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I hedged my day traded ES 2-3-1 flys! Excuse me for a moment while I leave the room in shame. Ok, I’m back. From now on, the only hedges I will be doing is to reduce overnight exposure if I have large positions on. Part of the underlying problem is my signals are tuned for intraday trading...

I have a friend who applied at Microsoft. Although he has an exceptional background, he did not get the job. My friend described his interview and said he was given a fairly simple database problem in which the interviewer displayed his “Lack of competence or knowledge”. I suggested to my...

$90 net profit on bearish ES put fly today. I am flat going over the weekend. After reviewing this week’s trading performance, several issues stood out: 1. The structuring of my trades are often not consistent with my intended holding period. For example, I day traded 3 ES ‘flies this week...

On most single names, I associate significant rallies with increasing volatility, especially with long term trend changes. Consider charting IV along with price of the underlyings you are interested in to see possible correlation between IV changes and moves of the underlying. An example...

Some very basic ideas: 1. The good stocks of the world don’t spend much time below their weekly lows or long term moving averages. Therefore, until one of your stocks stops acting like a good stock, hold on! For reference, check the weekly charts on some of the big winners last year such as...

Pvssies? Pvssies? I dare you to say that in front of the CBOE! What better way to go long vol? Please tell us you aren’t afraid of a little theta!

Just noticed RTY made a new HOD, but quite a lot of red on my watchlist. I will continue watching.

Exited FDX 2-3-1 fly at $8.45 this morning. Cost was $4.02. If I had multiple contracts, I would have maintained a partial position. Exited FSLR 1-2-1 fly at $1.91. Cost was $1.58. Here, too, I would have maintained a partial position if I had additional contracts. I noticed the spreads...

Ah, that makes sense for this action.

Although RTY is strong, I would have expected ES and NQ to be stronger. There is recent, intra session money flow towards defensive and monetary assets such as BRR, JPY, ZN, and SI. I thinking taking a shot on the short side on any thirty minute break to the down side, Risking a 30 minute...

The body looks to be at 13 delta, suggesting you are quite bullish. With a IV percentage of around 10, might a long call a reasonable consideration here?

A commercial loan on a non income producing residence? I smell bullspit. Jumbo loans often have available terms of 30 years. Down payments and rates are often higher than on conventional mortgages. In the end, it is what is negotiated by the parties. Try again.

The loan mentioned in the article was on a residence. As far as refinancing commercial loans, unless there is a liquidity crisis, investors of various types want to lend. Money (Yield) talks. The fly in the ointment for Trump is if profits are down he could very well be forced to liquidate or...

You anticipate interest rates going even lower during Biden’s term?

You know how loans work, don’t you?

You don’t know anything about marketing, do you! Grin.

Sell tickets! Allow others participate in their own matches! At least it is not dog fights! Got back from a date with a Mexican woman. I thought she was in her thirties, but she is 56 with 6 kids. How many fathers, I don’t know. Nice woman who sadly lost her 39 year old daughter to Covid...

Short 1 MES at 3787.50 as a hedge for my bullish option positions. I’m guessing Yesterday’s low of 3768 will be tested. If that is taken out convincingly, look out below as last week’s low is far away, not that I would expect it to get there by the end of this week. I may take a net bearish...

It is so hard to know how far a run will go without a meaningful correction. This is the power of scaling. Scaling strategies could be weighted towards statistics on historical data or by one’s assessment of trade quality, where perhaps a new and particularly compelling fundamental development...

I prefer the 2-3-1 structure when I’m concerned about increasing volatility and or range expansion. It is annoying to have the price move to the body of an ATM fly the same day or a day after putting on the spread. Last year, I bought a longer term OTM fly on silver only the see the body get...