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Reviewed my trade logic and did extensive comparisons with various structures and have concluded that 75-25-5 delta ‘flies are optimal for most my trading strategies. I will be spending less on theta with my legs and have the right amount of delta versus other greeks where hedging is not...

Glitter on a turd, eh? Good one. Hope I don’t feel compelled to use that saying in the next four years.

Yet you gave a “Like”, along with userque to a meme posted earlier in this thread depicting Putin as the 45th POTUS. What’s that I’m sensing, you are not getting ready to tell us you were “Kidding” when you gave the like?

Don’t shoot the poster (Of the article). I merely ran through some scenarios. As far as the poker tables are concerned, I may have some additional, non public public information that needs to be confirmed before I go into detail, assuming I ever decide to go into detail on that. Anyway, you...

The article below begs the question whether the severity of Covid was exaggerated for the purpose of tanking the US Economy in an attempt to unseat Trump. However, this would require global coordination, including involving countries with Conservative leadership. Further, if no Covid related...

My trading results for the preceding week are as follows: Net profit, up $220.39 or .42% of account value for this 4 trading day week. Percent trades profitable (underlying and its hedges counted as single trade), 66.7%. Reward to risk ratio (underlying and its hedges counted as single trade)...

My change in wording reflects what the author said in the article you posted.

Nice spin. Nice characterization of Conservative media. Nice assumption I received this information off a Conservative website. However, here are the facts: 1. I received the information Biden was banning fracking from a news aggregation page on FINVIZ.com, a stock screening website. By...

I’ve read the Biden Administration is planning to ban fracking. While such action is understandable from an environmental aspect, I’m concerned about the effect on other industries at a time when the pandemic has already created stress in our economy. Sectors affected include basic materials...

You 3-1 guys... do your eyes still work well enough for reading? Grin. Looks like an interesting book that I would benefit greatly from. Tell you what, I’ll do a book report for you, although I’m sure you’ve read it with younger eyes, but just forgot, old timer! Just kidding, and thanks.

Good day today. Not so much for trading performance, but I became aware of the need for some refinements in my trade logic, hedging strategy, and setups. All of these aspects of my trading system are connected, so one good idea can have a big impact on my overall performance. For my defined...

My concern is “White Supremacy” is a code word for someone who is outspoken against Democrat Party ideals. Merely being accused of being a White supremacist could mean lost of employment, further media and other intimidation tactics, and loss of one’s social media accounts. In the next few...

Where has my situational awareness gone? How was equities not going up on Inauguration day? Identifying high probability, high return opportunities and leveraging them is what trading is all about. Duh. Never mind anticipating such events in advance. I currently have two OTM 1-2-1 ‘flies...

Just posting a screenshot of this poll before Biden’s Inauguration speech. I hope and expect Biden gives an unqualified “Unity” speech that addresses our concerns about Covid and the economy. How do you see History Remembering the Biden -Harris Administration? Elite 0 vote(s) 0.0% * Above...

I see the Times has all this “Time” on their hands to compile such subjective lists. Perhaps if they spent more time reporting the news instead of making it in order to influence public opinion in support of their agenda, they will start to regain their lost credibility over time.

I tried session trading currency options and realized how high the costs actually are, especially when measured in terms of percentage of session range needed to be captured in order to just break even. I traded a EUR and a AUD long call and for the life of me was not able to get an order...

Nothing that dramatic. Trump had a honey bucket truck connect to the Whitehouse fire sprinkler system and has employed radio controlled switches to open the sprinklers at an opportune time, such as a major press conference!

Yes, my theta costs are high on the legs of my ‘flies as their deltas either move away from 0 or 100. Of course, the body is intended to “Pay for” the legs for at least the first few days. Also, positive gamma can be a beautiful thing as intimated below. Another idea would be to combine a...

Good point. I certainly have the available margin as I usually trade conservatively. A high theta capture strategy combined with small outright position, even with undefined overnight risk, should still be acceptable. I supposed I’m attracted to the asymmetric payoffs on profitable trades...

One year price targets of stocks suggests investments. Russell 2000 is currently about 5 standard deviations above its yearly moving average based on weekly charts. This suggests to me equities are very “Top of mind” with investors right now. Of course, easy money and other economic...