So who's still beating it with butterflies/condors?

[I-Deviant]

P.S. Out of curiosity, where did I state I did not have a college degree? Thanks.

Case in point. Keep it up, it gets better.

 

[agev]

Quote from I, Deviant:

LOL don\'t start with me. But if you insist, I\'ll make you look as stupid as you want to.

I do other things besides trading, and make plenty of money, mainly in mortgages. Business is still very good in the non sub-prime sector. lol

Now\'s your chance to let it go.

Just scanned some of your old posts, and I am not sure if you even have average-level IQ.

You're quite intellectually beneath me.

Stick to topics you can handle like weight loss threads in chit chat forums or whatever retarded stuff you're interested in. Thanks.

 

[I-Deviant]

Quote from agev:

Just scanned some of your old posts, and I am not sure if you even have average-level IQ.

You're quite intellectually beneath me.

Stick to topics you can handle like weight loss threads in chit chat forums or whatever retarded stuff you're interested in. Thanks.

That's all you have to say?

Go ahead let's talk about Hawking or something, Mr. Intellect.

It's just funny to me that you are talking shit about Atticus, and anyone here who knows him sees how ignorant and wrong you are in your dumbassed assumptions. Your powers of deduction (if you want to even glorify them with that title) are comical. And laughably wrong, to boot.

 

[Wayne Gibbous]

Quote from atticus:

Pic of agev below. Prepare for scorched corneas. His angst is certainly understandable:

He must workout. How much Premarin exactly?

Damir S?

 

[I-Deviant]

Quote from agev:

Searching on Google for pics is a sign of witless desperation.

At least you excel in failure in comebacks.

Now you wish you never responded so you wouldn't had been slapped around.

Yet you cruise ET to find my previous posts to use against me and still somehow manage to make your arguments irrelevant.

 

[atticus]

Quote from agev:

There are really two kinds of traders who seek profit from premium of the flies, and here are some scenarios:

A.) The butterfly position trader. You're either confident, lazy, or stubborn... it doesn't matter because you behave the same - you basically put it on and just hope that everything works out by expiration regardless of what happens in between. If the market has beaten your fly up brutally for the first three weeks and then rallies on the last two days of expo to bring you back to profit, would you consider you great trader who knew what you were doing all along? If you're an Elitetrader, of course.

But something suggests you never really had a strong opinion of the directions of the markets, so you're full of it. If you did, you wouldn't had the fly on in the first place. You took a neutral stance, and that's why you put on the fly on the first place! You didn't want to pick sides. But you only chose to pick sides when the market remarkably worked against you once your fly got beaten up and you were stubborn to repair it.

B.) Then there's the disciplined of juicer who hedges often to does not let things get out of proportion. These are "day trading" fliers. Okay, you hedge at every set points whenever the underlying moves. It was easier before because you only had to manage a turtle, but now you're occasionally forced to deal with a rabbit on crack. Up 5. Down 8. Up 3. Down 10. Up 7. Down 30. You sure you're drinking enough juice to cover that violent sprint marathon and frequent hedging costs?

Think about it.

You assume the majority are trading neutral flies as a rollover-strategy and praying it works. I am sure a lot of people on this board do that. I imagine you did it in the past and got burned.

In my experience, there are two types of fly-traders. One is making a vol-bet and trades it neutral. Anticipating a drop or a short-mark in synthetic time or an extension if short the fly. Neither hedges as it's a position-trade and not a monthly rollover methodology. They choose a fly to isolate v&g through defined risk and perhaps the gamma flip if they're wrong on vol and have written it off as a lotto ticket.

The second type trades direction and leans on vol. They will trade deltas in line with spot-equivalent and calc gains from strips and a touch of neutrality. The buy index flies when leaning bullish and sell flies or go long garbage bear calendars when bearish.

It's moronic to state that you wouldn't trade the position "if you had a strong opinion of the (sic) directions of the markets". It's a simply delta calc. Most trade direction and speed. Sure, you may flip deltas, but you'll earn more [=D] if correct on direction and magnitude.

No position should be treated as a system. Rolling a monthly fly to the neutral-strike, or any position, isn't trading at all.

 

[cabletrader]

Quote from forex-forex:
Well get to the point then. Your posts are long-winded and no one as requested any info from you about your trades.

Quote from agev:

Do you miss everything when you trade in the markets as well?

Your responses to me aren't even insulting even though I know you're trying to be offensive. I just find them incredibly entertaining because I keep on showing things right in your face, and you keep on asking, "WHERE IS IT???" I'm just amused by how one can be so lost.

Look harder. It's right in your face.

You have a propensity to just miss everything. You've already demonstrated it twice. But please do attempt with greater effort next time because this would be your third try.

lol, I wouldn't pay too much attention to forex-forex, he did the same thing in another thread! I couldn't work out whether he's just challenged or whether he's a troll!

 

[atticus]

Quote from atticus:

GOOG Jan 600/650/700 at $23.80. Good for 8-10 in a week.

$32 last. Holding to expiration.

 

[nlslax]

Quote from empee:

so the juice isn't worth the squeeze?

Priceless...