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  1. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    Given how easy it is to fake all of that, the only thing that's ever impressed me was @destriero posting his entries and exits shortly after he made them, where I could see them on the chart. Hell, I still remember when he posted an upcoming trade in /NQ - I didn't have a clue about futures at...
  2. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    :rolleyes: I see your desperate, frantic wish for someone to listen to you, but - nope, not interested. Since you've already explained your route to suckcess, I'll leave you to enjoy the full flavor of it. Have a nice day!
  3. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    Holy. Moly. That is awesome. :thumbsup::thumbsup::thumbsup: I'm raising a shot of Goslings to all you guys right now. :)
  4. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    So far, you're not "giving away" anything above 0% - so even if that was the case, those guys would be a few thousand miles ahead of you. But you do. In fact, that is the sum total of every single thing you've posted here. Thanks for letting us know how you got to... wherever you are. TMI...
  5. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    Must have been that 5% SPX was talking about. Per day, anyway. The only meaning I know for 'haircut' as related to trading is paying the spread, so I'm not sure how you're applying it here... but I'm hoping it doesn't mean TBS is in the hole for that amount; as I recall, he was fairly solid on...
  6. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    I think he was one of those reddit/WSB types, so yeah. :) But people letting their trades expire without a clue of the risks of doing so... yeah, that's worth highlighting.
  7. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    He clearly has zero clue about extrinsic vs. intrinsic, greeks, etc., and is simply making binary bets. All of his non-answers here and the chest-beating about his "magical" methods make it absolutely obvious. Not to say that it's impossible to do - but the way he is coming across is seriously...
  8. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    A bit simpler than that, actually. :) Consider being short and CTM: if the underlying closes a penny ITM, you're going to get assigned a position - say, $45k worth of SPY. If OTM, then you get to keep all of your premium. Do you suppose it might be worth paying, oh, a nickel to get out a couple...
  9. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    Hint: consider someone who is already in a trade at that strike, and what their risks are. And don't forget: the owner of an American-style option can exercise it regardless of whether it's ITM or OTM... and settlement goes on for quite a while after the cash close, when all extrinsic value is gone.
  10. BlueWaterSailor

    A most basic question about the most basic of options

    Hey, if nobody tells you to buy low and sell high, you might get it backwards. For example, I still sell high and buy low once in a while...
  11. BlueWaterSailor

    How to short the S&P using options? Day & swing puts

    I don't think any reasonable person would expect you to give away your secrets, but talking about the generally-useful concepts and the basic mechanics - things that are obvious and routine to you - would be very useful to newbies. I know that without the help that I received early on from a...
  12. BlueWaterSailor

    Need a trade critique

    Trade expectancy is calculated as Reward x Win probability - Loss x Loss probability Unless you have some specific edge, the default expectancy for a trade on entry is zero. If there was any other possibility, everyone in the market would pile into a trade that offered it and we'd all retire...
  13. BlueWaterSailor

    Need a trade critique

    "Doctor, I felt something in the upper half of my body at some point in the past. Is it cancer?" Seriously, though... :) If you want a critique, you've got to give as much accurate info about the trade as possible. Don't worry - none of us billionaires here are going to arb it out of existence...
  14. BlueWaterSailor

    A most basic question about the most basic of options

    I'm curious: did you fail to understand what you yourself wrote, is your reading comprehension so poor that responding to a specifically-cited part of what you wrote still doesn't clue you in, or did your insecurities flare up so badly at being called out for making a random claim that they...
  15. BlueWaterSailor

    Help regarding UNM

    The issue is pretty much exhausted. If you're asking "how can I get my money back?", you can't; the trade went against you. If you're asking "why did UNM go down instead of up?", the answer is "stocks fluctuate" (and more broadly, a stock's movement is a sum of all the influences that affect its...
  16. BlueWaterSailor

    A most basic question about the most basic of options

    "Right" in what sense? The deeper ITM you go, the more it will cost you. What would be the point to paying that extra premium? If you're going to make a claim like that, then try to explain your rationale behind it. As to delta, it's not the only driver here. A 300d QQQ 380 put costs ~$31 right...
  17. BlueWaterSailor

    Help regarding UNM

    Nah - I memorized it and burned it. Much safer in case of a raid. Besides, the FM 5-25 and the TM 31-210 manuals are much more accurate... :D
  18. BlueWaterSailor

    Help regarding UNM

    Just so you know, I'm an amateur (but fairly serious) mycologist. Much more about Psilocybe cubensis and Amanita muscaria/pantherina than Claviceps purpurea, but... yeah, it's the weekend. :)
  19. BlueWaterSailor

    Help regarding UNM

    You sure? I don't think I've changed my avatar since I started here. Ugh. Never was a fan of "Farewell and adieu to ye fine Spanish ladies"; I'm much more of a "Gallant Frigate Amphitrite" sort of guy. He deserved to get shark-munched for singing that thing. :) :rolleyes::rolleyes::rolleyes...
  20. BlueWaterSailor

    A most basic question about the most basic of options

    You'd be able to sell your LEAP; just spread the short call off with a cheap FOTM long call. But your LEAP won't be worth much in that crash scenario, even if volatility spiked way up (which it would, in a crash) and you caught it at the peak. E.g., a 298d/80D QQQ call is about 75/share right...
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