Wow, it’s been an amazing couple of weeks! The Karen the Supertrader improved strategy is doing well during this correction. I’m up a measly 70.33% for the week. I’m holding 163 naked positions in /ES. Merry Christmas and Happy Trading!
Semi Crash is Great for Naked Options Seller - Net Liq Up 70.33% this week
- Thread starter Sweet Bobby
- Start date
He didn’t say he bought puts. Or if he bought them, it could be a part of selling strategy, hedging, leftover from sold spreads, legging-in, legging-out, etc.
I am an option seller and this is my strategy. Just buying puts is for dorks!
Why is buying puts for dorks? I bought a OTM PUT which appreciated about 300%.
How much is 163 naked ES positions in margin?
> 500k?
Somehow is doesn't make sense why expanding volatility and a semi crash market would be good for option sellers, aren't most sellers delta neutral,slightly negative deltas ?
Seems like negative deltas are eliminated after one major down day, forget about a major down week.
Jesus H. Christ dude, GTFO now!
If I was that high in profit I'd be so GTFO NOW considering this market's recent price action, I would BANK THAT SHIT.
GET THE FUCK OUT NOW! What is wrong with you? Stop gloating and TAKE YOUR PROFITS NOW NOW NOW!
Up 70% and still holding on. I am in disbelief. TAKE THE PROFITS FOR BLOODY SAKE!
Do that 1,000 times in a row and report back.