convexx's stfu journal

[Pekelo]

so I am essentially done with journals.

Yet 10 hours later you started another one....

 

[Redneck]

Yet 10 hours later you started another one....

Ever met a trader who didn't change their mind - sometimes often

woo-pity f'n do

btw - numbnuts called him out - yet again

RN

 

[vanv0029]

I modelled a SPY fly on the SPX that you posted. From memory 1.84 mid so took 1.90 as entry. Bid yesterday was >3.10 in the afternoon, which is when I close out my positions so that's 63%.

For better or worse, I tend to hold longer than you do.

I tried the same Sept. 12 SPX 1960/2000/2040 call fly. I held into expiration day thinking there was a
resonable chance SPX would pin to 2000.0. I waited too long and closed the long 1960 calls at 26.80.
My entry was also poorly timed because the spread cost me 21.20. Still profit was 25% of cost which
is not too bad. I closed the ITM 1960 calls at about 12:33 EST for 26.80 and let the other 2 options
expire EOD. IB portfolio margin said my margin for the short 2000 calls was 7 times higher than
the debit cost of the spread for 3.5 hours. IB was right. If the Fed had announced QE3 to buy
SP 500 futures, I would have been in trouble.

 

[marketsurfer]

Yet 10 hours later you started another one....

Sports knows he's being observed-- so he's gonna try to make a better impression this time for those folks who really matter.

 

[dartmus]

Yeah. Another advantage of trading like this is you can trade 24/7. Even when exchanges are closed.

Want to trade Christmas day? Can easily be done. Plenty of liquidity.

Let's say you are having a rough Saturday betting college football. You want to make back your losses. Why risk betting more games? Go buy Euro Futures at 1.3100. Then hit the bid in the Nikkei Futures at 15,000. That's over 14,998 points in profit!!! I'm pretty sure you are also allowed to choose your own tick value as well.

This would b too funny-- if only it wasn't--- true.