skew locks

destriero · Dec 15, 2022

trend2009 said:
Which option is this?

US equity index.

trend2009 · Dec 15, 2022

destriero said:
US equity index.

Could you show the trade, butterfly or something else?

destriero · Dec 15, 2022

trend2009 said:
How to join in your group?

it's a closed group for now.

newwurldmn · Dec 15, 2022

Mods deleted all the stuff with M.W.?

destriero · Dec 15, 2022

newwurldmn said:
Mods deleted all the stuff with M.W.?

No, you’re thinking of the tradestation thread.

destriero · Dec 15, 2022

spy said:
There's a background check and a short form application you have to fill out.

Must supply collateral (nudes). I may open it to a few ppl in Q1.

spy · Dec 15, 2022

destriero said:
Must supply collateral (nudes). I may open it to a few ppl in Q1.

I was about to post mine but on second thought figured it'd be wiser to just use dropbox.

ET180 · Dec 15, 2022

I will not answer questions about structure or timing. I know, it's lame, but so be it.

Is it too much to ask for a basic definition of a skew lock? What is the purpose / strategy of a skew lock? What does it exploit to generate a profit?

Yeh, I tried to google it.

destriero · Dec 16, 2022

Eifert's Twitter thread is a solid explanation.

destriero · Dec 16, 2022

One of the guys traded an SPX SL into CPI (we all did) and it was an ~40 lot for $8K in buying power. I had it on (covered on CPI) but added from 80-110 lots and it stopped requiring BP after 100 or so.