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Which product are you guys trading? I mean if the underlying is illiquid then yes you'll have problems, especially with wide B/A spreads. If you aren't getting a fill try moving your limit order up a few cents and let it sit and see.

Exactly.. that list makes sense.. Comparing her to Jason Bond, however, no...

Dude if I escaped Lebanon and made a grip off DOTM puts and have published 4+ successful books combining philosophy and optionality I might have an ego as well. Taleb will grow out of it as he gets older. Some drop the ego earlier, its all on the individual's enlightenment in this journey. But...

Safe to say you've never read Taleb in your life lol

Maybe Talebs self-referential ego-style annoyed you because it reminded you of some traits of yourself. Taleb is always a great read, regardless of his faults.

But if you learn from this complete bust of a trade, is it really a loss? Next time before you buy calls, make sure the stock isn't up 100% since summer.

I'll do you one better... 666 low in 09... well about a decade later (3,666 days) here we are....

Drastic difference, and wouldn't categorize Karen with these schmucks. These guys are professional get-rich-quick scammers. Karen is more methodical, shes in the hedge fund realm, not producing youtube ads on a private jet flashing money looking for 20 year olds to subscribe to their discord.

Damn, I made this thread over a year ago. Now look, Jason is done! Thank the heavens, those youtube ads were scarred into my membrane HEY GUYZ & GALZ

Thats why I prefaced with "For me" lol.. and idk what being a day trader has anything to do with this.

well yeah, in a black swan.. but normally assignment is rare.

I'd like to add that although a symmetrical natural fly (+1/-2/+1) has risk on both the upside and downside, there's a distinction one should be aware of. Example: 105/110/115 call fly. If spot closes below 105, the entire call fly will expire worthless, obliterating your debit. But if spot...

are you talking about parity?

RIP

Hoping Robert tames his emotions so this thread doesn't go off the rails. Anywho, lets think about this. Take the broken-wing fly, then take the 132/231. They are very similar, as we all know. But lets take a lookie... Broken-wing flies have an "appended wing" attached. Lets say you're...

please elaborate what you mean by “buying the ITM option at a major discount, much lower than intrinsic vAlue”? There’s always a caveat in a trade, so what steps did you take in choosing which strikes guts you’ll short?

Straddles are where it’s at until that unbounded risk slaps you into the abyss. Buy some wings Robert, it won’t hurt.

IMO... Time is orthogonal.

Thanks for the response. I have a few questions. When you say ratio flies, are you referring to the 132/231? What expiration are you trading these? And how far away from the money are you selling the belly usually? This method is worth looking into, it looks like a legit way to sell the skew...

Bobby what you know about flies? You’re too scared to sell guts ATM lols