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What's the economic difference between taking the loss and selling another 85 delta put vs taking down the stock and selling a 15 delta call ?? I'll test it,but im pretty dam sure buying 15 Delta calls is usually a losing game..I also wouldn't buy one,I would probably buy Delta equivalent..but...

I think I asked you this...Do you want to backtest buying one 15 Delta call,or do you want to test buying apx 6 in order to compare Delta equivialants?? Or Something in between?? Obviously,buying one could never outperform stock.. I

Had you followed your belief and sold a 30 day 85 delta put in NFLX and rolled,monthly,over the last 10 years you would have under performed the stock by 800 bps per annum..And your worst drawdown was less than 100 bps better..No different in AAPL If vol is high,and I was delta hedging,why...

On a philosophical level we should value all life equally.... I agree with everything you say,with the exception that "our" Liars,cheaters and theives being more harmful that a Putin.... Granted Putin does not hide what he is about,but that doesnt make his atrocities any less evil..

What dont you get??? Yeah,you dont "JUSTIFY" the invasion,but you sure as "F%$K" arent denouncing it... Unlike you,I simply do not believe in staying silent while innocent humans,children are being murdered..And I get living under a dictator who will kill your family if you speak out of line...

Now that you asked...I am vehemently opposed to any act of aggression for religious,financial or "self interest" motivation... My issue with you is your "presentation"..On one hand you say "What do most innocent bystanders have to do with Putin? Nothing." Agree 100 perent,but if one believes...

Too late bro..You came out swinging about our emotionally weak culture ,I responded and now you are playing the victim.. Not today bully :) P.s. it's a line from a movie

I take it you are not American and not very aware of this culture.. Google Muhammad Ali, Woodstock and Vietnam protests..

Are these innocent bystanders condemning these facts of aggression or are they good with it?? Emotionally weak culture??? Still reeling from a single terrorist attack?? Give it a rest....no one gives 2 F%=#k's about your warped opinion on the theory of relativity

Why would I buy ONE NFLX 450 call as opposed to the Delta equivalent of the short put? Are you basically saying that a short 450 put offers the most edge if one is bullish??? Or in your case,bullish up to 450??? Stocks been cut in half,if im taking 99 percent of the downside risk,im not...

Im with NWD....I see no reason why you would short the deep puts over buying the stock..Some of those puts are dam close to parity..does not compute... FWIW,my primary business is market making and 95 of my positions are verts/Flys with some ratios...If I am picking direction,it's via the...

Hard to say without knowing what percent of spot he is long..I cant find his post,but it sounds like he is synthetically long a strangle..I find it very hard to believe he has a 55% win rate being long OTM strangles,but I would need to backtest it... DITM options are not terribly vega...

If I remember correctly,Meriwether was leveraged something like 50-1 and grinding out 50 bps per trade..Over-leveraged was the issue

Yes,I am typically long 1 short 2/3..Rarely backspread,except when I roll my long call strike up.or long put strike down... I believe/hope for sticky delta.... FWIW,I am essentially a market maker and if I get legged on the short side.I scramble very quickly into a ratio...And I limit ratios...

You can have delta by being long the guts of a box..Think about it.You tilt the deeps to have the desired Delta.A box is flat,the guts/wings most likely have delta If i read it correctly,he is long a DITM Call and Put in the direction of the trend... Essentially long the strangle..Not sure why...

Im guessing you never worked at a major IB.... Most of the quants as brilliant as they may be,are a bit "disconnected" from actual trading/reality ,while the head the trader is the King of the Jungle,in this case Meriwether...They make the calls,not the quants.. Meriwether was a god like...

I think I was referring to someone elses post which I can no longer find.I cant find the post you quoted either..I see the trade you are referring to is being long the "guts" of a box...Seems like a very high win rate for essentially being long strangles..

before I dive into the deep end of the pool 1) do you trade delta neutral to the stock when you sell premium?? 50 delta put,sell 2, .25 delta sell 4 or do you stick to 1 put for every hundred shares you want to own??? 2) have you backtested your "beliefs" and if so,do you use an IV% filter???

thats because they are 14 years old and havent developed bad habits yet :)

You seem to have it all figured out....