Negative Theta Options over Weekend

Quote from xflat2186:

Funny on your web site you say those strategies or positions above are no good because you have to wait for expiration to make any money. Now in the above post you say you use them.

When you understand options you learn you're either long options and the associated risk or short them with the associated risk. Delta can be adjusted to suit.
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I NEVER said those strategies were no good. You can't dichotomize them into good/no-good. They are just TOOLS. There is no edge to ANY of them. If you look at my book, you will examples of all of above strategies, but that doesn't mean I am employing them at the outset. It comes down to maintaining that one number. I understand options probably better than you think, but I am focusing on the forest (the total position of the book) not the bark of the trees.
 
Quote from xflat2186:

It should be noted that beatingtheSP is not consistent in his claims. Sometimes he says he's up 35% over that period and other times he says his index is now 35% higher then the SnP. There is a major difference. That’s just one of many inconsistencies in his posts.

It appears as if he changes stories as he learns the correct terms and phrases here and tries to make them fit.
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I don't I have EVER said that I am up over 35% in the period. I have always stated my return compared to the SPX. It's part of my philosophy which guides my trading. Please point out where I said otherwise and I'll make the correction.

I'd like you to point out some of the many inconsistencies, or where I changed my story.
 
Quote from BeatingtheSP500:

I don't I have EVER said that I am up over 35% in the period. I have always stated my return compared to the SPX. It's part of my philosophy which guides my trading. Please point out where I said otherwise and I'll make the correction.

I'd like you to point out some of the many inconsistencies, or where I changed my story.
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" thank you for the time you spent reviewing my site. It's not a call to raise capital, it's really a blog of my PERSONAL hedge fund. If you can show me where in the site I say I want to raise capital I'll gladly change it. Here's how I calculate my performance: On Aug 14 2007 the SP500 was 1426, and I was full cash, so in this "competition" we both started at 1426. I tracked the daily liquidation value of my fund, and the shows the daily close relative to the SP500 from Aug 14, 2007.
As of July 24, 2008 the fund is +32.06% vs the S&P500, which I KNOW is a little above-average.
My goal is to beat the SP500, something that 75% of actively managed mutual funds do not do. And yes the fund is always net long via options on the SPY. "


:confused: :confused: :confused:
 
Quote from xflat2186:

It should be noted that beatingtheSP is not consistent in his claims. Sometimes he says he's up 35% over that period and other times he says his index is now 35% higher then the SnP. There is a major difference. That’s just one of many inconsistencies in his posts.

It appears as if he changes stories as he learns the correct terms and phrases here and tries to make them fit.
More...
if your short premium in this volatility,those swings are normal,larger the size,larger the swings
 
Quote from kinggyppo:

" thank you for the time you spent reviewing my site. It's not a call to raise capital, it's really a blog of my PERSONAL hedge fund. If you can show me where in the site I say I want to raise capital I'll gladly change it. Here's how I calculate my performance: On Aug 14 2007 the SP500 was 1426, and I was full cash, so in this "competition" we both started at 1426. I tracked the daily liquidation value of my fund, and the shows the daily close relative to the SP500 from Aug 14, 2007.
As of July 24, 2008 the fund is +32.06% vs the S&P500, which I KNOW is a little above-average.
My goal is to beat the SP500, something that 75% of actively managed mutual funds do not do. And yes the fund is always net long via options on the SPY. "


:confused: :confused: :confused:
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Which part is causing you confusion?
 
Quote from BeatingtheSP500:

I don't I have EVER said that I am up over 35% in the period. I have always stated my return compared to the SPX. It's part of my philosophy which guides my trading. Please point out where I said otherwise and I'll make the correction.

I'd like you to point out some of the many inconsistencies, or where I changed my story.
More...

Ok now you are confusing me. You said +32% VERSUS the S&P 500.

So if the S&P is up 5% your fund is up 6.6% which is 32% greater?

Or your fund is up 32% versus the S&P500 return of ____% over the same time period.
 
Quote from BeatingtheSP500:

Which part is causing you confusion?
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How much is your porfolio up year to date, saying that you are up 30% when the spx is down just says you weren't dumb enough to buy the top. A fund is not going to be that impressed, they want high alpha and low sharpe ratios plus a track record, congrats on being up though. :)
 
Quote from optioncoach:

Ok now you are confusing me. You said +32% VERSUS the S&P 500.

So if the S&P is up 5% your fund is up 6.6% which is 32% greater?

Or your fund is up 32% versus the S&P500 return of ____% over the same time period.
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IF I were to compare in like units, the SP500 right now is 1275.35. Using THAT measure my book is 1697.11
That's from Aug 14/07 to this moment, just under 1 year.
 
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