1000% Implied Volatility In GameStop

[ironchef]

They will show a NBBO tomorrow once we open.

OK thanks. I will observe and learn.

 

[newwurldmn]

Since you guys all like flies.

GOOGL:

Long the Mar19, 2021 1750/2030/2500 231 asym-fly in puts at 299.55 last. Any fill under 303 is acceptable. I am quoting it as the put spread, but ideally you'd trade the combo/synthetic by shorting two of the Mar19 1750/2030 put spreads and shorting one of the Mar19 2030/2500 call spreads.

299.55 basis Friday's close. It's going to trade to 302-303 on Tuesday open. So we can address it 15 mins after the open. Marked to the above put fly at 299.55 last.

NVDA:

Long the Apr16 450/650/750 132C asym-call fly from 85.98 last. Same conditions as above. This spread isn't going to move from Friday to Tuesday. Obv best-practice is to trade the synthetic, but we will mark it to the call fly.

I am marking both trades to Friday's close and anyone else whom would like to play can do so using Friday's closing prices as long as it's done before the futures open at 6pm ET. today. Otherwise you're gonna need to use Tuesday's prices.

GOOGL put fly: 299.55 mid.
NVDA call fly: 85.98 mid.

I own both of these, but only the GOOGL in size. The GOOGL is a $30K req so it really doesn't fit the contest, but it's my biggest position, personally. In March and other months. The March position being representative of my greeks.

$38,600 req.

I eagerly await @Butterfly to post his options trade based on put call parity; though his CFA might prevent him from doing so.

If the association found out, they might disappear him.

 

[Butterfly]

I eagerly await @Butterfly to post his options trade based on put call parity; though his CFA might prevent him from doing so.

If the association found out, they might disappear him.

believe me, I am still looking, just to expose your own incompetence publicly

you already lied about your CFA and got exposed for it, it will be easy with the put-call parity

 

[newwurldmn]

believe me, I am still looking, just to expose your own incompetence publicly

you already lied about your CFA and got exposed for it, it will be easy with the put-call parity

I did have my CFA certification. If I wanted to prove it to you, it wouldn’t take me 2 weeks to do so, unlike your Larry tabb quote.

 

[Angelo_60]

We are building a paper trading system so I can try these trades out.
Our prices are 14-minutes before the close so they are off from your closing prices.

Matt,

according to your chart, the max loss of this GOOG fly is between 50k and 100k.

According to IB OptStrategyBuilder is more like 37-38K (I used 20210326 exp, because unable to find 2030 put in IB database for Mar19 expiration ).

Moreover, for all the forumers here: the proposed position seems to enter the "suffering zone" with a 10% move in GOOG in either direction.

Wondering if this occurrence is planned and - should this be the case - what are the best actions to take.

PS Thanks Dest for all your inputs, you a are a driving force in this community.

 

[unconventional wisdom]

Since you guys all like flies.

GOOGL:

Long the Mar19, 2021 1750/2030/2500 231 asym-fly in puts at 299.55 last. Any fill under 303 is acceptable. I am quoting it as the put spread, but ideally you'd trade the combo/synthetic by shorting two of the Mar19 1750/2030 put spreads and shorting one of the Mar19 2030/2500 call spreads.

299.55 basis Friday's close. It's going to trade to 302-303 on Tuesday open. So we can address it 15 mins after the open. Marked to the above put fly at 299.55 last.

NVDA:

Long the Apr16 450/650/750 132C asym-call fly from 85.98 last. Same conditions as above. This spread isn't going to move from Friday to Tuesday. Obv best-practice is to trade the synthetic, but we will mark it to the call fly.

I am marking both trades to Friday's close and anyone else whom would like to play can do so using Friday's closing prices as long as it's done before the futures open at 6pm ET. today. Otherwise you're gonna need to use Tuesday's prices.

GOOGL put fly: 299.55 mid.
NVDA call fly: 85.98 mid.

I own both of these, but only the GOOGL in size. The GOOGL is a $30K req so it really doesn't fit the contest, but it's my biggest position, personally. In March and other months. The March position being representative of my greeks.

$38,600 req.

Amazing call with NVDA Destriero. I couldn't make the trade because my account was no longer margin, but it looks like this one would have doubled my money. Seeing it move up to $650 over the past week was really something! Chapeau!

 

[.sigma]

Thanks Destriero!

it'll be my first fly: somehow my values look different to those posted by Matt_ORATS.

View attachment 251877

is it correct?

@Matt_ORATS chose the 1730 wing, while @destriero bought the 1750

 

[.sigma]

Amazing call with NVDA Destriero. I couldn't make the trade because my account was no longer margin, but it looks like this one would have doubled my money. Seeing it move up to $650 over the past week was really something! Chapeau!

its almost eery how well desty called this. Especially when Nividia has never touched the 650 strike in its entire existence. While you’d have to endure some pain with that sell off to 470 beginning of March, the overall play is a beauty. If NVDA pins 650 tomorrow I’ll cry.

 

[.sigma]

NVDA:

Long the Apr16 450/650/750 132C asym-call fly

NVDA call fly: 85.98 mid.

Currently a hunnid bucks above this fill, amazing

 

[taowave]

Keep in mind that he had the fly on with the stock at 600 and it sold off to 460 and then exploded up tp 645...Not speaking for Des,but with an 86 debit,I seriously doubt he just sat there without making some gnarly adjustments along the way.That was no walk in the park

its almost eery how well desty called this. Especially when Nividia has never touched the 650 strike in its entire existence. While you’d have to endure some pain with that sell off to 470 beginning of March, the overall play is a beauty. If NVDA pins 650 tomorrow I’ll cry.