Search results

Approaching by 666th post... super hyped :) I'm a beast! "In the heavens, the Sun and Moon are, by interpreters of dreams, put for the persons of Kings and Queens; but in sacred Prophecy, which regards not single persons, the Sun is put for the whole species and race of Kings, in the kingdom or...

Not only that... the market DOESNT move the majority of the time... opening even MORE profit opportunities. These dudes with linear minds, only going long or ONLY doing something, unfortunately limiting their opportunity cost. That's too bad.

Not exactly sure what you mean? AAPL has strikes listed many st.dev away from spot. Are you talking more about the timing of the event? One can structure butterflies across the term-structure as well, not just ATMF.

Please start another earnings journal to start off this new decade! the trilogy!

This is false. If you had your capital entirely in flies you would not go "bust" in a crash. Although this is hypothetical, just look at the risk/reward of the fly... you assuming this 100k is allocated to ATM flies, all at once, all in. This would never occur, but lets just say it does.. I'm...

Why would it be the left tail though? Why not the right? For example commodities or vol product space can have the skew to the upside (right tail)? It seems you may be speaking of several different payoff profiles? (P/L of portfolio, distributions of certain asset classes?) Thanks for the...

3/30/20 I entered $NVDA. This underlying has been fruitful for me, and its usually one of the higher moving butterflies in my arsenal obviously because of the price of it, but also the vol. Although the VVA is around $247, I structured this 121 at $260. Which was around ATM at the time of...

Dude your not hi jacking anything.. if anything take over the cockpit! I'll be co-pilot I don't mind! lol

hey man thanks for this, I don’t think I’ve ever read this piece by taleb and I’ve read a lot of his shit. also, you’ve said a few times about “clipping” the left tail off. Please explain what you mean by this and how can one do this?

Interesting the similarities and distinctions between butterfly spreads and butterflies (insect). Number of species (insect): Due to their bright colors and visits to flowers, butterflies are the most familiar insect to humans. There are about 17,500 species of butterflies in the world. Number...

3/27/20 To get this journal started, I'll be posting trades from this week. $AMD $AMD was around $47/share when I entered this trade. As you can see the DOM (VVA) is around that price, thus I set up this: BOT +1 121 PUT FLY $AMD 3 APR 20 (Weeklys) 40/46/51 @ 1.46 $AMD then drifted...

The markets are a flux of expected distributions of future prices on assets. Price action inherently oscillates the way it does because price is mimicking the human mentation of fear/greed simultaneously. This flow of money into underlying provides liquidity and facilitates the buyers and...

When I have some time I’m going to outline my trades from this week then starting this weekend I’ll outline any potential trades I’m thinking about entering for next week. Glad you replied ffs, I’ve read your journals on butterflies and intrigued. Please add any colour about fly spreads in this...

nice hat! #bucket

Hey Frisk, 1. Filled as a single order, although I want to try legging into verticals. This is something I'll look into further. 2. I haven't traded index flies in awhile, but I normally choose put flies but that's just my preference, theres no difference inherently between the calls/puts of a...

DOM? gauss, I should've been more clear, I don't directly use MP. I do use Volume Profile though, but its more of a gauge which gives me some bias. I brought up MP because it taught me some invaluable concepts about the structure of markets. And I've always kept that with me. I look at the...

iron, not only do you see fat tails.. the MAJORITY of the markets down moves are from the left tail, and vice versa for the right tail. pretty crazy when you think about that.

Very true... it’s the unknown unknowns we gotta worry about. even tho we can’t lol