0DTE-SPX Options vs. ES, MES

[BlueWaterSailor]

You post something like that, and think you are going to attract me to vertical spreads? You are truly nutzo, like all options traders. WTF was that diatribe, lol!

Of course I am - you already knew that! And "that" was a listing of just some of the greeks (OK, plus their sensitivities and other things.) Different order greeks, too... the point being to have a fun way of scaring the hell out of people like you. Mission accomplished.

But here's your BIG CLUE: the point of spreads is that they're (roughly speaking) flat the greeks. The only thing you have to worry about is direction: does the price go to/through your spread or not?

If you can predict direction with your polycyclic psychedelic stable diffusion recursive animation Kandinsky chart crap, spreads will put money in your pocket. If you can't, well, you're no worse off than you were... except for a measure of safety, since spreads are risk-defined.

Better than your damn futures falling through the floor, anyway...

 

[BlueWaterSailor]

Not a Greek - a marking technique. Google it.

Actually, that was the first thing I did. No luck. Found some guy asking about "carpet bombing dividends" (by which he meant buying a stock just before ex-div and selling it right after... ho-hum, another brilliant discovery...), but nothing else. If you have a pointer or can explain, I'd appreciate it.

 

[Overnight]

...

Better than your damn futures falling through the floor, anyway...

You are too intelligent and exhausting to reply to at this time. I need to save that energy to be able to sleep. (How's that for irony!)

 

[BlueWaterSailor]

You are too intelligent and exhausting to reply to at this time. I need to save that energy to be able to sleep. (How's that for irony!)

I'm not quite as convinced of my brilliance as you are (or as I used to be); options, and the folks who truly understand them, have given me a measure of humility. Well, a small one, anyway. But I do understand being too exhausted to sleep - not a state to wish on anyone.

Sleep well, my friend.

 

[Overnight]

...
Sleep well, my friend.

Lol, damn, are you this guy? I cannot imagine you playing Jai Alai though.

 

[ETJ]

OK, I believe you.

https://www.benzinga.com/10/10/535229/spx-“carpet-bomb”-due-to-vix-settlement

Dozens of references, including a WSJ article. There is no off button.

 

[BlueWaterSailor]

OK, I believe you.

https://www.benzinga.com/10/10/535229/spx-“carpet-bomb”-due-to-vix-settlement

Dozens of references, including a WSJ article. There is no off button.

Thanks; I appreciate it. Perhaps my Google-fu wasn't working all that well today.

 

[ETJ]

Stay dry!

 

[BlueWaterSailor]

Stay dry!

Thanks - Florida is just a bit wet this time of year...

 

[ETJ]

That is just my ex down there for the sun.