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  1. poopy

    Spreads versus Butterfly

    My buddy had a lake house in New Buffalo MI and Ken G was the next door neighbor. They had accelerated cliff erosion due to the storms (climate catastrophe) and it took me about 10 minutes to calc that the hypotenuse (house elevation to shore) was going to terminate in their living room. House...
  2. poopy

    Spreads versus Butterfly

    You can get the implied borrow on HTB shares by pricing the synthetic at duration. You can price the RFR (absent divs) by pricing the index forward. You can gain exposure to rates via that forward. The utility is endless.
  3. poopy

    Spreads versus Butterfly

    Parity relates to an arbitrage which involves long shares and short synthetic shares. Ignore the forward for a second. If shares are at 102 with a 100 call at 3 then the 100 put is trading 1. If someone is offering the put at 0.8, you buy the put, sell the call at 3 and buy the shares at 102...
  4. poopy

    Relative Volatility Index

    why not simply chart HV or as an oscillator to a n-period mean?
  5. poopy

    Spreads versus Butterfly

    Learn synthetics. It's easy stuff and it is practical. The call fly NBBO was 30 cents wide while the pfly was filled two cents off mid.
  6. poopy

    Spreads versus Butterfly

    Well it was good to 15.38 and peaked terminally at 16. i made more than you did and i earned the credit in a day. I would never trade MARA but wanted to see if I could receive reasonable fills.
  7. poopy

    Spreads versus Butterfly

    The 14/16/16.5 fly traded at a credit of 0.2 yesterday. My fill was sht. Price the asym-fly into the natural which gives you the debit risk and fill via the synthetic as it's at worst only one ITM leg. The synthetic gives you the credit tail value. i run them at x (zero outlay) or credits. In...
  8. poopy

    Spreads versus Butterfly

    a ratio spread is three vs four contracts. shares were mid 16s so you were planning on a 16/17 or 17/18? Neither made money...
  9. poopy

    Spreads versus Butterfly

    Modality, dude. You're long MARA at the open and end up short at the close. What good is the signal if you end up violating it via your delta-position?
  10. poopy

    Spreads versus Butterfly

    Paying only exchange fees opens you up to the marginal play not available at retail rates with SCHW, E*Trade, Fido, etc.
  11. poopy

    Spreads versus Butterfly

    My MARA ten-lot cost me $7 round-trip. $143 gainer net of fees.
  12. poopy

    Spreads versus Butterfly

  13. poopy

    Spreads versus Butterfly

    You spent $60 to transact this fly and net $30?
  14. poopy

    Spreads versus Butterfly

    What was the size?
  15. poopy

    Spreads versus Butterfly

    MARA NBBO is stupid.
  16. poopy

    Spreads versus Butterfly

    Modality kills. You can buy dinner (no drinks).
  17. poopy

    We need some re-naming of things

    bc the clerk isn't allowed to yell and it's quicker than running to the pit. It's an arb relative to the runner with an order slip.
  18. poopy

    Are Elliot waves too subjective to be objective?

    Elliott died broke. There is nothing to back up this guy's claims, CV, etc.
  19. poopy

    Luxury yacht sinks near Sicily, or the revenge of HP

    Dude clearly orchestrated that waterspout.
  20. poopy

    Are Elliot waves too subjective to be objective?

    I've worked on the sell side and as a PM at some funds. A fiction of seven years running the EMEA desk at JPM. What proof we you have other than his HF is his personal account and his agribusiness had $20K in assets in 2017? Multiples of his net liq? Where is it shown? WTF does "multiplied his...
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