Cooking Calendar Spreads

Quote from hedgeman:

Selling? Boy, let me tell you, I've got nothing to sell. But when I see what I've seen so far on this site, makes me wonder who the hell actually trades here? You? What kind of money do you actually make?

I joined here to help or set straight guys like you, you know, the ones that think they know it all. You don't even know how a calendar/time spread makes money. I have expressed that I don't trade these but I do have a brain. You have how many posts on absolutely nothing? You really don't impress me, I've seen your garbage.

Further, posts like yours, how productive do you think they are? And how old are you? 12?

More productive than the, "I would take my bet over anything I have read hear so far." Who couldn't price an arb if his life depended on it.

Well it's certain that you stated absolutely NOTHING in those 200-300 odd words. Calendars are one of the riskiest bets. Based upon nothing more than your gibberish.

Here comes more "outside the box" thinking... you know, the stuff that abrogates pricing. Some super-sekrit adjustments from a guy that can't price a box.

Dude, cut the overt sales-pitch to the newbs. You are the newb.

Sorry if you take offense, but you're not the first to try, nor the most eloquent.
 
Quote from atticus:

Well it's certain that you stated absolutely NOTHING in those 200-300 odd words. Calendars are one of the riskiest bets. Based upon nothing more than your gibberish.

Here comes more "outside the box" thinking... you know, the stuff that abrogates pricing. Some super-sekrit adjustments from a guy that can't price a box.

Yea thats righ, atticus. Where did you find that name?

You are clueless, you are not an actual trader and you have readers on this board that actually listen to what you write?

Here's a clue for the newbie. You want to lose? Listen to Atticus. You like winning? Listen to guys like me, who actually have a record and are not intimidated by the showboats. Traders that actually trade and can give perspective without the b/s and in English. You can learn from guys like me, Atticus.

Hey Atticus, I can call it a butterfly without calling it a 'fly'. Pretty cool huh? I'd love to see your P/L. LOL!!

Wait, did you call it an 'arb'?? How cool is that?? Wow!!
 
Quote from atticus:

Time flies are dumb unless you're trading switch-risk (contango/backwardation curves) in commodities. The exception would be the vol-ramp into earnings on something like GOOG or PCLN. Sell deep ITM calls in front month for deltas (zero-decay); buy 2x ATMs in reporting month; buy deep OTM in next reporting month. Just one example and nearly a pure vol-risk.

that sounds like a calender ratio of some sort.... the idea is to catch the vol increase in ATM's and OTM's and pay for it with DITM front month (the month expiring before earnings) that actualy makes sense..
 
Quote from hedgeman:

Yea thats righ, atticus. Where did you find that name?

You are clueless, you are not an actual trader and you have readers on this board that actually listen to what you write?

Here's a clue for the newbie. You want to lose? Listen to Atticus. You like winning? Listen to guys like me, who actually have a record and are not intimidated by the showboats. Traders that actually trade and can give perspective without the b/s and in English. You can learn from guys like me, Atticus.

Hey Atticus, I can call it a butterfly without calling it a 'fly'. Pretty cool huh? I'd love to see your P/L. LOL!!

I don't post the vague. I've posted thousands of trades on this site. Entries and exits and all at marketable prices. I posted my runs from IB (and others) hundreds of times. With time stamps on the runs, no photoshop BS.

I posted a run for the entire week last year, each day. $200k for the week.

Where are your runs? What record have you shown? All you've shown is a propensity for BS and the inability to pull it off.
 
i'll tell you my fucking run.. i'm down almost 500 bucks on a 5k account i opened with TOS... thats hemorrhaging cash... pissed about it... i'm not scared to say.. "i don't get this yet!" fuck impressing anyone
 
Quote from cdcaveman:

that sounds like a calender ratio of some sort.... the idea is to catch the vol increase in ATM's and OTM's and pay for it with DITM front month (the month expiring before earnings) that actualy makes sense..



Stock at $500

Short 450C in "front month"
Long 2*500C in 1st reporting month
Short 550C in 2nd reporting month

You're unable to make the front month within 30-days, as the dates won't be equidistant. Short the time fly into the present-Q earnings release.
 
Quote from cdcaveman:

i'll tell you my fucking run.. i'm down almost 500 bucks on a 5k account i opened with TOS... thats hemorrhaging cash... pissed about it... i'm not scared to say.. "i don't get this yet!" fuck impressing anyone

The guy's got 45 post of gibberish implying that he's got some edge and not a trade posted to his name. If he's going to talk about PNL then the buck stops with him.
 
Quote from hedgeman:

Yea thats righ, atticus. Where did you find that name?

You are clueless, you are not an actual trader and you have readers on this board that actually listen to what you write?

Here's a clue for the newbie. You want to lose? Listen to Atticus. You like winning? Listen to guys like me, who actually have a record and are not intimidated by the showboats. Traders that actually trade and can give perspective without the b/s and in English. You can learn from guys like me, Atticus.

Hey Atticus, I can call it a butterfly without calling it a 'fly'. Pretty cool huh? I'd love to see your P/L. LOL!!

Wait, did you call it an 'arb'?? How cool is that?? Wow!!




Have you ever posted any *trade* with an entry price and time to this site? Even a single instance?



.
 
Quote from atticus:

The guy's got 45 post of gibberish implying that he's got some edge and not a trade posted to his name. If he's going to talk about PNL then the buck stops with him.

Still?? You can't be serious? You think that by posting my trades that its going to make me really cool like you??

How about turning 125k to 421k since June '11? Hey I'm up $222,490 this year as of now! Shit, I'm down $887 today. What to do Mr Atticus? This is MY money. You think I am posting gibberish? Wait, you want me to now post my trades?

Any post I have made is not for me, its for the new trader. I have been trading since '95. Started with commodity futures, then options on commodity futures then stocks the options on stocks then options on indexes.

Point is, I'm here to impress NO ONE, not even you, Mr. Atticus. But, instead, I can destoy the garbage you pollute this site with, and offer alternatives. Yes, you cannot bullshit me, Atticus. I have nothing to sell. So even if you call it a 'fly' and I call it a butterfly, I'm still pretty cool, too.
 
Quote from hedgeman:

Still?? You can't be serious? You think that by posting my trades that its going to make me really cool like you??

How about turning 125k to 421k since June '11? Hey I'm up $222,490 this year as of now! Shit, I'm down $887 today. What to do Mr Atticus? This is MY money. You think I am posting gibberish? Wait, you want me to now post my trades?

Any post I have made is not for me, its for the new trader. I have been trading since '95. Started with commodity futures, then options on commodity futures then stocks the options on stocks then options on indexes.

Point is, I'm here to impress NO ONE, not even you, Mr. Atticus. But, instead, I can destoy the garbage you pollute this site with, and offer alternatives. Yes, you cannot bullshit me, Atticus. I have nothing to sell. So even if you call it a 'fly' and I call it a butterfly, I'm still pretty cool, too.

Then offer alternatives. I post marketable trades. I try to help where I can. I call out unmitigated BS when I see it. You're correct about one thing; we won't lose anything listening to you as you've yet to post an actual marketable trade.

Prove it. And what alternatives? We've yet to see a trade from you. I authored this thread purely conceptually (not to produce specific trades) and all (but one IIRC) worked. I actually traded the positions to put some skin in the game (thread) as I don't trade many pitchforks anymore.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=244704&highlight=pitchfork

Where are your trades? Have you ever posted a trade at a price on this site?
 
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