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My guess is you had a very wide bid offer spread on the option going in and out and paid dearly. If the delta on the option was .70,down .60 in the stock would cost you apx 42 cents on the option. So the option "value "went from 4.40 to 4.00 as the stock was down 6 percent." but that doesn't...

Yeah,too bad whatever you made on delta you gave up in Vega.. Next time,step to the plate and buy your 25 shares of SPY:)

Edge is theoretical, you numnut,hence called theoretical edge.... And its what the bet is predicated on...

6'3" 258 is a monster..you were approaching JJ Watt status...

Buy 1 sell 3 Edge=Realized vol on the upside will be less than the implied.. I was supposedly short gamma....IMHO,it was an exceedingly low risk trade.. I was playing for the dead cat bounce,needed a 100 point rally and got lucky

Suprised you tip the scales at 258 That's a compliment

Sounds like you prefer trading calenders as opposed to vertical "type" spreads.

It's a total scam... Trump is the ultimate con man,and he's a total narcissist. The guy was caught with his pants down,dick flapping in the wind at the onset of the virus. He fucked up and he is smart enough to know that he can't survive botching the virus and an economic meltdown. So what do...

Lol...I was sort of replying to Sigma,but wasn't sure who he was replying to:)

Box arbitrage..

No comparison..ATM straddles were priced somewhere around 70 to 80 percent of spot

So your definition of edge has ZERO to do with overall level of vol,skew/kurtosis.. Its soley depends how much you have been drinking and how fucked up you are Cmon bro,dont drink and trade:)

99 percent sure you can not lose,but I honestly did not expect it to go to 3.80.And I sold a decent portion of the position at lower prices.But you should doubt me.Alot of guys are full of shit.With that said,The bots can not do what I do. Here is another trade that is "risk free",but I put it...

This ones going to have a happy ending..no pun intended:)

Lol...I wish..but reversals/conversions typically traded at .60 to a dollar and with the American cash settled exercise feature,one could pick up an extra dollar when futures traded at a discount and you exercised calls and bought futures. and if im,not mistaken,the XMI was trading around...

87 was much wilder... Forced liquidation,conversions trading for 100 dollar + credits in the XMI pit.. Straddle markets were hundred point wide IThis is nothing

Chef,why take down this level of vol as opposed to buying the underlying??

Here you go moron. Last week,TSLA 600 -790 1x3 call spread traded for a .50 cent credit. On the bounce,the next day it traded for a 3.80 credit.And you didnt have to leg the trade. Look at the skew in AAPL and SPY and get back to me. Believe me or not,IDGAF...

Im trading TSLA,Spy and AAPL. I noticed TSLA has gotten much tougher and the edge has vanished. SPY is no problem at all,but it takes several creative ways to get filled.. Same with AAPL.. Regardless,the edge far outweighs the seemingly wide spreads in the stocks/indices I am trading For...

Im having no problem getting fills,and the relatively small bid offer given up is more than made up for on theoretical edge..