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lol you can short 400 ES at AMP for $160K? Link us.

lol AMP is going to limit you to something like 10 contracts at that figure.

My old threads with trades generally suck unless they are arb-positions. I was generally long spot into some target -> synthetic straddle -> fly conversion. If you earn over the day1 straddle mark then the hidden gigi is the opportunity gain on stickiness in the wing purchase. So there is some...

You won’t know if it’s an edge until after you’re out!

It’s a method of arriving at post conversion valuation assuming that the deal is final and no friction on the components. I have no idea how many synthetics you can short at 3.67. APE was 2.27 marketable at the close. I am going to feel stupid if I missed something here, but if my understanding...

I edited my last to emphasize the conversion. You’re not upside in AMC post conversion -> you have no risk to your cost-basis. Makes even less sense as I had initially (first post) forgotten about the synthetic exercise/assignment on Aug 26. Long APE -> converts to AMC common -> long 100 AMC...

I know nothing other than what has been stated here. Pledging your APE purchased at 2.27 results in AMC shares. Let’s ignore the sweetener here. Buy 2.27 and short synthetic (Aug25 synth at 3.67) in AMC nets a 1.40 gain. Since APE is fungible into the conversion your AMC cost basis is 2.27. You...

Doesn’t matter. You’re shorting the synthetic.

100%

I have been traveling and spoon feeding idiots all week, so I am going to Coldstone and finishing it off with a double shot of Ozempic.

0.87 pre split. 8.7 post.

I may be missing something in the deal as I've only read the Bloomberg piece.

Short the synthetic at 3.67 and lift APE at 2.27. Conversion takes place and your risk is a trade below 0.87 for the new shares. The litigation was settled. The arb is keeping the shares afloat and the risk is post reverse split AMC trades under 8.7. shitcos like this always plummet post-split...

5-FU is like $20 for a huge tube.

Do you trade chicken-sht futures?

No need. I already know how to short puts. Thanks! let’s wager $25K on a trading comp. Provide the account number to each other. Best return in 60-days with no DD to exceed 5%.

At 36 VIX (red arrow). If we'd dropped another 10% you would have busted!

How is debit risk, controlled? You're net short hundreds of puts. Oh, simulated = control.

lol so you think circuit breakers are going to save you? It’s a limit move. In commodity futures that trade at limits the vol continues to trade so you can price the synthetic futures off the options. circuit breakers will simply delay your going debit! what’s your TIMS haircut on your ES...

First rule for option pros. Never short leveraged gamma (+dgamma) as you’ll earn on delta decay until you don’t. It’s analogous to underwriting re-insurance. The worst risk at the worst time and zero ability to lay off risk when it’s needed. You’re the Italian James Cordier. ‘it’s why you...