thanks destriero

Real Money said:
I finally figured out what Des has been trying to teach us. This guy is a genius. I said something that made him block/ignore my ET username so I will just have to quote him indirectly. If you guys could comment and thank him for me I would appreciate it.

(this is what I think it means)

Use the VIX basis spread and VIX vol (and vol forward spreads).
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What did you say to offend him ?


Usually calling him on his bull$hit gets you rewarded
 
Millionaire said:
You said he deleted some posts with bad calls, but you kept the screenshots, does he gets the mods to delete his bad calls after the 1hour editing window?

I remember he once made a bad short call and then the mods very conveniently closed the thread.
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I've never had a post deleted, nor have I deleted a call within the hour edit window. Proof to the contrary will result in $10K to you. Link us to pics.
 
Millionaire said:
Wasnt me who said that, it think it was volente_00, he said on the other thread that that you deleted your posts containing calls, but he kept screenshots.
I think he posted one of those screenshots in this thread above.

https://www.elitetrader.com/et/thre...-500k-on-the-week.346151/page-14#post-5182227
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You're a f*cking idiot. That's HIS pic from his prepaid burner phone (post #6 on this thread).

Here's the thread. Post 225. One of my best weeks of the year.

https://www.elitetrader.com/et/thre...up-tickers-structuring-and-pnl.344834/page-23
 
@destriero (and aliases) is one reason I've stuck around ET for years.
I've learned, or perhaps better phraseology is expanded my knowledge because of him. And I trade options for hobby only. The guy has a certain heyday EF Hutton-like quality for options strats that fools don't and wouldn't understand.

Thanks dest!!

 
Real Money said:
I finally figured out what Des has been trying to teach us. This guy is a genius. I said something that made him block/ignore my ET username so I will just have to quote him indirectly. If you guys could comment and thank him for me I would appreciate it.

(this is what I think it means)

Use the VIX basis spread and VIX vol (and vol forward spreads).
More...


Primarily referring to using your theta position as a risk measure as I stated earlier. I don't use VIX other than trading synthetics (synthetic longs (same strike) and bull risk-reversals)) on it in my IRA (long call, short secured put).

Accounting for delta pos; you begin to reduce exposure when your (long or short) exposure earns 2X(comes in by half) your daily theta position. Risk to vol as expressed by moneyness or change to theta. So say you're long $5K theta per mil (aggressive) and your theta (adjusted) is marked to $2500. It's time to start reducing your position.
 
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