Let's unpack this sh!t as it's Friday and it's hilarious.
That's a @raVar/veyron thread in which he promoted "grid trading" or simultaneous longs/shorts on OTC FX in the same pair. The shi!t that the NFA outlawed to protect the clients from themselves. We got past the Fibonacci sh*t and he admitted to the ridiculous long/short position.
I don't know which post triggrd the guy, but he wrote the above option gibberish quoted by TBS.
Backspread option? As an option.
Reversible iron fly option... because the put or call fly isn't enough. It's an iron!
Encapsulated. He should have used embedded. At least we would long for his OTC explanation.
Piece de resistance: his bleeding extensions.
This is a guy who has spent DECADES on here and has learned nothing. He could read Hull 10x over and the result would be the same. Immortalized here.
He thinks a long six month call is short vega.
THANK YOU Hosea Askew and your many nicks.
Everything you wanted to know about Hosea
https://www.berkeleyside.com/2020/0...ife-charged-in-berkeley-road-rage-murder-case
