Search results

I've read through the book a couple of times. With the straddle on expiration day it looks like there are two opportunities. One buying earlier in the day at around 9 AM after the initial theta decay on the open and then looking for the crossing patterns and then again later in the day as you...

Here's a link to an interesting article detailing the proposals and a history of such proposals and their implementation around the world. Most impacted are HFT but their profitability has shrunk in the last decade anyway. Maybe we'll have some wider bid / ask spreads in the options...

My man Clarence Beeks can help you out with that. Will give you my venmo and after I have your cash and consult with Mortimer and Randolph I can send you his contact info.

I'd agree for the moment RIOT is off the candidate list. I'm lining some others up for Monday to put on and track on the journal page.

It was balanced with longs positions in BBI (Blockbuster Video), IPET (Pets.com), WAMU, and KMRT. I like the diversification having some tech, finance, and retail provides in my account. I don't even mind missing by paper statements from Lehman. I'm sure they email them to me but I don't even...

Wishing you the best of luck with this. I've been looking at doing the same starting in March / April 2021 after the sell of a business that will provide a good chunk of capital. I've been looking into doing the initial put selling in a slightly altered way of selling using a 1:2 ratio spread...

Final blow up took hours but he was stuffing his bad trades in the five 8's account for months. Selling premium puts in the Nikkei to cover the margin calls. Earthquake blew it up. Ironically 8 is the good luck number in Asia. Best part is the guy went on to be hired as a CEO somewhere. I...

All I can say is Nick Leeson is the man. Love how one guy can bring down the oldest Merchant Bank in England. Great checks and balances they had. But If you've scene the movie "Rogue Trader" all I can say is the trading jackets are straight dope. So many "red" jackets in every asian pit...

I put a 100 shares on Enron in my investment account in August of 2000 was trading around 90. Decided to be passive you know just let it ride and DRIP it. Haven't even bothered to check on it these past 21 years as I might be tempted to sell and really want to let my winners run. I'll give...

I can't quite figure that out. I sent them an email about it and no response yet. You're right it was out of the money all day do it doesn't quite make sense to me. And when I looked back at the fill they only took off the 133 and 134 call leaving the 135 to expire. I've had this happen a...

Final Update. Some interesting twists at the end. RIOT took off at 2:oo pm for max loss plus $3 to avoid paying the exercise fees. Bummer on this one but hey at least it's tied to bitcoin no matter how small my digital wallet is. If I could only find my code from the $10k in Bit I bought 10...

Agreed. I did do the shift in APPL missed it in RIOT and am kicking myself for it. Thanks for the input.

Update going into the open..... It looks like hope with APPL to rally towards 134 and an increased profit. That's good news given what will probably happen with Riot. I went to bed with hope with bitcoin futures down 5% and woke up at the end of the rope. Looks like RIOT will open around 25...

Going into the last day for these options. APPL Collected $0.55 on apple rolled down the 136 calls to 135 paid 12 cents to do it. Sitting on a profit of $0.33 if they go off the board worthless. Chance they could rally to 134 tomorrow for max profit. In Riot well it's been a riot. Stock...

Normal skew is flipped in options on vxx, sqqq, uvxy, and the like that usually move contrary to the indexes. Vol falls as these move down so that decreases the value of the option. Plenty of sharper minds on these boards than mine who probably have better input.

How is this different from what happens at Renaissance Technologies and the Medallion fund whish is closed and ran only for employees? It seems to significantly out perform their other funds. Maybe the have been sued and loss or won. I'm not aware. Or maybe they are more transparent and...

Creating this journal to log and share a weekly strategy in using butterflies. Premise: On expiration days equity prices tend to pin around the strike with the highest open interest. (Would love to have historical data to prove this and have posed this question on another forum in ET)...

Adjusted the Apple position today buy rolling down the 135 calls to 134. Paid 12 cents total giving up some of the initial premium collected from 55 cents but now it is a balanced position at 1:3:2 133-134-135. Did not adjust the RIOT position but might in the morning. Apple has sold off...

Looking at the other fly broken wing in APPL at 133-134-136 (1:3:2) I took in an initial credit of 55 cents. If i roll down the 136-135 as the stock has moved lower from initial entry it would not cost much to balance it off keeping some of the initial credit and lowering the risk and gaining...

Very good point. I made the choice to set this up initially as a broken wing fly to collect to be able to enter at a credit and have a small profit should the stock trade away from the hoped for pinning strike. Another option in advance of Friday as a management tool would be to give up some...