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Impossible burgers are ridiculously priced.I doubt BK is serving "the good stuff"...:)

I always like their veggie sausage,but wasnt crazy about their burgers.They definetly made changes to the burger,and it's much much better.. Im still waiting for the Impossible Burger to hit retail..Dont know what taking them so long..

I think you are sort of missing the bigger picture.You bought the fly,it went your way and the wings most likely got hammered. At this point,you should look at the verticals you are theoretically short(rolling the wings closer to ATM)..do you want to be short verticals trading at pennies??? I...

Atikon,FWIW, you will get pancaked at some point selling those cheap wings..Bad bet Gun to my head,Ild ratio the shit you are selling,and only on 1 side.. At least if you get lucky,you will make some real money

Interesting..I trade thru TOS..Just switched to portfolio margin,which is an alternative "margin" to Reg T,which it appears your margin is

Are you trading with Portfolio margin?

None of this shit will make you rich,but having a good understanding how changes in vol affect your position should be known...before the change happens:)

Dont have the book,but its pretty dam clear its a typo,or you are looking at one savage skew.. The wings on the fly are apx 4 percent wide. Go find me a 96 percent spot vs 104 percent spot in the SPY/SPX with a Delta differential that nets out to 28.. You find it,put the risk reversal on(delta...

10 x 20 x??? I was trading TSLA on Friday,got bored and did the 800 840 1 x 3 call ratio 20x. Stock trading at 760,options expiring the same day.. My buying power went from 220k to minus 450k in a nonosecond.They shut me down.Checked my Deltas to see if. Put in a trade backwards.Then checked...

Just googled Dave Jaffe.. If you are following that dirtbag,Greeks wont save you

You seem like an awesome guy. Be safe,and thank you for serving our country..

Looks like you are trading thru TOS..Their closing marks are all over the map. Meaningless... You can monitor it by looking at you Net Liquidating Value

Lol...Do I detect a hint of well deserved sarcasm :)

At the end of the day,you would most likely be long some sort of strangle ,with correlation risk. You would be taking down more theta and long vol,so you would have to be careful on implied vol..You may want to hedge with put spreads,MAYBE a collar....

If it's the last thing I do on this planet,its going to get you stop referring to call side vs put side and get you to talk in terms of percent of Spot :)

Ultimate hindsight analysis on my part,but as we all know index vol was super cheap... A partial hedge would have been a home run..

If you are putting on 1-3 option positions per name,I coukd easily see trading without Greeks.. It gets much more difficult as you start to have a position on 10+ different strikes and expirys You obviously couldn't run a short vol book,or not well:)

Why do you differentiate between Flys and condors?? Condors are multiple Flys stacked on each other..

Don't like selling strangles into earnings..Would much rather trade calenders/diagnols assuming spot vol is really jacked.. I need to know there is a limit to my pain..

Look at the IC on a flat skew vs implied..