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$RIG

Uncle Desty blocked me again, a bizarre one. Now I gotta friggen log off to read his old posts smh

I bought this book years ago. Its mostly about selling DOTM in commodity futures options. Very vague and lots of misinformation regarding optionality. Overall a weak book about options.

Val, because of you and this thread I bought Bensdorps book, starting the second chapter now!

well aware of the pitchfork. I've read Dest's threads, and also read Doobs paper (which he swagger jacked Dest' IP) Several ways of viewing vol, disentangling three main movements of the smile (ATMStraddle, 25D risk-reversal, Vega-weighted FLY). 25DRR gives us info on the skew directionally...

I straddled $TSLA (FLY) on the $1500 strike weeks ago.. pure luck I’d advise to buy wings, and maybe avoid straddling Tesla all together

We know the gamma, theta, and Vega of a butterfly is trimodal (assuming short guts ATM). My question is how does one determine where to price strike the wings in relation to the body? The vol surface, skew, Kurtosis play a role (asymmetric wings), but I’m still not clear on how to structure my...

Hey Bobby, nice pivots.. how can I get my chart to look like that? Any source code?

dest, you said you lost 19% from the 9/11 events. Curious what were you 100% long in?

lmao

very nice man, so my question would be, if your model didn't "confirm", would your model be "wrong" or your brokers numbers "wrong"?

my cousins father cornered the almond market years ago, Easy stat arb bro

BSM IZ RONG DA CODAH IZ RITE

you should publish a book

First off, keep pushin and learn as much as you can via optionality. second, idk what a bull put combo would be? A combo is a spread with calls and puts. A bull put spread only has puts. A combo would be if you sold the 60/70 combo or bot em’, creating a strangle. Or you could buy and sell em...

When it comes to your portfolio, do you treat your option trades as individuals? Single trades acting alone? Or do you build trades via inventory like style and treat a “trade” as a selection of many a strikes/legs bot/sold throughout the vertical and horizontal axis within the option chains...

I AM HE! lol

It depends on a few things. First off, what did you pay for the 360 puts and what did you receive from selling the 370 puts? When trading spreads, usually your max loss IS the stop loss, if you size the trade accordingly. If you are trading with some size, then don't trade at all if you're...

This post should've ended this thread on the dot!

member the metrics of the market makers. For every action, a reaction occurs. This is the essence of trading. Calls have inherent long exposure, puts short exposure. Theo, calls have a payoff of infinity, while the puts max payoff is the strike (stocks can't go below zero, or can they?). Pay...