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Appreciate your earnest response. Tastytrade teaches a lot of good stuff for the uninitiated. Hope you continue to grow. Good luck, my friend.

Tastytrade doesn't provide their viewers with strategies to mitigate risk? Does Tastytrade's refusal to release a P/L for their own trading not bother you? Does Karen Bruton's story not concern you? The two portfolios managed by Tom and Tony that publicly saw significant losses don't concern...

How sure are you of the optimal theta decay curve for this time frame? Why 50%? Why not 60%? Why not 40%? Why losses at twice the credit received? Why not 1.5x? Why not 2.5x? So is this how you forecast volatility or do you not forecast at all? What sort of drawdown do you expect? How...

Proctologist. I'm pulling my head out of mine own arse every single day.

Physician.

I use an abacus.

We're all still trying to balance our short and long convexity exposure.

Why wouldn't you just keep your trading currency in USD? You only report to the CRA, not to the IRS and are subject to paying taxes as a Canadian only.

Haha! I hope you don't mind if I steal that example!

Would you perhaps propose that if a strategy is exposing itself to delta (gamma) and vega risk, as one would be short convexity, that an equally independent strategy that is long convexity should also operate in parallel - i.e. mutually exclusive but symbiotic? Naturally, the expectation of net...

in your opinion and drawing from your experience, do you think these funds are truly hedging their risks? "Rolling for duration" as Tastytrade loves to preach is simply a martingale strategy doomed to fail as capital and margin disappears. From what I can tell there doesn't appear to be any...

I appreciate your candor. If you read works from Natenberg, MacMillan, and Taleb, you'll quickly appreciate option pricing methodologies. Shorting options isn't a bad thing, but the reason behind doing so needs to rely on a positive expectation for profit. I would do you a disservice if I...

I still don't understand why you're shorting options? Is it the "income", "premium selling", or something else that's attracted you to it? How do you evaluate when an option is worth being sold versus being bought? Asking when to go long and for how long is the equivalent of saying "I'm...

Likewise, I won't speak of my own trading style either and we'll focus on this approach specifically. If these short volatility strategies run the risk of wiping out, what exactly is it about the Tastytrade backtesting and insurance business analogy that has you convinced that this is an...

How come you're usually short?

I don't know why I respond to these. Question for OP: what do you think option trading strategies should look to accomplish trading volatility? Sell high? Buy low? What's your forecasting model? If you don't have one, then don't trade options.

I believe Maverick74 did a fine job articulating my feelings. It was quite clear that she was over leveraged, if you had been following her story. Regardless of your opinion on being short far OTM gamma convexity, her downfall was her accounting practices. 0.02 cent: if you're short vol...

Thanks for the clarification!

Realized profits were manufactured each month by selling options that would expire worthless, but rolling unrealized losses into the future. Unrealized losses were not reported properly so that management could continue to collect fees, despite not performing above the high water mark. Tens...

https://www.sec.gov/litigation/complaints/2016/comp-pr2016-98.pdf http://m.mondovisione.com/media-and-resources/news/sec-nashville-firm-schemed-to-collect-extra-fees-from-hedge-funds/