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Odd you brought this up. Today I was thinking about Louis Bachelier and his revolutionary thesis paper "Theory of Speculation". I just sometimes sit back and watch these markets and consistently dumbfounded. Dumbfounded in the sense of it not making any sense. And trust me, I'm one of those...

Interesting. I've always used volume/price/time in my trading and VWAP always fascinated me, yet I have never utilized it to its potential. From my understanding VWAP is only useful on intraday charts? Usually like a 1Day Xminute chart?

I visit this journal for a second and I see they throwing rocks at the throne!

#EVERYTHINGEXISTS

I never really understood how the pull/call parity can be used as a way to gauge market sentiment.. can you explain what you’re seeing here?

Really? I approach it almost the exact opposite. The $VIX and my buying power are highly correlated, more magnitude and I increase my buying power.

It depends on if this strategy is even scaleable no? also if he increases his size he needs to assume a new P/L profile

although I enjoy your thoughts and posts.. you may be overthinking a lot of this. Just saying. You probably know that though. Keep at it man!

Good to hear from you. I like the trade. Your fly is marked around 2.35 now. I'm wondering where are you getting that Fed Fund Futures table?

Cmon bro, get with the times. lol

Kinda shocked by this thread Bobby, from you especially. Don't feed into the interwebs, we all know this correction was absolutely needed. We were over-extended and it was a matter of time. We shouldn't question if anyone follows tastytrade, just focus on your own account, no matter what tasty...

You are overly focused on another mans pockets. Focus on you brother!

depends which long convexity is one buying? The embedded convexity within a call is priced in for a reason. Be careful of buying expensive convexity in hopes of multiplying your P/L. I’m not speaking to you personally @ironchef i know you and @Magic are more well versed in optionality.

I have noticed a lot of energy stocks have been descending. This week I traded Alcoa and Exxon for a short squeeze pop up, both worked well. CL is going to be a good buy soon.

fuckkk I’ve definitely fat fingered a few orders. I ain’t gonna lie, the formality of an option chain sometimes confuses me. I mean there’s so many different expirations especially on products like $SPX sometimes I’ll pick the wrong term unknowingly. Although this is rare it does happen.

Bro, what? lol @Magic

How does one hedge a long call in $SPX? Depends. Like @Doobs789 said, assuming you want to hedge deltas, which delta do you choose? Delta based on implied vol or delta based on realized? This question has been asked since options existed. I don't know your portfolio greeks and stats/ratios...

"Theta is called rent by traders" Have you ever incurred time decay phobia? lol As far as its calculation, that is far beyond my comprehension, and yes I have many option theory books and every time I look at the formulas my brain buzzes. Theres levels to these formulas too. The simple PDE...

I'm going to try and update this journal at least once a week (if not more), I'm busier than usual at this moment and its getting in the way of my trading. Anyway I opened/closed 2-3 trades this week. 2/3/20 $XOM SOLD -2 20 MAR 20 60/57.5 PUT @ $0.83cr $AA BOT +200 shares @ 14.04 2/5/20...

I'm trading $SPX fly's with paper. Last week I did this. 7 FEB 3220/3240/3260 242 PUTFLY @ 1.20 risk Its currently quoting 1.85. I'm going to take this one off.