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couple of questions. Whats your basis for entering this? Personally, I trade flies on underlyings that are $50> Although $RIOT options are liquid, was it difficult filling your order? You didnt specify but I'm assuming you chose the monthly 15 JAN 21 contract? Notice the implied vol of 204%...

jumping on the journal bubble since everyone’s making threads nowadays. plus I need a place to lay out my thoughts since I’m always scattered, with an influx of information I need to extrapolate to innerstand for my trading methodologies. will be mostly trading flies (all variants) mostly pin...

do you mean instruments who’s spot price is INFLUENCED by its derivatives? Only reason I say that is because a derivatives price is determined by many things with its underlying being one important one. this would be a hard concept to extrapolate. because we all know our modern markets are...

elaborate on “a very unique one”

You could look up any book and find a bad review, i read most of it and learned a ton. You gotta remember sle is in the business of MM’s, or was, so his knowledge is deeper than most . Also, idk about you guys, but I tend to read finance books in random segments. I don’t read books about...

Jeez, a thousand greenbacks to place a diamond grid on a chart and for some risk profiles of various fly strikes... but hey we all gotta eat

@bbt80 Heres a few suggestions from my personal library. Books: "Dark Pools" by Scott Patterson (must read) "Market Microstructure Theory" by Maureen O'Hara "Inside The Black Box" by Rishi Narang "Financial Markets and Trading" by Anatoly B. Schmidt (must read) "Dark Pools - Off-Exchange...

This entire thing is a mess. Heres what we know. Nobody knows anything. Masks most likely don't work, even if they did its still ridiculous. We know a lot of people submit without questioning the narrative and that is frightening. Regardless if you are anti-establishment and...

How is futures.io? I've never heard of it edit: you should post here as well, I'm looking forward to your research. I'm always looking to learn something new about order books and microstructure

I also wanted to ask you guys, does anyone know anything about Charles Cottles chart software? It’s called Diamonetrics, and it looks like he was pushing it around the time he published his two books (must reads, seriously.. probably the best books on optionality, way better than boring...

yeah, we can only speculate. But you made a great point. De la Vega was a contemporary reporting. So if he’s writing about the things he’s seeing that means these things exist. Did these things start existing the day of his observance? Most likely not, the markets he observed and speculated in...

#GEOFLIES

I thought I was the only one, but I’ve been studying the butterfly. Lepidopterra I think is what they are called. Single strike butterflies are called caterpillars Fly spreads with DOTM wings are called swallowtails I’ve been dabbling in euclidean geometry too, since the markets are...

as if 2020 wasn’t any less clearer, but I hate to be the bearer of bad news... but probability is an illusion. It doesn’t exist. whoops

Bitcoin is a great way to see how the public reacts to bottoms and tops. All of a sudden seeing a lot of people who shouldn't be speaking about a particular investment (bitcoin)? Well most likely its probably at all-time highs. Not hearing much about bitcoin anymore? Well its because bitcoin...

Usually when someone has zero interest in something they tend to not understand why others are crazed about it.

Why wouldn't you use flies for breakouts? Do you mean breakouts to the downside? Because of the increase in volty? The thing is, stocks like TSLA have upside skew as well, so even a breakout to the upside can raise implieds (as you probably are aware). Your post brings up a few important...