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No chance Tudor got over leveraged like those jokers over at LTCM... Not his style

Leg risk is when you are opening/closing a spread,and instead of sending out a spread order,you choose to buy/sell one side of the spread and then trade the other.Its called "legging" the spread,or you lifted a leg.Problem is,best case scenario you MAY get filled mid market,but if you lift a...

He's going to wind up taking leg risk.Better off bidding mid market on the spread and going from there..

I would highly recommend you close out the order as a spread,assuming TDA has similar spread orders as TOS... Are there spread capabilities in TDA??

I concur with NWD..."Convince someone that you are worth the investment".. Solid advice FWIW,when I first broke in,I offered to work for free...

You realize you are going from short cheap call to short cheap put... If you must sell a call, put a stop in and "call" it a day..no pun intended

I can get all the blow out risk I need with PM :)

Assuming a 3 dollar sale,its showing $4536... From my experience,PM lets you sell far more naked wings as opposed to Reg T.. Not sure it helps that much with spreads relatively close to the money

Give an example of a spread and i could tell you what the cap it would be with PM

Have no choice but to look elsewhere or hope for some sort of a dislocation... AAPL and TSLA were 90 percent of my P and L.. At this vol I am looking at split strike flys (as opposed to ratios),diaganols,calendars... Probably have a bit more delta than I did in 2020...

Im afraid you are 100% right... Im going to attempt to be more directional in 21..First time for everything

Im in the same boat..Fang upside vol has gotten destroyed,and that was most of my P...

Keep in mind IV was very high most of the year..I don't think we will see those levels,making the put selling business much tougher.. Dont be a one trick pony and congrats on a great year

Writing a thesis will help,but have you coded anything that you traded off of and made a decent return? If I'm the head trader of ED (which I was),and a guy walks in with software he created to trade dispersion,vol arb,HFT or anything related,he /she is definetly getting my attention.. If they...

Ill ride with Kung Fu over Chen Fu 8 days a week

In what parallel universe are you calling someone else an asshole?? If thats the attitude you bring to the table,be thankful you got past the receptionist..

If you can pull of the Jersey accent,Ild go for it

Was wondering what those negative vibes were all about

You guys are fookin beasts..

Wouldn't know...I started at rock bottom and met "Izzy" along the way(fluke meeting)..Much different path