“ Options Trader Spends $9 Million Betting on September Volatility Spike”

Found it....

So basically 1 trading day and they doubled their $9 million dollar bet.

Yep.

And funny thing is Friday markets closed up as if there was not a worry in the world as dow made another record high....



 
September is always a bad month, but still quite the bet. Wonder if it was only a small portion of their portfolio or did they really take a huge risk. Either way, great to see it pay off like that
 
2rosy said:
you're forgetting the all important bid/ask spread. I was trying to get out of a 1x2 qqq position not entirely successful
More...
Are you a fellow retail?

After many trades, I found bid/ask spreads ate most of my butterflies' profits. Whatever "edge" I have barely covers the overhead.

What is a retail to do?
 
ironchef said:
Are you a fellow retail?

After many trades, I found bid/ask spreads ate most of my butterflies' profits. Whatever "edge" I have barely covers the overhead.

What is a retail to do?
More...
no. not even in the trader camp. will do a tactical trade rarely. just buy monopolies and indexes passive aggressively
 
2rosy said:
no. not even in the trader camp. will do a tactical trade rarely. just buy monopolies and indexes passive aggressively
More...
So, what are you doing in an elite trader's social media website?

OK you play monopolies, I have nothing to monopolize, so resort to buying single leg option lottery tickets.
 
ironchef said:
So, what are you doing in an elite trader's social media website?

OK you play monopolies, I have nothing to monopolize, so resort to buying single leg option lottery tickets.
More...
there are a few people here with insight and experience. I don't play monopolies; I own them +12 months. If retail had any advantage I'd be the first to exploit it.
 
You must log in or register to reply here.
Back
Top