300.

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Quote from atticus:

OK thanks!

You're now long 50 synthetic 10 calls and long 5k spot. There is no way in hell that anyone is going to sign-on and watch you trade-away their risk by replication half of their position.
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no, but then they wouldn't be up almost $10K on tuesday when the stock gaps back up to 11.50 would they?

and my position is sound.
i have unlimited upside potential on the stock and half my downside covered with the put.

i could write the june 11 call, but i'm not holding longer than a day and BAC is going up, not down.

normally i wouldn't do this, but since you're challenging my logic, i'll wait until tuesday when i close out to call you out to do better.

any jerkoff can copy an options textbook. let's see you actually prove you can trade and make money.

i know i can. i just did.
 
Quote from TRYKtrading:

no, but then they wouldn't be up almost $10K on tuesday when the stock gaps back up to 11.50 would they?

and my position is sound.
i have unlimited upside potential on the stock and half my downside covered with the put.

i could write the june 11 call, but i'm not holding longer than a day and BAC is going up, not down.

normally i wouldn't do this, but since you're challenging my logic, i'll wait until tuesday when i close out to call you out to do better.

any jerkoff can copy an options textbook. let's see you actually prove you can trade and make money.

i know i can. i just did.
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Any jerkoff can buy a synthetic call and lose twice the edge. All you're proving is your ignorance. Uh, BAC will be trading on Monday too.

Your position in BAC isn't the point. You're asking your traders to trade your position. Anyone of any substance would tell you to GFY, and that is why this will never get off the ground.

Posting that you bought BAC proves nothing, other than you're long some stock and calls on a shitty bank.
 
Quote from atticus:

OK thanks!

You're now long 50 synthetic 10 calls and long 5k spot. There is no way in hell that anyone is going to sign-on and watch you trade-away their risk by replicating half of their position.

The prop-trader is not going to ask you to hedge for them. They are looking for a free-call on their skills, not for the responsibility of trading to be assigned to some risk-manager.
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if i remember correctly, someone said in this thread there are only a few hundred profitable prop traders, not thousands.

so i'm not really concerned about what any prop trader would want or think, would i? they wouldn't be making the decision, our risk manager would.

and most likely the prop trader would be wrong and close out at the bell, whereas i'm long and covered, and will make what he probably makes in two months in less than two minutes of work for me hedging with options.

bell rang. school's out!

have a great weekend.
 
Quote from TRYKtrading:

if i remember correctly, someone said in this thread there are only a few hundred profitable prop traders, not thousands.

so i'm not really concerned about what any prop trader would want or think, would i? they wouldn't be making the decision, our risk manager would.

and most likely the prop trader would be wrong and close out at the bell, whereas i'm long and covered, and will make what he probably makes in two months in less than two minutes of work for me hedging with options.

bell rang. school's out!

have a great weekend.
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I'll ask one final question... HTF does the the synthetic call add to the potential profit?
 
Quote from atticus:

Any jerkoff can buy a synthetic call and lose twice the edge. All you're proving is your ignorance. Uh, BAC will be trading on Monday too. [/

any jerkoff did, and on monday BAC will be trading up and break 11.50, and until it breaks 13, i'll stick with the 12 put until it hits 12.54 and then write the call to lock in my profit on the call into june expiry and recover my loss on the original put hedge.

free money.

didn't think of that, huh?

and while you're trading i'll be on my new deck drinking lemonade and not caring if BAC goes up or down because i'll have my stop in place in case the world comes to an end over the weekend.

cheers.
rb.
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Quote from TRYKtrading:

Quote from atticus:

Any jerkoff can buy a synthetic call and lose twice the edge. All you're proving is your ignorance. Uh, BAC will be trading on Monday too. [/

any jerkoff did, and on monday BAC will be trading up and break 11.50, and until it breaks 13, i'll stick with the 12 put until it hits 12.54 and then write the call to lock in my profit on the call into june expiry and recover my loss on the original put hedge.

free money.

didn't think of that, huh?

and while you're trading i'll be on my new deck drinking lemonade and not caring if BAC goes up or down because i'll have my stop in place in case the world comes to an end over the weekend.

cheers.
rb.
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Well, you've fucked up the explanation beyond recognition.

So you'll hold the synthetic call to 12.54 and then cover all, or write a higher call?

Perhaps you could've saved yourself some money and simply bought the calls outright and maintained at least the illusion that you knew wtf you were doing.
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Quote from TRYKtrading:

5.18 is victoria day. i'm canadian. dumb american. i get both days off.
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Yeah, your illiteracy gave it away. Regardless, BAC will be trading while you're banging your sis.
 
Quote from atticus:

Well, you've fucked up the explanation beyond recognition.

So you'll hold the synthetic call to 12.54 and then cover all, or write a higher call?

Perhaps you could've saved yourself some money and simply bought the calls outright and maintained at least the illusion that you knew wtf you were doing.
More...


fubar.
love that.
maybe i will. but right now, 13 is too far out of the money until the stock breaks the next three resistance lines on the 1M chart. when they do, the options strategy will change, as will the size of my long position, which will increase to 100K (on margin because i can) from 10K when the stock breaks 12.54.

then i'll really make some mad money.

thanks for the insults, but i think i'll do okay. you can show the class how big your cock is on wednesday.

until then, sit down and shut up.

this is my show.
 
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