ES Journal - 2019/2020

[mastacoli71]

late post as I have full time job...shorted 74...scaling in more 78-83

 

[destriero]

I am up 4% on the day, across all accounts. Thank you, LONGS!

Edit: +4.3% for the day unless the marks on the arb are stupid (+/- 0.4%).

 

[ESfocus]

"marks on the arb" have no idea what you are talking about> will you elaborate pls??

 

[destriero]

"marks on the arb" have no idea what you are talking about> will you elaborate pls??

I am short a box arbitrage in share options. The broker, on occasion, will mark the synthetic long and short at a price above or below the strike differential. I booked 4.3% on my index short. I will post the run tomorrow, but not sure of what figure it will be due to the silly arbitrage valuation (from 3.9% to 4.7% gain marked to market).

+4.3% on index short. Var on overall return as the arbitrage is large.

 

[speedo]

Not being an options guy, I have no idea what Des says but love the lingo

 

[destriero]

Not being an options guy, I have no idea what Des says but love the lingo

ha, just that I have a lot of other positions that are held to terminal value (expiration), so the return may be slightly off. Regardless, I am done for the day. Heading to LV en route to Japan.

 

[speedo]

Have fun

 

[ESfocus]

Have fun

He always has fun, he has more fun than most of us and quit sucking up to him lol

 

[speedo]

He always has fun, he has more fun than most of us and quit sucking up to him lol

I've known the guy on here for years, we have mutual respect.

 

[ESfocus]

I've known the guy on here for years, we have mutual respect.

ok, that's cool. I can see you've been here awhile.