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Sweet Bobby

Sweet Bobby

The market is down over 2% today and, as usual, the herd thinks that we premium sellers got crushed. Sweet Bobby is still in business and I'm up $204.00 on the day.

The reports of my demise are greatly exaggerated, as is fear in life and in the markets. How are my fellow options sellers doing? I'm up 11% for the year and conservative projections place me at around 54% for the year.

How does Sweet Bobby do it?
 
Flat for the day -- I have no idea how. It's been a blur since 7pm last night, but having gone from down $2k last night, to revenue-flat right now...... you have to count that a pretty good day.
Risk was supposed to be halved today -- I'm not happy to say that was SO missed -- I had 2630s last night, 2600s this morning, 2590s this afternoon, that had to be addressed. That's the bad news. The *good* news is, THERE WAS A MARKET. (This is not something so easy to say for the last 3 years.) So, I'm heavy-on, on Monday (2645 on top, 2560 on bottom), and with a bump, Wednesday at 2680 on top, 2565 on bottom. Because the portfolio is front-loaded, timewise, it means
1) gamma will be playing hell with me ("Boo-oooo!"), but
2) there is enough vol about that the entire remainder of the calendar is available for escape ("Yayyy-yyyy!").
After beating the S&P AND the NDX for the past 3 (shocking) years*, I am down, for sure, for sure. But with the escapes afforded now, WOW. It's a different world. (*Longer than that, but there is an OPM consideration now -- a slightly different deal.)
 
Sweet Bobby said:
I'm up $204.00 on the day
conservative projections place me at around 54% for the year.

How does Sweet Bobby do it?
More...

I made 100% today, loosely rounded off. or $10,000, loosely rounded off. o_O in my paper trading account.

How does Lawrence Lugar do it?
2018 ET.

I would eat a whole Pecan Pie, topped with a whole can of whip cream...if it weren't so high in saturated fat and sugar.
If you do that everyday, you are eating your way to a heart attack and diabetes really quickly.
 
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Sweet Bobby said:
The market is down over 2% today and, as usual, the herd thinks that we premium sellers got crushed. Sweet Bobby is still in business and I'm up $204.00 on the day.

The reports of my demise are greatly exaggerated, as is fear in life and in the markets. How are my fellow options sellers doing? I'm up 11% for the year and conservative projections place me at around 54% for the year.

How does Sweet Bobby do it?
More...


Since you proclaimed that you blew up and busted out or that you were down even, your subsequent posts have as much reliability as a broken watch with a pile of cow shit dumped on it.
 
I posted this under another thread, but I'm doing fine. Account is down today, but less than 0.25% and I'm around 1.0 leverage. So I'm fully in the market, just not all long S&P correlated stuff (short calls, long gold). The premium sellers who just write low-delta calls in this environment are doing great. I like the VIX around these levels and hope it stays there.
 
El OchoCinco said:
Since you proclaimed that you blew up and busted out or that you were down even, your subsequent posts have as much reliability as a broken watch with a pile of cow shit dumped on it.
More...
That was an excellent experiment in illustrating absurdity by being absurd. You should recognize my genius! But what do I care about your thoughts of me? I have identified an edge in the markets and I am very happy to take advantage of the edge.
 
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