300.

[BostonTrader339]

Quote from cohenmichaela:

Again, you are short puts. 100 of them at the 20 strike. And no you haven't written your reasoning except to say that you don't mind paying double the spread and commissions.

You have not given a reason why anyone including yourself would want to do this.

no, i'm not short puts.
yes, i know short 100 calls + shares is short puts, but i don't interpret it like that, because that isn't the strategy.

the position is as follows:
L10000MSFT@20.45 -1500
S100JUN20C@.91 +450
L50JUL22P@1.91 +675
N -425

if i sell the options, i'm up $1125 and i keep the stock, sell it at a minor loss, or add to the position, or do another options trade depending on whatever factor changes between now and tomorrow. i doubt much will. not with MSFT. the market, maybe.

i realise you two are combining the three trades as if one strategy, but they're three separate trades based on three different possible outcomes.

and it will change day to day, depending on whatever factors change intraday, or overnight.

you guys are thinking in terms of a single PNL, not trade by trade, and when you're moving in and out of 100 positions a day like i am, all with different reasons and strategies over the intraday, short, and longer terms, whether these make sense to you or not, doesn't mean a goddamned thing to me.

end of the day, i'm net positive overall on every single position trade since 5AM.

so you answered your question for me. and no, i don't give a fuck what you'd do, either, if the spread+comm cuts into my profit or even costs me money, my reasons are not as cut and dry as it does not appear.

i'm ignoring sylvester until he/she apologises to me for being a total douchebag, but i doubt that will happen. it's his/her nature.

but to make a separate point, someone argued that you couldn't hedge on an intraday basis using options.

i disagree, because i just did, and my net pnl on this trade is positive, as is the entire of my book from friday to today.

 

[atticus]

Quote from TRYKtrading:

no, i'm not short puts.
the position is as follows:
L10000MSFT@20.45 -1500
S100JUN20C@.91 +450
L50JUL22P@1.91 +675
N -425

if i sell the options, i'm up $1125 and i keep the stock or add to the position, or do another options trade depending on whatever.

i realise you two are combining the three trades as if one strategy, but they're three separate trades based on three different outcomes.

you guys are thinking in terms of a single PNL, not trade by trade, and when you're moving in and out of 100 positions a day like i am, all with different reasons and strategies over the intraday, short, and longer terms, whether these make sense to you or not, doesn't mean a goddamned thing to me.

end of the day, i'm net positive overall on every single position trade since 5AM.

so you answered your question for me.

and no, i don't give a fuck what you'd do, either.

You stated you didn't want to be short puts. The position has a short put component. Here's a dissection.

The long spot position from 20.45 coupled with the short call from $0.91 is equivalent to a short 20P from $0.46.

You are short the June 20P from $0.46 x 100, synthetically. It's identical to selling the 20P outright, but added commission and microstructure risk on entry and exit.

You are long 50 July 22P from 1.91
You are short 100 June 20C from 0.46

 

[BostonTrader339]

Quote from atticus:

You stated you didn't want to be short puts. The position has a short put component. Here's but one dissection.

The long spot position from 20.45 coupled with the short call from $0.91 is equivalent to a short 20P from $0.46.

You are short the June 20P from $0.46 x 100, synthetically. It's identical to selling the 20P outright, but added commission and microstructure risk on entry and exit.

You are long 50 July 22P from 1.91
You are short 100 June 20C from 0.46

God, is that you?
i thought i told you to go fuck yourself.
and how would you know i'm not in another position to arb the 0.46?
oh wait, you're GOD.

 

[atticus]

Quote from TRYKtrading:

God, is that you?
i thought i told you to go fuck yourself.
and how would you know i'm not in another position to arb the 0.46?
oh wait, you're GOD.

Right, sure.

You stated you didn't want to sell puts and that's what you're holding. You have no clue how to derive a synthetic nor understand that the combo is a synthetic short put... but now you're arbing the 46 cent synthetic put.

If so, you would be a buyer of the natural put to complete the conversion, which makes your defense incredibly absurd.

TRYK delisted.

 

[BostonTrader339]

Quote from atticus:

You stated you didn't want to be short puts and now it's an ARB? TRYK hitting NLs.

i said, IF tech sells off, i wouldn't want to be short puts. doesn't mean i didn't want to be today. that's why i did this trade. i expected MSFT to rise today, but it stayed flat. tommorow is a new day.

 

[atticus]

You're shitting on your lawn again, you'd better have my posts deleted like you did yesterday.

 

[BostonTrader339]

Quote from atticus:

Right, sure.

You stated you didn't want to sell puts and that's what you're holding. You have no clue how to derive a synthetic nor understand that the combo is a synthetic short put... but now you're arbing the 46 cent synthetic put.

If so, you would be a buyer of the natural put to complete the conversion. Which makes your defense incredibly absurd.

TRYK delisted.

but since i am NOT SHORT MSFT overall, it's exactly the position i wanted to take from the open today, because it not only covered my downside on the 0.19 cents i lost per share on the stock, but i actually made a profit if i'd closed the two options trades.

and since i am NOT defending myself, rather, i'm just fucking with you because i enjoy it.

the name of my company is...?

are you guys always this gullible?
seriously.

 

[BostonTrader339]

Quote from atticus:

You're shitting on your lawn again, you'd better have my posts deleted like you did yesterday.

your posts were deleted?
how? maybe someone else thinks you're a douchebag too.
as long as it's my lawn, i'm okay with that.
if it were you, i'd rub your nose in it, dawg.

 

[atticus]

Quote from TRYKtrading:

but since i am NOT SHORT MSFT overall, it's exactly the position i wanted to take from the open today, because it not only covered my downside on the 0.19 cents i lost per share on the stock, but i actually made a profit if i'd closed the two options trades.

and since i am NOT defending myself, rather, i'm just fucking with you because i enjoy it.

the name of my company is...?

are you guys always this gullible?
seriously.

Nobody cares what you earned. You're delusional, and if you can't dissect it at 40yo there is little hope. Mike Cohen asked you 3x why you didn't trade the natural put over the synthetic and you go into a missive about Windows 7. Right, you know what you're doing.

Done here, have fun. Be sure to whine to the mods to have this post deleted like the rest.

 

[atticus]

Quote from TRYKtrading:

your posts were deleted?
how? maybe someone else thinks you're a douchebag too.
as long as it's my lawn, i'm okay with that.
if it were you, i'd rub your nose in it, dawg.

You deny you asked to have my posts deleted? The posts outlined your sale of the BAC put at 1.15 when it had not traded above 1.13. You carried the BS over to your PnL as well. You said it was a typo. Many typos.