I sold some OTM SPY puts for 2.10 bucks a pop with 2 days of expiration. way above typical prices. all worthless now but imagine being able to sell these things every 2-3 days for those premiums.
LJM Preservation and Growth Fund, collapsed by 82 percent! (WTF?)
- Thread starter prc117f
- Start date
I sold some OTM SPY puts for 2.10 bucks a pop with 2 days of expiration. way above typical prices. all worthless now but imagine being able to sell these things every 2-3 days for those premiums.
No such thing as free lunch though. If volatility stays elevated, it's also pricing a big move. Could still end up in the money. Do you sell options naked or in a spread?yeah I made about 8K this last few days some premiums were inflated. (I did hedge of course just in case). things are slowly getting back to normal. I do hope we keep VIX over 20s for the next few months.
I did lose some money on a fat finger trade, My first fat finger trade ever and it cost me 600 dollars
May I ask, what was the ATM straddle pricing at around the time OTM 1000 strike was trading around $9. Rough % of stock price is more than sufficient
TIA
PS input from all welcome.
No idea. You can purchase data directly from CME datamine to check this out. It is cheap if you only need few days.
Or just look at similar contracts that are still trading and work backwards on what an expired contract for that week would have roughly been.
Will not work that way, all expectations and models went out of the window that night. No one ever saw anything like this.
What? I know nobody expected the plunge.
I'm talking about trying to figure out past options pricing of an expired contract at a specific point in time without subscribing to the service you suggested with historical pricing data. You can look at options pricing of contracts at strikes that are still trading today, extrapolate back to the time/date of the plunge, and based on the price of those contracts at the time and assuming even higher implied volatility of options for that week's expiration (but of course with lower theta), to then get a rough estimate of what prices were at the time of the plunge for those expired contracts.
The funny thing is I pretty much wound down all my portfolios in Janurary and was p
I always hedge. I like to define my risk level. The problem with companies like LJM is they did not hedge worth shit so they had no defined risk level and were greedy wanting to collect the entire thing. like they say bull and bears make money, pigs get slaughtered.
Is their portfolio public?