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I've been spraying and praying flies all over the market for the past year, messing around with all alterations and iterations of the beautiful butterfly play. Of course the great riskarbatticusdestrieroconvexxdonpruf opened my eyes to the potentials of fly trading. I trade other strategies...

Both tails to what distribution? It depends on what exactly are you talking about? For example one could look at the distribution of the effect of government intervention on volatility. Plot the SPX returns then plot a running SPX 21d return distro, the effects of intervention also has tail...

are you serious? Lmao

Bump.

i thought the same. he thinks I need to understand Taleb’s concepts to understand variance. also I want to make this clear. I’m not really trying to understand the math behind these things. Doesn’t mean I won’t, I’m just saying it’s not my motivation. I just want a better overall...

hes talking more dynamic hedging math.. which imo I don’t think you need to know. The basic algebra stuff yeah but idk about PDE’s and such. look up Nassims paper “Silent Risk” and look at those damn equations smh lol

well obviously lol but I’ve been reading the works of nassim for years bro... doesn’t mean I understand the shit lol

I have been for many many years my friend. Thanks though.

Far from it iron, I wish. for some reason, the stars aligned and I got to meet all of those guys within two days. Great experience!

Probably for crowd funding? They were initially a small start up. Then grew steadily. Tastytrade is the media, tastyworks is the software, dough is the financial media app, the small exchange is a freekin exchange, the quiet foundation (not sure what this is) etc etc.. this is a nice little empire.

Bro! Pete is the fvxkin man, I've learned so much knowledge and wisdom from that man. I feel like some how the haters in this thread will find some way to hate on Pete, smh

Are you surprised avg traders are getting killed? I mean c'mon, they are "avg" right? Anybody who has 20-40 open trades mostly if not all of it is short gamma and long theta, OTM stuff. If this guy doesn't hedge or stress test his portfolio for a magnitude move, then obviously he's in trouble...

Every man is fallible, and deserves critisicm. But this chatter is not critisizm man, its pure negativity, that's not the same shit. And heres the thing Pek, you are claiming Tom cant trade. I am not claiming anything, I have no idea if hes profitable or not, but YOU on the other hand, somebody...

I would stay away from trading this product. Especially the options. I glanced at XOP chain and it looks hideous. Too illiquid man. Trade USO instead.

This post is spot on. Only exception is you said Tom probably didn't make a dime trading at the CBOE. He made a living trading in the pit. So did Tony. They both traded in the pits for 25 years.

Yessir, look qaz, I met Tom years ago at his new studio. It was a great experience. Their studio is top tier and I even got to see their research from the data guys. Tom was very nice to me and Tony was especially friendly and sat me down and spit some financial game to me. That same day I had...

You know a lot about a man you "supposedly" despise ;)

Iron, as you know.. Sosnoff and the tasty team have supplied an astronomical amount of published content on options that no other media outlet has come close to even accomplishing. Market Measures segment ALONE has delivered so much amazing work, let alone Options Jive, Strategies for IRA, Best...

My man, you are the one making claims. If you've never seen Sosnoff's P/L you cant claim his net liq is negative lol this is exactly what you're doing. I've never said Sosnoff makes money as a retail, stop it DTB2 lol

sle, this reminds me of open interest for options on single-names, kind of. Pin risk of some sort. I've been utilizing wing-spreads a lot lately (ATMF put flies usually) on single-names and sometimes on index or ETF's. But when I'm in the option chain, I do glance at the OI for different...