How to short the S&P using options? Day & swing puts

Overnight said:
But you're THE SPX Options Trader, and the ES is a very simple thing. It is a future of the S&P index! It doesn't get much simpler than that! Was just looking for a simple answer to a simple problem.

Your mettle has been tested and...


Bummer man.
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SPX Ops daytrades. You are asking him for long term guidance. Why??????
 
destriero said:
I didn't watch that (bc I am not retarded) but he was probably in the trade bc of the news-vol. The guy is a legit fucking moron.
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I think he was one of those reddit/WSB types, so yeah. :) But people letting their trades expire without a clue of the risks of doing so... yeah, that's worth highlighting.
 
BlueWaterSailor said:
He clearly has zero clue
magical" methods make it absolutely obvious

destriero, taowave, Magic, TheBigShort, MrMuppet, danielc1, and a few others here have just matter of factly helped me break through
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Oh yea, sure, it's easy to give away...generic, theory, foundational, trading information...that will make you a nice, whopping, 5% a year.
That stuff is a dime-a-dozen across all social media sites...with fake gurus and charlatans pitching their courses for more advanced stuff.

I don't mean to brag and boist...but the information, experience, wisdom, approach in my head...can truly make you rich. I can give you Real money returns.
Now why the heck would I give away that kind of power to someone? Because you are a nice guy, and you deserve it....Get in line, for that.
Everyone will literally suck my d-ck, if I can deliver to them $400,000 a year in trading profits.
 
New as in managing director of equity derivatives at a major IB and ran a propbook at a 20 billion dollar hedge fund?

Dude,no disrespect,you are literally clueless when it comes to infant option theory.

An ITM option "will have a much more pricier, bloated, overall costs."???? Seriously????

If you are not talking leverage,D1
is your huckkeberry ,especially intraday..









SPX Options Trader said:
Well, the general idea...is to Anticipate a move. Not already be in the move, or in the money.

An option consists of two parts: intrinsic value, if it's in the money or not...and extrinsic value, all those greeks, volatility, misc, etc, calculated, factored, priced in.
Naturally, an option that's In the money will have a much more pricier, bloated, overall costs...than an option contract that's not, yet, valuable.

Would you rather own a fire home insurance policy that's not yet on fire? Or purchase a policy that's already on fire?
To purchase a fire home insurance policy that's already on fire...will costs you much more, compared to a home that's not on fire.

Like I previously mentioned, it's all about Timing,....the better timing someone has, the much more profitable they can be.
Everybody in the market are all essentially dumb fuck gamblers. But the person with timing...is rewarded.

Are you new or something? This is common sense, or options 101.
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There is no advantage to daytrading in vol. I'd argue it's inferior to futures. My guess is that the guy 1) doesn't really trade after a recent blow-out and is railbirding out of boredom or 2), trades a small cash account bc of a 450 FICO.
 
BlueWaterSailor said:
A bit simpler than that, actually. :) Consider being short and CTM: if the underlying closes a penny ITM, you're going to get assigned a position - say, $45k worth of SPY. If OTM, then you get to keep all of your premium. Do you suppose it might be worth paying, oh, a nickel to get out a couple of minutes before expiration to avoid that?

Also: if I'm, say, a market maker on the other side of your trade, and I get some news after the cash close that tells me the stock (which closed a few cents OTM) is going to drop like a rock on Monday morning, do you think I might exercise my long against you and let you take that loss instead of me? Maybe, just maybe... :)

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LOL... it's always the little things that get you. Thanks for the explanation because I was stumped.
 
destriero said:
There is no advantage to daytrading in vol. I'd argue it's inferior to futures. My guess
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Congratulations on your 2% day, destriero.

I need more than 2.
We've gone through this already...options can deliver more, can be more explosive, if someone has ideal timing.

I seek money. I seek volatility and range. And only weekly options can provide that.
Assuming, the trader can nail those ideal buy and sell spots on the S&P chart daily to capture that one obvious, major, move.

Doing this day in, day out, everyday....will make a small account blossom into something massive.
Transform a ripple into a tidal, rogue, wave.
 
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