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  1. destriero

    carpe diem

    No, they don't! Open the DOM and lift the offer. The buy at the top of the queue will fill your bid. The exchange doesn't "make sure" that they "match" two traders... it's wholly dependent on YOUR size and price and who is FIFO on the offer. MARKET EXPOSURE?! dafuq, Bro?
  2. destriero

    carpe diem

    OI is not increase by two if the counter-parties trade a one lot to open a position. If one is to open and one to close... no change to OI. If both close? OI is reduced by one. The buyer and seller remain anon. Nobody disputed that the contractual obligations are guaranteed by the exchange and...
  3. destriero

    carpe diem

    The CME is the guarantor. That's the purpose of the exchange... the exchange makes no attempt to "flatten its book." You're conflating, yet again, the exchange's act of assuming credit risk with a dealer's business model. The exchange charges a fee for each transaction to act as underwriter.
  4. destriero

    MAGAtards kill another black man

    People attend those games? Huh.
  5. destriero

    MAGAtards kill another black man

    Name the last time a caucasian was killed while cops were serving a warrant or arresting said caucasian for a nonviolent crime. I'll wait.
  6. destriero

    carpe diem

    Where is @DELTAONE77 and his sock puppet sim-traders? Wanna know how we know it’s sim? PM for details.
  7. destriero

    Joining the CME gang

    There are a few advantages to trading the synthetic straddle structure. You can trade the shares discretely (reduce by odd lots if mkt risk too high), among other advantages. The goal is to collect dividends and have the shares grind higher to neutrality (terminally; to the short strike). It...
  8. destriero

    Joining the CME gang

    Yeah, I assume you were born in 83. It's nobody's lucky number. I graduated HS in '82 (early). My point is this: pick shares with decent divs -> pick an expiration you want to short -> pick a strike sufficiently OTM on calls which a) gives you room and b) allows for some decent prem -> buy the...
  9. destriero

    Joining the CME gang

    To add; say you want to gain exposure to KO out to Jan 2021. You short the Jan 55P at $1 over intrinsic. Not a lot of cash for limiting your upside, but always a better risk than owning shares outright... in this case, $1/share lower risk. Obv your upside is limited to $55 on KO. You do not...
  10. destriero

    Joining the CME gang

    A quick primer on conversions. The difference between a call and a put? Shares. Long call = long shares + long put (synthetic long call). Long put = short shares + long call (synthetic long put). It's termed a conversion because you can "convert" a put to a call and vice versa. The...
  11. destriero

    Joining the CME gang

    Yeah, why buy KO outright when you can short ITM puts? Short slightly ITM puts on a variety of high div shares. 5-6. KO, T, etc. Div is embedded if the tenor covers the pay-date and you capture the vol and premium in the same strike call as well. If the shares rally you keep the prem and will...
  12. destriero

    trump murdergate

    Jared Kushner being considered as special prosecutor.
  13. destriero

    Like i said the rally has been much much more amazing than the decline was

    Dude, critical thinking or simple comprehension. He has 20-30 mad bullish posts over the next year. Not a single short.
  14. destriero

    carpe diem

  15. destriero

    carpe diem

    Delta’s alias posted and was banned.
  16. destriero

    trump murdergate

    Could be due to the low deck when it exploded but it was rumored to be a GBU-12 Paper Paveway. Air to air.
  17. destriero

    carpe diem

    What if you're previously covering a short? What happens to OI? You have no clue how any of this works.
  18. destriero

    trump murdergate

    Some believed the weight of the cocaine cause the helo to crash, but what of the explosion in mid-air?!
  19. destriero

    carpe diem

    lol sim-guy, why do you cut off the top of your front-end? Perhaps because it clearly reads, "UPGRADE TO LIVE TRADING" at the top.
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