Quote from nitro:
Huh?
I don't make bets that are 5 delta, unless I happen to live in that particular parallel universe.
Quote from Daal:
If you really think that, its virtually risk free. contract will expire at 99.87 ish, risk/reward is huge. Of course I happen you think the chances are lower than 1%, probably significantly lower
Quote from nitro:
Out L ES @1039.75, -39.75.
The options positions easily covered this loss, but some of my gains in the BWB eroded due to skew. The real loss was opportinity loss.
I am now leaning short, but I do not particularly like the BWB strikes here. I will roll this to different strikes as I get a feel for market action in the next two days.