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  1. BlueWaterSailor

    Russia & Ukraine

    Do you actually read English? Try rereading what I wrote, S L O W L Y. Maybe, you know, make an effort to understand it instead of looking for shit to argue about. The Germans didn't stop Hitler. The Allied forces actually had to fight their way to Berlin - lose all those men - at which point...
  2. BlueWaterSailor

    Re-centering a short strangle

    True... sorta. Some people are highly successful at it, on a repeated basis and for many years. Those are not accidents, and there's definitely a skill component to it. :rolleyes: There may not be any - for you. If you don't believe that you can get to a skill level that will pay for the...
  3. BlueWaterSailor

    Re-centering a short strangle

    Those are all excellent points - or at least questions that you need to answer for yourself (and that is the hard part of trading.) It's why many people recommend that you learn to trade D1 before you even think about trading options. Yes, you can only express a binary view - but there are a lot...
  4. BlueWaterSailor

    Re-centering a short strangle

    Much better read as "recommended by Tastyworks, which is a broker whose interests are not aligned with yours". The technical aspects of options take some effort to learn, but you can get them straight from the books; no "experts" needed (note that I'm not saying this about trading options...
  5. BlueWaterSailor

    The IV risk with short strangles

    Interesting. Although I found this pretty entertaining:
  6. BlueWaterSailor

    The IV risk with short strangles

    There's an old joke about a market maker who saw a $100 bill on the ground and walked right by it. When asked why, he said "it's obviously fake - if it had any value, somebody would have already picked it up!" Have you ever actually traded an option, @panzerman? Not in the classroom, not...
  7. BlueWaterSailor

    The IV risk with short strangles

    Any strategy can "wipe out years of profits" when done wrong. "Buh buh buh buying calls/puts! Fixed risk, no?" Not when you max out your account on those and lose it all on a single bet, no. "But what about blah blah blah strategy?" Same thing, no matter what you do; it's all risk based on...
  8. BlueWaterSailor

    Russia & Ukraine

    Oh, FFS. If "there are a couple of nutjobs with agendas among millions of people" was an actual reason to attack a country, the US would have bombs falling on it today. Grow up.
  9. BlueWaterSailor

    Re-centering a short strangle

    Er... cost seems like it would be the first and most obvious one. But there's one that's less obvious but much worse: you were wrong on your perspective when you opened this trade - i.e., predicted that the price wouldn't move, and it did. Why would you remake the same bet with the same neutral...
  10. BlueWaterSailor

    Russia & Ukraine

    Precisely because Germans didn't take him out beforehand. Which is all the more impetus for those same "criminals" (wait... didn't you imply they were all his helpless puppets? How can they be criminals if that's the case?) to act. But the Russian scenario is nowhere near that of Germany. No...
  11. BlueWaterSailor

    Russia & Ukraine

    This is true, but completely irrelevant. Were you visualizing some some sort of a Monty Python jacquerie, with the peasants standing outside Putin's palace waving their torches and pitchforks? That's... not how power works in Russia. Or any tyranny. It's a story as old as history: for any...
  12. BlueWaterSailor

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    THERE we go; that's the ON I'm familiar with. All class, all the time. By the way... if it's not too much of an ask... I bought some ON shares for my IRA, and it dropped like a rock. Would you call up your people and fix that shit, please? I mean sure, cute prank and all that, but - not cool, bro.
  13. BlueWaterSailor

    Seriously, is VIX broken or some crazy stuff?!

    Well, YEAH. I mean... it should be obvious from the chart.
  14. BlueWaterSailor

    Seriously, is VIX broken or some crazy stuff?!

    It's an index. CBOE and others have issued a series of ETFs and ETNs that track it and different aspects of it. When people talk about trading the VIX, they're referring to one of those (e.g., $VIX.X.) https://www.macroption.com/vix-etf-etn-list/
  15. BlueWaterSailor

    Short put is deep ITM. Advice!

    Dude, what kind of drugs are you on? You spouted some nonsense about wheeling somehow being "safe" and spreads making you "terrified". I told you that that's not how it works, which is on par with having to tell someone that water is wet (and in your case, having to explain it in detail, with...
  16. BlueWaterSailor

    Short put is deep ITM. Advice!

    This year. If it's actually true, then congrats, and stick with it; the market has some lessons to teach you. Oh, say 500% YTD - assuming he picked the right underlyings and direction. Zero adjusting - if you tried to actually read what I wrote, I've mentioned that a number of times - and...
  17. BlueWaterSailor

    Short put is deep ITM. Advice!

    You keep saying things like this, but you never actually explain what the risk is. Nor do you seem to understand that the wheel is far more risky with regard to exposure than any normal spread could be; after all, a short put (and the CC) is also a "spread" - just one with a no-cost long at the...
  18. BlueWaterSailor

    The Rocket will be taking off tomorrow

    Soyuz MS-22 is the day after tomorrow, and Starlink Group 4-35 is the day after that. Unless this is some kind of a prediction about the market, in which case an audited blotter with $1M+ worth of results would be required to make it anything more than random noise.
  19. BlueWaterSailor

    AMC is bankrupt or going to be ?

    That's what makes a two-sided market with good liquidity - and plenty of naive money to cross the spread and provide good fills. Sounds like good times to me. :)
  20. BlueWaterSailor

    Short put is deep ITM. Advice!

    "Messing up the spread" how? If someone exercises early, you get the remaining extrinsic for free. Where's the problem? Spreads are a rare exception in TT; they preach selling premium. Back when I was listening to them, I wanted to learn about spreads - and as I recall, I found exactly one...
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