Destriero - Butterfly Trades

Justrade · Feb 17, 2021

Angelo_60 said:
SN stands for????

I remember a long time ago someone mentioned starting a Dest101 for nomenclature

It always makes me laugh when Dest post something (once u get it though there are some nuggets to be gained)

destriero · Feb 17, 2021

Marcelino said:
Thanks, but what exactly do you mean by that?

All I can think of is this, looking at 30 day from now, but not sure what to make of it.

View attachment 252068

Chart the gamma on day 1. What good is a 30D stress?

Marcelino · Feb 17, 2021

Assuming placed today, here it is, but still, how do you interpret that?
Thanks.

Marcelino · Feb 19, 2021

Your son's trade is already over 1.5k in profit. However Apr 16 option chain shows there's only one 2500 put contract out there (his) and assume there was none when he opened. Wasn't this a concern?

taowave · Mar 29, 2021

Just came across this...Great post..Seemingly simple concept that cuts right to the heart of the matter..

newwurldmn said:
Skew is a complicated trade. It takes a big notional position to make moderate dollars.

My experience is that if I profit from sticky delta, I would have made money trading delta in 1/10th the notional.

.sigma · Mar 29, 2021

taowave said:
Just came across this...Great post..Seemingly simple concept that cuts right to the heart of the matter..

What post?

getthatintoya · Mar 30, 2021

@sigma
newwurldmn said:
Skew is a complicated trade. It takes a big notional position to make moderate dollars.
My experience is that if I profit from sticky delta, I would have made money trading delta in 1/10th the notional.

.sigma · Mar 30, 2021

getthatintoya said:
@sigma
newwurldmn said:
Skew is a complicated trade. It takes a big notional position to make moderate dollars.
My experience is that if I profit from sticky delta, I would have made money trading delta in 1/10th the notional.

oh okay thanks, yeah new wurld blocked me awhile back because I said a curse word. Wish he’d unblock me as I enjoy his knowledge smh

taowave · Mar 30, 2021

So thats why you asked..

.sigma said:
oh okay thanks, yeah new wurld blocked me awhile back because I said a curse word. Wish he’d unblock me as I enjoy his knowledge smh

destriero · Mar 30, 2021

I know guys that are always structured long delta in calendars and diagonals for the SD. ATM at 12 with the 20D strike at 10; short futures or cash. But generally you're not in the position solely for sticky delta.