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  1. destriero

    Are options a waste of time and money? (pun intended)

    I don't have any exotics. I tracked/wrecked one. I've had an Icon and a 22B, but I drive EVs. I drive a Model S and wife drives a RAV4 Prime. I have a built 2016 STi with 550 at the wheel. Cosworth long block -> dogbox 6SP.
  2. destriero

    Are options a waste of time and money? (pun intended)

    lol a box spread. They are arb-equivalent.
  3. destriero

    Are options a waste of time and money? (pun intended)

    What's the difference between a call credit spread and a put debit spread?
  4. destriero

    Are options a waste of time and money? (pun intended)

    It's a pair of backspreads you consanguineous fuck.
  5. destriero

    Are options a waste of time and money? (pun intended)

    There is no vega in a 4-day. The price is sticky so the vols are generally meaningless. What have you accomplished in buying the risk reversal for a four cent credit? And I have no idea where you got your vols from. It appears you've priced Friday's closing data (premium) with today's date.
  6. destriero

    Are options a waste of time and money? (pun intended)

    Lol I've never been neutral delt at inception in my career.
  7. destriero

    Are options a waste of time and money? (pun intended)

    Peasant model? Pics or it didn't happen. lol if it's legit I'd bet that you bought an '04.
  8. destriero

    Are options a waste of time and money? (pun intended)

    I posted the structure payoff.
  9. destriero

    Are options a waste of time and money? (pun intended)

    Skew it? You should stop. You're going to get wrecked.
  10. destriero

    Are options a waste of time and money? (pun intended)

    Anomalies? You mean like a protracted 3rd Wave?
  11. destriero

    Are options a waste of time and money? (pun intended)

    lol you think that RenTech uses Elliott Wave?
  12. destriero

    Are options a waste of time and money? (pun intended)

    A pair of backspreads. Lol you’re going to get burned.
  13. destriero

    Are options a waste of time and money? (pun intended)

    It's like a 12 step program. They always enter vol-markets shorting ICs and then rage on anyone who will listen. Dude. Puts are calls. You show your ignorance when you discuss married positions. The difference between a put and a call is spot. Why did Yass from SUSQ invest in Madoff when...
  14. destriero

    Are options a waste of time and money? (pun intended)

    I won't be a regular, but I couldn't believe this thread wasn't satire. This absurd RSI talk... choosing a bear call spread over a bear ps because he wants a credit?!
  15. destriero

    Are options a waste of time and money? (pun intended)

    Probability of max gain is the wrong question to ask. The point is that it costs nothing to hold and any settlement is a (relative) lottery win. The problem is that I am impacting the skew on index. Friday SET value came in:
  16. destriero

    Are options a waste of time and money? (pun intended)

    I reduced the trade to the min-ratios.
  17. destriero

    Are options a waste of time and money? (pun intended)

    You're fucking dumb. It's long vol throughout. It's not a box-arb... I was stating that the cash-req is less than a box/roll arb. It's a 600-lot arb in QQQ (NDX, but priced in Q). Look at the y-axis.
  18. destriero

    Are options a waste of time and money? (pun intended)

    An arb in structure, in index, that has no capacity issues and a lower req than a box/roll. When I doubled size it ADDED buying power under TIMS. Zero vol-shift. Shown in QQQ. If you don't understand the significance then this thread is perfect for you. Bye.
  19. destriero

    Are options a waste of time and money? (pun intended)

    There is an arb in structure and this hit the tape. The req under PM/TIMS is $3500. 3,500.
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