convexx's "hitting bids and lifting offers" ETF options

Status
Not open for further replies.
scr12 said:
Is majority of your trade in listed options are asymmetrical fly's?
More...


No, I actually trade more 121s and RTVN-calendars in managed and personal accounts. I may as well trade asym if I am paying the offer. It depends on my projection of price & speed. With sym I am truly looking for a body touch. With asym it's far more complex (drift, decay, var, skew).
 
Last edited:
I feel pretty good about today; save for neutering the VXX position. Too early on reaching body on SPY and NDX, hence the large Q-hedge. Q-hedge will produce the equivalent of 18 SPX points at the midpoint between my body and wing-strikes (on the upside) on my asym positions, so I am comfortable with the risk, at the moment.

It's very difficult to arbitrarily to trade AT NBBO pricing.
 
I am going to limit my posts to my own personal threads -- or specific content solely related to optionality and trading. No tangents; no bickering with degens.

A lot of personal and professional stress and posting here isn't a healthy outlet, but I am committed to completing this journal. Ridding this site of dubious types isn't going to happen (again), so it's a destroyer of productivity. I get 22.5 hrs of sleep during the trading week and that's got to change.

Thanks for reading.
 
US shares above n-period MA:

5PBi0sS.png
 
Status
Not open for further replies.
Back
Top