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fake

lol 20 points in your face.

lol SPX up 6 points.

lol

I weep for your children.

Further, the more straightforward trade is to lever-up long Delta1 in SN or SN vol as a sort of dirty dispersion. I always carry the bear-convexity hence my returns are massively -corr to mkt while mkt-performing or better, upside. Hence I only show PNL when outperforming.

Regarding VX... You can see the leverage to a 3% move downside which would result in perhaps a touch of 20 VX in the Dec. Arbing VX against isn't cheap but you can trade outright short VX against in lieu of the switch -> say, long Dec/Jan; Dec/Jan/Feb fly, etc. I can sell 10x outright in VX...

Tails maintain convexity from 0-inf. Small haircut ($3K debit). Crazy rho on long-dated but that is simply opportunity cost (moot) and this is a 2W combo. Allows you to trade short-gamma locally with no bear-risk. Bear tail is conservative due to vol-corr and upside due to stickiness, but I...

No, it's net long tails and the tails are all inside 30-delta.

Generally vols need to be low/under 20 on SPX or the fly risk reversal needs to be over 2.0.

Switch Lock -> D1/D1 backwardation (duration) -> $0 margin under PM (credit req/adds like a short box cr >strikes) You can see that I am not stressing vol.

It's complex to model. A threshold needs to be hit on 1st to 2nd decile vols and/or switch values (vol-backwardation).

What is the net-effect to prices when you add >30% to the national debt from 2018-2020? Just a guess. Then add COVID supply disruptions.

lol what happens to delta as vol-rises?

WTF is this sht?

fake

Like your Friday call?

Dude, you posted you were short on Fri -> market ran up, relentlessly, no pullbacks -> you took credit for the short mkt call. You're delusional. fake.

fake

How much did you lose yesterday?