which conditions your system A starts to degrade? It would make sense not having the protection in place all the time, as it would erode your profits -you could use a spread to minimize costs and time decay since in any case, this is just a temporary patch until your...

ok, so it was kind of a busy weekend, didn't have time to update. On Friday I bought the 3.05 calls to neutralize neg delta, sold them (at a loss) when the flash rally didn't materialize and kept the rest going, closed still with very modest profit (+0.3%) as spot continued lower. Today...

pre-opening thought year end in chinese market is well known for erratic moves, leveraged bets etc. Come to think about it, I don't exclude a super violent and short lived push higher. Just for today, will buy a bunch of cheap 5dte 3.05 calls. If the downmove happens I won't even feel it, but I...

Today I closed the Jan 2.9 short puts, as there was not much juice left in them. Now I have a lot of mar 2.85 long puts, a few 1:3 mar 2.85/3.1 call ratios and a shitload of jan short calls at various strikes, the lowest at 2.95. Never been so heavily directional in a while. Today the stock...

default settings are like that, I got used to it and after a while, it feels normal. Actually I could customize the colors, but I never bothered... It's because traditionally for the Chinese red is THE lucky color, it wouldn't feel right for them to associate it with losses..

Hi people, I would like to know what types of orders are you using for your trade, and which one works best in different market conditions. For slow markets I always do limit price, targeting mid or a bit closer if against the trend. The real problem, however, is a fast market: FOK? FAK...

This time I'm writing just before the open, yesterday was a bit busy. What to say, It's been a rough day. Killed the jan 3.05 long puts in the morning when I was feeling that it could push higher, and then bought a shitload of jun 2.9 calls to neutralize my deltas in expectation of a sudden...

Today was the day when I got my face chewed. During the morning the beast continued edging higher but without much conviction. I actually had a bad feeling because the other indexes were up, while the 50ETF was refusing to move, but I decided to stick to my plan nevertheless. Then, in the...

So.. it feels good when you just flipped to delta negative on Friday and on Monday morning spot rally died down.. but while it's true that in the next future I don't expect more good news to prop up the market, there is also not a clear catalyst for a selloff. sold the 1:2 3.05/3.1 call ratio...

Oh, how I was wrong.. Agent orange decided to make his fabulous statement during the week, not over the weekend. The move was big, and It kind of got me a bit unprepared. I was considering the phase1 to be already priced in, but instead the ETF went up another 2%. Along the move, this is what I...

Or a trombone. Or both.

It is my understanding that Dest trades these flies with equal risk on the upside/downside. In order to do so, the body distance from the expensive single put has to be twice the distance of the body from the cheap 2 puts. So if you have the body at 3120 and the 2 cheap strikes at 3105, then the...

Phew, finally home. This morning I bought a few more long dated puts when the etf briefly flirted with the 2.95 level, as they started to become really cheap. As I said before, my thesis is that currently the main risk is on the downside, so I'm steadily increasing the puts inventory when I...

today and tomorrow I'm travelling so no access to models/data. P&L up 0.18% due to the upward move almost touching 2.95. Not sure if it will retrace tomorrow as the other major china indexes were down today. no changes in inventory.

as expected the day was flat, but I saw some momentum picking up during the last hours. Better safe than sorry, I closed out the short calls at 2.95 on the 14 DTE. P&L gain almost nothing (0.02%), mostly due to theta decay. Now these are the greeks: As for tomorrow: Narrative: tariffs once...

It could be listed through one of those stock connect programs but I don't know, I'm with a chinese broker so I trade directly on the shanghai exchange, no idea what is the availability to the outside world, but I know that there are futures traded in singapore. Spreads are good, ATM/OTM...

So far so good. the index dropped a tiny bit but overall my P&L is at +0.04% due to IV reduction and time decay. Didn't buy/sell anything today. My greeks: NARRATIVE: a bunch of non-news, but the general feeling is that this time there will be a deal, after all. China seems to be backing...