Insane binary options trade ?

[RGLD]

Probably not, but I have not ever given her a fair listen. I'm still in prog-rock mode, of a sort. But I hear so much stuff, and enjoy it all equally.

Welp I like old school Metallica. Helps me trade better when I can't hear my limit orders being filled over ride the lightning...

 

[Overnight]

Welp I like old school Metallica. Helps me trade better when I can't hear my limit orders being filled over ride the lightning...

Just Call Cthulu to you, and you'll be right as rain!

Here's something you might have never seen. I love this bit when they grab the guitar. Amazing.

 

[BlueWaterSailor]

That was hypothetical. Obviously, I can just take 100 contracts for 100*100 for 10k at the end of the year. I did get the math wrong earlier, I meant 100 contracts. +/- 10k at the end of the year is more than enough for me.

Also I'm only doing this in January because I'm just betting the year 2022 will close positive. If I place the bet now it makes no sense, I don't know where the SPY is going to be on Dec 31st.

So now you have two assumptions in your thesis: 1) that at the end of a year-long tenor, SPY will be higher than at the start, and 2) that starting that tenor at the end of the year will provide some additional edge. I'll agree that #1 makes sense based on past history - but can't see any reason at all for assuming #2.

But my point about having to lift the offer still holds; the volume at those strikes is generally in the single digits. You'd be risking more than 50% of the spread width one way or another.

 

[BlueWaterSailor]

A man a plan a canal Panama. If you get that one figured out without Googling it, you are on your way. Right @BlueWaterSailor ;-)

I prefer "Dr Awkward & Olson in Oslo" by Lawrence Levine, myself. I spent a few years at anchor in St. Augustine, and he hails from there, so... yay, home team.

 

[Overnight]

I prefer "Dr Awkward & Olson in Oslo" by Lawrence Levine, myself. I spent a few years at anchor in St. Augustine, and he hails from there, so... yay, home team.

Hey, you can't pull out the double palindrome trick without forewarning! Cheater! :-/

 

[BlueWaterSailor]

I can't look at current price. I can only imagine it from his hypothetical, which is SPY at 430.00 on January 2, 2022.

Oh, bull pucky. You're just being lazy. Cut it out.

 

[Overnight]

Oh, bull pucky. You're just being lazy. Cut it out.

View attachment 269013

Dude, are you seriously telling me that you think that on January 2nd 2022, the SPY is going to be at 430? Are you high man?

 

[BlueWaterSailor]

Hey, you can't pull out the double palindrome trick without forewarning! Cheater! :-/

All right, all right... here, have some notes from a padre in his confessional:

"Dennis, Nell, Edna, Leon, Nedra, Anita, Rolf, Nora, Alice, Carol, Leo, Jane, Reed, Dena, Dale, Basil, Rae, Penny, Lana, Dave, Denny, Lena, Ida, Bernadette, Ben, Ray, Lila, Nina, Jo, Ira, Mara, Sara, Mario, Jan, Ina, Lily, Arne, Bette, Dan, Reba, Diane, Lynn, Ed, Eva, Dana, Lynne, Pearl, Isabel, Ada, Ned, Dee, Rena, Joel, Lora, Cecil, Aaron, Flora, Tina, Arden, Noel, and Ellen sinned."

 

[Overnight]

All right, all right... here, have some notes from a padre in his confessional:

"Dennis, Nell, Edna, Leon, Nedra, Anita, Rolf, Nora, Alice, Carol, Leo, Jane, Reed, Dena, Dale, Basil, Rae, Penny, Lana, Dave, Denny, Lena, Ida, Bernadette, Ben, Ray, Lila, Nina, Jo, Ira, Mara, Sara, Mario, Jan, Ina, Lily, Arne, Bette, Dan, Reba, Diane, Lynn, Ed, Eva, Dana, Lynne, Pearl, Isabel, Ada, Ned, Dee, Rena, Joel, Lora, Cecil, Aaron, Flora, Tina, Arden, Noel, and Ellen sinned."

Nice palindrome there. I now know you are pissed off at me when you come up with shit like that, lol!

 

[BlueWaterSailor]

Dude, are you seriously telling me that you think that on January 2nd 2022, the SPY is going to be at 430? Are you high man?

No, I'm telling you what ATM, ITM, and OTM refer to. It has nothing to do with where you "think" it's going to be.