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You'd need to ratio and go further OTM (√time vega). Ppl tend to go very wide on durations so that they have many roll-events, but get caught outside the wings with major losses.

Those aren't diagonals. Those are two strangled time spreads. The call AND put spreads should be different strikes, i.e., a 560/570 Dec/Jul call and a 540/550 Dec/Jul put. Retail goes long the meat in the deferred and sells further OTM in the front month. Retail doesn't want the convergence risk...

Yass at SUSQ was the first to code it for EMM. It's still mostly microstructure; IOW, they're not going to move fairval a lot, and often the fairval doesn't move much at all (NBBO narrows), but sometimes it does. A 500-lot customer order is much more likely to move the mid then a 5-lot. It's...

Clown, it's indistinguishable to you as you are deficient. It may as well be cyrillic.

You've traded options before? SUSQ, Citadel, etc., have "interest" algos that penny you as soon as any interest is shown. Best to have a few accounts; indicate a bid near NBBO; wait for them to penny or nickel you; then offer in the other account (intention to sell/short).

Of course you did!

You have a system that is the balls, yet you can't program it, and neither can your friends. Further, you don't have the capital to trade it manually. You've been on here for eight years. The first thing (anyone on) the buy-side is going to ask is why you're not trading this yourself. And...

You mean the $100 FX portfolio?

TU, what's the R/R on this one? You're down 155 pips and counting. You ignore the massive losers?

The NFP was ideal. Not too hot that it will piss off Fisher. Sucks, but you can't short this mkt into this number.

So is it six or seven shares that you're short? 1/16? Really? This isn't a joke?

So true! The mkts will fluctuate. Pretty ballsy statement.

If your stops are run you could lose 3-5x that, or more. CL is a monster and you trade it because of the noise. Nothing wrong with that, just stating the obvious. I would work on a swing trading method where you can monitor stuff from your smartphone (on the job).

$200k less taxes, COBRA, no pension, 401k. He'd need to make $250k to equal the desk job.

Your targets are too small. You're winning on noise. Six tick average wins? $200k and you can't scrape up more than $13k? Your nut must be pretty large as a % of income, so listen to Mav and do not quit your job. I can't understand the maths you're using to equate a $13k spec to a job netting...

Why not sell the 55/60 put spread as well? You're getting 0.90 at the bid and three handles in vol over the ATM.

Hey Alan, your sock-puppet alias is getting tired. Alan Crary lives in a shack in Lincoln, NE.

It would probably be simpler to give us the name of your fund and the country of domicile. Will your mommy be making us mac and cheese?

So where's the letter, Bro? Cats ate it?