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Assignment risk. Microstructure. NBBO. et al, etc. ad infinitum.

lol. Bye. Please stop talking out of your ass. Short the guts and buy the outside. Let us know how it works out for your PNL.

No, but I can't say. Close! Also fits.

lol so we blow up before we go down. A period of days, weeks, months or years. Brilliant, retard.

Watch. ;)

@gaussian suffers from TADS.

Yet asiaprop is back. Corky5 makes the same assertions w.r.t. Blacks yet he gets a pass.

Shares vs. lottery ticket. Delimited (add both delta, absent sign, =100) and they will carry similar vega. IOW, a 90Δ call and a 10Δ call will have the same vega if vol is flat.

You're short the outside strangle from 60 and it's marked to 20 in say Dec X. You're a "tax avoidance/aggressive" type who wants to cover the position at 20. You would buy the guts strangle in a 2021 expiration and the resulting position would be long the roll via two expirations. It's a box in...

lol! 900C/1100P guts at 240 prem. 900P/1100C outside at 40 prem. Duh! 200 points moar premium! Dude, equivalent. It's the box arbitrage. Don't trade the guts unless you're a tax cheat or stupid (ostensibly both). The only utility (at retail) of the guts is to defer the closure of the position...

I follow that and agree. Someone trading DITM calls and/or puts on shares as a D1 proxy are not trading vol.

2.78 gainer, yes. It's also useful for bet sizing.

Yeah, that's pointless as they get flat-vol the third Friday before the end of the quarter in listed-vol.

Flatly, if you don't, at the very least, have a vol-based target... you will fail in delta1. As a trader. I don't mean you can't swing trade as a hobbyist with a large bankroll and beat the SPX /n-years, but as a spec-trader in any asset? Not possible. Not without OPM (100x your partner stake or...

I can't say or eventually it will come back to me.

And it's all the truth you need. Descendants of enslaved chattel cannot cannot be empowered by racism.

So successful traders don't post PNL because it's beneath them to do so... this forum must be 100% populated with 8-figure traders bc nobody knows how to produce a blotter. Fuckers spending their lives posting on the pol-forum or posting charts a day late yet couldn't produce a PNL run to save...

BTW, he's lying. They have fewer than 20 PMs and less than 40 PhDs overall. Perhaps the number peaked at 100 at some point. They have something around 200 ppl overall and obv the majority in back office roles.

Have you ever heard the guy talk? They are the largest vol-trader on the planet by an order of mag. I don't mean it in terms of edge but in the sense that it's just an overlay in absurd size. The firm had a giant overlay/short reversal on that had hurt them in 2019 and early 2020 that paid off...

Well, they are FOS. I don't tell the wife bc she doesn't want the stress of knowing the var. I love it when ppl say, "you'd never know he/she's a successful trader." Cash is our inventory. What else is there to discuss? Pikers trading one lots and showing charts? Yeah... no thanks.