The Beauty of Options - Portfolio Insurance at a Discount

And the only thing that I did was close one of my condors, I bought an additional 10 puts, and I made 4 fat fingered futures trades for a $4 loss. That is all the trades I've had this week.
 
You should be at Dests feet as he boosted your annual earnings by 50%

You ungrateful bastard :)



This goes to prove that you do not fully understand theta for far out of the money puts that are far out in time. Study up, Des! You'll get there one day.
 
That my account is up on the week.

lol you're 70yo and sitting on $36,000 net liq and you want to bet me $20K that you're up $250? And down on the year.

Dude, no idea what you've put since Sunday's open but your DOTM diagonal didn't gain. You're short the condor (long the natural at a credit) in that 5/1. You were sitting on losses on your stress as well.
 
greeks.JPG


And here's the current Greeks. I don't have a VIX position. That's just a working order. You ready to prove that negative theta killed me this week? I'm in the room waiting!
 
lol you're 70yo and sitting on $36,000 net liq and you want to bet me $20K that you're up $250? And down on the year.

Dude, no idea what you've put since Sunday's open but your DOTM diagonal didn't gain. You're short the condor (long the natural at a credit) in that 5/1. You were sitting on losses on your stress as well.
I'll show you every trade made this week. Nothing to hide here. If 20k is too much, we can go down to $5,000. Ready?
 
I'll show you every trade made this week. Nothing to hide here. If 20k is too much, we can go down to $5,000. Ready?

Again, how. much. are. you. up? And how can I vet the starting balance? Show the starting balance here and we'll talk.
 
Currently up $312.50 on the week. Not much, but it's not negative $1,500 as you predicted.

Here are my only trades for the week in this account.

trades for week.JPG


Should be an easy bet for you with all that NEGATIVE theta, huh?
 
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