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Wow, cool story, Greenspan. Did you find a 2009 WSJ outside your double wide?

FAFO? lol this is priceless.

My oldest started trading (-)volcorr (mkt up/vol down) by buying 50 shares of spot and selling one OTM call. It's the same as a synthetic-straddle but a half-lot. It allows for diversification in odd lots.

It sucks. Missing an oppo like that after it trades 2x implied vol (as realized) is tough. I was not making a call on XOM just the probability of the thing trading ITM. It only works as prot if it's realized. IOW, if you thought I was making a directional call on the shares I did not mean to...

"How can you sell the calls if you haven't bought the puts!" He was long the puts against the calls. Long shares. Long cs.

This dude is the poster child.

20 delta. IOW delta as a rough exp-probability and 40% touch prob.

What do you teach? ABCs and 123s? You were long the 111/120 call spread through earnings. It was your idea to sell the risk reversal and you were asking about strikes. I made a comment about the likelihood of the 111P going off worthless (they did). I was not making a call. I was expressing a...

omg the drama! It's Dickensian! The puts traded ITM and I am at fault? lol fucking bill me. You were long the synthetic 10/20 call spread. If none of that makes sense or matters to you then stop what you're doing. The puts were five bucks OTM after earnings so yeah, not a high probability...

Oh, and they did (expire worthless). Path-dependency is a bitch.

Yes. They will offset under FIFO and you didn't have a position before the exercise.

Don’t link me to this stupid shit. Understood?

To repeat: long stock + 110P - 120C = 110/120 bull spread and ITM. So yeah, you did it before the report so took a 600bp hit on event-vol. Marked at 114-115 at inception. You bought a 20D put prior to earnings, got paid, and instead of booking it you made breakfast?

lol warned SBF. You stated exactly sht.

tgt posted he had shorted some silly figure in nickel calls. Something like 20x the OI in the series. Prolly nothing.

He's holding a PDT account. Doesn't know how to transact a CC and unaware of what happens with an assignment on a short call.

Where did you find the GH pic, pikerrrr?

I shall, my son.

Show us yours.

The only thing saving your ass from a beating is 1200 miles of Interstate.