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Karen Bruton paid 113 for the March calls. She shorted the Feb 27 calls at 112. She paid 1 point for the calendar. $350,000 in edge loss to perpetuate the scam.

Some day I hope to trade as well as you big dogs! https://www.elitetrader.com/et/threads/dests-everything-journal.332136/page-11#post-4859112 This place is still an asylum.

The probability of touching one strike, dude. A 10D STRIKE is <roughly> a 10% probability of expiring ITM or a 20% probability of touching. What is the probability of an ATM digital expiring ITM? This isn't quantum mech here. Vanna-volga for valuation (of touches/American barriers). It's all...

"Karen Bruton" was going long a 3-day 2000-strike call calendar <to open> that was >100 points ITM on ES. F*cking please. HTF is that anything but a scam to roll unrealized losses indefinitely? Let's hear from the IC-Brigade how she was massively bearish on ES every month with three days to...

No, they cannot both expire ITM. He didn't state touch. He's a moron.

97.For example, in October of 2014, Hope experienced massive trading losses as a result of volatility in the market. The HI Fund and the HDB Fund collectively ended the month with unrealized losses of approximately $100 million, most of which resulted from the October trading losses...

67.These Scheme Trades often involved (1) selling call or put options on futures that would expire at the end of the current month (“first leg option”) and simultaneously (2) buying call or put options on futures for the same quantity at the same “strike price” that would expire early the next...

Read the f*cking complaint. She didn’t account for unrealized losses... https://www.sec.gov/litigation/complaints/2016/comp-pr2016-98.pdf The “scheme” trades start at 67.

My oldest is in his first year in undergrad and loves Blaze. He likes Domino’s as well. I can’t say that I’ve had Domino’s in the last 20Y.

McGinnis was dropped on his head. A 10D is approx a 10% prob of expiring ITM and a 20% touch probability. Those garbage wings are stops for hedgers. Shorting deep wing strikes is analogous to underwriting disaster insurance. You are the end of the line reinsurer—there are no hedging options...

Sell out more theta. Got it.

Dude, I've busted major OTC dealers (Oanda, Trinitas Capital) in digitals, lookbacks and other 2nd gen exotics. She added/reduced zero exposures other than crossing deltas which means she was simply adding duration.

What "Karen Bruton" did was illegal. She should have done time. The school marm BS was a nice ploy... it helped to keep her out of prison. A legitimate roll (albeit disallowed) is a form of shorting against the box. Say you're long a bear put diagonal in Mar/Jun 2020 and you're up 30% and you...

Risking 8:1 at can wipe out a year's gains and 60D doesn't allow for the compounding needed to withstand the inevitable f*ckage. The mistake was selling stops into major tech earnings. Learn to trade local vol (within +/-30D strikes) and don't refer to shorting stops as trading. You're in...

Yeah, reading the guy talk about gamma is like watching Fifty Shades of Grey with your 10yo. Hypothetically. Never seen it. Ravar's last was 3844 characters. Accomplishing nothing. Bro, there are some professionals here. Every one of them knew you were out of your depth from your first post on...

Dude, you do not understand vol-trading.

I think he's definitely "short season" A-league (baseball) bullshitter.

This dude from the Tennessee sticks is a real brain trust. 2K words to arrive at the guy needing to earn 3.6% to cover his $900 monthly distribution. Of course it's not a draw as nobody is underwriting the $900. Amazing work. Bravo. Excelsior.

Dennis Bolze: Today on my way to lunch I passed a homeless guy with a sign that read 'Vote Obama, I need the money.' I laughed. Once in the restaurant my server had on an 'Obama 08' tie, again I laughed as he had given away his political preference--just imagine the coincidence. When the bill...