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Apologies. Nobody else contributes to his threads. I'll look closer next time.

I can't stand him and I love everyone.

Then WTF did you start a "repair" thread? You going to buy a put? Tao has outlined a strategy that improves on the share-performance to $20 (wing strike) and recovers your short put loss from 20 to inf.

You only need 513 for NQ.

I'll pay you to STFU.

"If you're calling with V/MC/AMEX to cover your account debit... press 1 now."

I hadn't read the thread. Literally just that one line. I wrote "wrong" to wind you up.

That's what I am stating. I wouldn't use the position solo. There is no direct synthetic here for the position as a whole. It appeals to mor0ns as you're doubling gains (terminally) between the strikes and it makes you happy.

In the above pic the combo is doing better, but isolating the backspread shows the debit dropping as it's a bear spread at inception (and MARA is rallying). You have to choose a date so use a heuristic that achieves the backspread at no cost. I like the combo just that shorting puts on...

Why is this so hard?

Short the put -> shares drop -> assigned -> long shares at 22 with current mark at 17 -> short 17-20 backspread. You choose the strike x maturity that results in a minimal outlay as it's in effect raising your cost basis on the shares. The resulting position is 100 share risk below 17, double...

So it's long 100 downside below 17, long 200 (less debit) from 17-20, and terminates at max gain upside above 20. I wasn't going to bother with this post, but it's not something you'd want to do as a standalone position unless there was upside skew (in high vol of vol shares like ARM, meme...

It's not a synthetic fly. It's share risk downside and the strike width of the backspread, less the debit, plus the share gain, upside. It's not bimodal like a fly (always long delta) and has D1 risk downside. There is no point in a "repair" strategy if you flip deltas upside. It's what should...

Yeah, the short backspread is an answer to a question nobody should be asking. The shares act as the missing upside wing of the fly. Adds 50 cents risk downside. It's good.

Now was that so hard? 90% of this site has profound ADHD. It's mentioned once in your gibberish on page 2. I had to ctrl-f.

Tao's idea to short the backspread is a good one. Maybe post an expiration next time? I'd did think any of you have posted a date. I'd solve for a date allowing for zero outlay which is probably achievable with the following week's series.

Gamma risk to D1? It's only shares.

Wrong

You called Friday up. You called Monday up. You are an absolute train wreck. You should have a legal guardian.

The shit is e-gold w/o the benefits. wheeeee