skew locks

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Eifert's Twitter thread is a solid explanation.
I used open ai chat gpt to get the answer. I tried google first, did not find a clear answer. Openai is unbelievable. But openai says “when vola of atm is larger than otm, buy higher vola and short lower vola” to lock the skew, I feel the common sense should be to short high vola at atm and buy otm vola. I am wrong?
 
To those of you in my group... no I am not posting terminal payoffs or anything like that, simply the buying power figures and greeks. I will journal my attempt to carry $200K index vega with $200K in buying power under PM/TIMS or SPAN.

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

Feels like advertisement @Baron
Make this shepherd pay his due.

“At those in my group”
As if you couldn’t contact them directly within the said group. Starting a public thread, on a public forum, with that sentence is blatant advertising.

@destriero should be labeled as a marketer or affiliated person like any other BS vendors on this website.
 
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Feels like advertisement @Baron
Make this shepherd pay his due.

“At those in my group”
As if you couldn’t contact them directly within the said group. Starting a public thread, on a public forum, with that sentence is blatant advertising.

@destriero should be labeled as a marketer or affiliated person like any other BS vendors on this website.

Not only this, but he had me send compromising nude photos of myself as part of an "application process" to join this so-called group. I've been very badly traumatized!
 
Feels like advertisement @Baron
Make this shepherd pay his due.

“At those in my group”
As if you couldn’t contact them directly within the said group. Starting a public thread, on a public forum, with that sentence is blatant advertising.

@destriero should be labeled as a marketer or affiliated person like any other BS vendors on this website.


lol in what way is this an advertisement?

It's a private chat room. I'm not linking to it nor am I accepting new members in the group. Obviously the traders in the group would be pissed if I displayed their positions. Suck less, perhaps?

Fck you, Bro!
 
@fullautotrading posts his website address to his profile page and actively marketed for LPOAs on his journal thread and his profile page. I am posting buying power figures on a vol-arb. I opened the thread with a caveat so that my friends don't get upset that I am somehow distributing IP.
 
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