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"Be like water" and explain how ONE 50 Delta option outperforms ONE 75 Delta option "if someone has ideal timing" and "capture that one obvious, major, move."...

Spx Op holding period is 8 nanoseconds.Thats about as long as he can hold a cogent thought..I may be off by 5 nanoseconds

New as in managing director of equity derivatives at a major IB and ran a propbook at a 20 billion dollar hedge fund? Dude,no disrespect,you are literally clueless when it comes to infant option theory. An ITM option "will have a much more pricier, bloated, overall costs."???? Seriously...

Im not a nuthugger,but I am on the Des bandwagon... If you cant pick up some useful ($$$)shit from Des,thats on you

Overpay by buying ITM??? You must know this makes very little sense and deserves some form of explanation. You cant be saying ONE ATM option is preferable to an ITM

I believe I have a much different perspective than you guys. Was a market maker on the Amex,traded at a hedge fund and later the head trader of equity derivatives at 2 IB's.. I retired early ( not my smartest move) and started trading again due to covid and boredom... The last 1.75 years,I've...

The queation is at what price will they buy them. It appears you are confused with the concept of Intrinsic and buying shares against it..A deep ITM option has intrinsic value.It doesn't vaporize at 4:00.. A better question would be who buys an option that is ATM/slightly OTM seconds before...

Since you asked for a bit of help(as opposed to simply looking up trading hours) I believe SPY options trade till 4:15. If for some reason you do not sell your long put to close and the Spy should close below your strike price,you will be auto exercised.To offest the exercised short...

Agreed,it was all in jest

FWIW,he stated(somewhere) that he only trades ATM... He did not say if he trades 2 ATM options instead of stock or one option..or for that matter 10.. My guess is he trades delta neutral to equivalant stock position,which is basically saying long straddless are a better bet than short straddles..

I was counting on you to know which film that line came from.. How awesome was that movie??

He's a funny Guy...This is his idea of trading,and I quote.. "Hypothetically, in a paper trading, fantasy, mind, simulation account...I have grown a small, initial, trading account into a Billion. Numerous times, on separate, different, occasions. It's just a relatively simple matter of...

Just because you are full of sheet,doesn't mean I am full of sheet:)

Agreed,all you need is "good timing ....EVERYDAY...close to the OBVIOUS buy and sell points" F%#k those nasty little greeks Good luck with that too

Lol,of course you dont...Good luck with that

Just out of curiousity,what was your Delta/Theta ratio on the open (448.64)?? And yes,when it goes ITM with O DTE,it's all Delta

Vegas line(not vega) went from even money for Ken trading an option to 138-1 against Nice job everyone Sorry Dustin:) In all seriousness,go find options that double ( or more) with a 1 ATR move..Seems like your style

You mean the current bid is .14... Ken,welcome to the world of Theta

And you need the rare quality you appear to possess. Letting your winners go..and go...and go Dont underestimate that gift I definetly do not have it

He's actually amusing after you realise he's here for a good time,not long time