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

[convexx]

Long the Oct24 3725/3875/3950 132 calls from 46.25 mid. Will adjust PNL for edge loss on accounting. Looks good here as the drift from inception to 7-day is ideal. Not so if we crash. 7-day hold.

 

[marketsurfer]

No, I didn't take the trade. It's not a matter of knowing my positions. It was a (forgotten) journal entry in light of regulatory scrutiny.

2% loss on portfolio.

"He only loses money due to clerical errors?" from my friend who is observing this journal

 

[convexx]

"He only loses money due to clerical errors?" from my friend who is observing this journal

It's not a clerical error. I forgot about the position because the stuff I model and don't trade is expressed at mid. I forgot about it. Regardless, I will take the loss and account for it. I would never have let the thing go to D1. Admitting that I forgot about it won't change the PNL. Unlike some people that ignore a stop-loss because two years ago they stated something about a "five touch rule" on stops. I think you know that guy.

Is this the same friend who stated that I need to post the individual prices on the leg of each spread...? That moron?

 

[convexx]

Ok, that's all well and good--- but, as an allocator asked me, why doesn't he post the exact pricing of the legs? Professionals in the business find this odd---

I understand not posting anything, I don't, but I am not looking for allocations.

I guess you made nice with Convexx? I am happy to see this.

surf

His allocator thinks that the COB can't sum the legs of a spread. "Professionals in the business find this odd." This guy is legendary.

 

[kinggyppo]

His allocator thinks that the COB can't sum the legs of a spread. "Professionals in the business find this odd." This guy is legendary.

its likely the vol fund guy modeling sub 9 by the end of the year

 

[convexx]

its likely the vol fund guy modeling sub 9 by the end of the year

Yeah, the impossible sub9 VIX, red eurodollars at 102, and there is one guy at each exchange making sure the legs match the debit.

 

[lucysparabola]

"He only loses money due to clerical errors?" from my friend who is observing this journal

lol as opposed to only losing money when doubling down, ignoring stops, doubling down again, having a 10yr+ researched system that incredibly inverted that ONE VARIABLE which turned all winning signals into losses, etc.

Surely this friend has some opinion of your own journal, yes?

 

[marketsurfer]

lol as opposed to only losing money when doubling down, ignoring stops, doubling down again, having a 10yr+ researched system that incredibly inverted that ONE VARIABLE which turned all winning signals into losses, etc.

Surely this friend has some opinion of your own journal, yes?

i admit my losses and short comings when it comes to the market. That is respected on the Street.

 

[lucysparabola]

No, I didn't take the trade. It's not a matter of knowing my positions. It was a (forgotten) journal entry in light of regulatory scrutiny.

2% loss on portfolio.

It's not a clerical error. I forgot about the position because the stuff I model and don't trade is expressed at mid. I forgot about it. Regardless, I will take the loss and account for it. I would never have let the thing go to D1. Admitting that I forgot about it won't change the PNL. Unlike some people that ignore a stop-loss because two years ago they stated something about a "five touch rule" on stops. I think you know that guy.

Is this the same friend who stated that I need to post the individual prices on the leg of each spread...? That moron?

i admit my losses and short comings when it comes to the market. That is respected on the Street.

So you call the above what, then?

rhetorical q. I truly can't tell if you're this daft or simply the greatest troll the internet has ever known. forever a mystery... carry on.

 

[EPrado]

i admit my losses and short comings when it comes to the market. That is respected on the Street.

What street are you talking about........Sesame Street ?