Study Guide for Dest's Journal

mayura said:
There are many Twitter threads discussing about this skew lock. As you can see it involves 3 distinct expires. Expires, number of legs and quantities are all hidden. I beleive all expires are long dated like 6 months+. @destriero how easily you can open and close positions? Did you face liquidity issue anytime? https://x.com/deus_trader/status/1607090216472563712?s=20
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The swan guy/deus guy is a factory worker who tells ppl he's on a desk.

Anyway, he used to DM me stresses and shift vol up 800-1000 beeps to make it appear viable. He has no idea what he's doing. I was blocked.

I've never traded one longer than 30-days to exp. No issues trading these to 1,000 lots index and no cap-constraints that I can envision.
 
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A buddy of mine has traded these to (nearly) 3K lots index.
 

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destriero said:
The swan guy/deus guy is a factory worker who tells ppl he's on a desk.

Anyway, he used to DM me stresses and shift vol up 800-1000 beeps to make it appear viable. He has no idea what he's doing. I was blocked.

I've never traded one longer than 30-days to exp. No issues trading these to 1,000 lots index and no cap-constraints that I can envision.
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volswan/deus isn't close on the structure. He opened a Discord for skew locks and had hundreds of subs but not the structure.
 
destriero said:
The swan guy/deus guy is a factory worker who tells ppl he's on a desk.

Anyway, he used to DM me stresses and shift vol up 800-1000 beeps to make it appear viable. He has no idea what he's doing. I was blocked.

I've never traded one longer than 30-days to exp. No issues trading these to 1,000 lots index and no cap-constraints that I can envision.
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@destriero skew lock is all options or does it involve stocks/futures? Also, if you reveal how many legs are in the position it would be helpful. Thanks.
 
Kevin Schmit said:
He's laid it all out for you, in astonishingly clear detail.

Try taking it one sentence or phrase at a time. Understand that phrase fully -- google the terms or ask someone via pm (you must know at least one person here with some options knowledge!), then move on to the next phrase.

Start with this:

"Puts are the revenue-side of the risk-reversal as singles,
but call spreads are the revenue-side when trading verts"

Combined with this:

"the fly RR needs to be over 2"





Take the AJacobson post above to heart, it is 100% accurate. And Dest has just handed you, in the One Offs thread, the path to a large chunk of those available opportunities, especially if you take what he writes broadly.
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I don’t post much here, hit my up on TG, my friend.
 
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