The Beauty of Options - Portfolio Insurance at a Discount

[destriero]

Did SPX drop this week? You are a clueless hack, and I can't believe these people bow to your nonsense. I am above you, dude! Kiss my feet and jump off the roof.

You're really fifty years old?!?!

You're sitting on $36,000 lifetime? What are you living on, dumpster dives?

 

[destriero]

View attachment 231902

Look at the difference in prem on the DITM put spread vs. the DOTM put spread above. What good is shorting a vol-line in puts when you're forced to pay 3-5 handles more in buying the 1850 wing?

Also, the DITM bear spread (2450/2500) is simply not going to quote when the mkt drops. You're going to have to quote the iron and invert to know where to quote the natural. ES vol doesn't quote the DITM spreads as they trade to D1.

Sorry Man, not shittin' on you, but you should know this. You were just paid three days worth of theta so put it to good use by fixing some positions.

lol the only thing Methuselah did this week was cover what I told him to cover.

 

[taowave]

Let me get this straight...

You broke even this week....

Des handed you 25 percent of your entire one year P and L..

And hes the hack??

Did SPX drop this week? You are a clueless hack, and I can't believe these people bow to your nonsense. I am above you, dude! Kiss my feet and jump off the roof.

Did SPX drop this week? You are a clueless hack, and I can't believe these people bow to your nonsense. I am above you, dude! Kiss my feet and jump off the roof.

 

[destriero]

Let me get this straight...

You broke even this week....

Des handed you 25 percent of your entire one year P and L..

And hes the hack??

I am still blown away about his claim that he's only 50. Is he drinking Sterno?

 

[ironchef]

Chef,one thing you left out regarding Des is hes a really good trader...

He understands risk reward,and typically puts himself in a position where he can make alot more that he loses(jump right in Des)..

"Guy like you" dont fund guys like Des...Its not like the condor market is 2 bid at 3.50 and you are smacking bids...

IMHO,when Des is right he knocks the cover off the ball..You arent doing that selling puts..Max Ansbacher has been doing that for 30 years and probably returns 12% per year


Learn verticals inside and out.....Its a good place to start

I know he is a good trader. I am a gambler.

Thank you for the verticals comment. I have been studying them for a long time but no cigar yet. I will get there eventually.

As for Sweet Bobby, I don't think you folks gave him enough credit. Just by starting this thread is a great tribute. Lot's of great things came out of it, for the rest of us.

 

[taowave]

Bobby is great,hes very generous/shared a ton,but he begs for a good old fashion ass whuppin..

I know he is a good trader. I am a gambler.

Thank you for the verticals comment. I have been studying them for a long time but no cigar yet. I will get there eventually.

As for Sweet Bobby, I don't think you folks gave him enough credit. Just by starting this thread is a great tribute. Lot's of great things came out of it, for the rest of us.

 

[destriero]

TL;DR?

1) Bobby covered the spread I recommended he close. Earning him $1,500. He is otherwise down on the week.

2) He's worth $36K.

3) I spent that exact amount on my night-vision gear. I am teaching a intermediate-cal rifle NV-class and my kids asked me to get some gear for nighttime airsofting.

IOW, I spent Bobby's entire NW on some NV-gear.

Lay off the Sterno.

 

[destriero]

I know he is a good trader. I am a gambler.

Thank you for the verticals comment. I have been studying them for a long time but no cigar yet. I will get there eventually.

As for Sweet Bobby, I don't think you folks gave him enough credit. Just by starting this thread is a great tribute. Lot's of great things came out of it, for the rest of us.

Credit for what, exactly? The dude is UNCH on the year and only showing a profit bc of my $1K donation to the poors.

 

[Sweet Bobby]

Credit for what, exactly? The dude is UNCH on the year and only showing a profit bc of my $1K donation to the poors.

At least my kids don't fall off the roof like your dumbass inbreds.

 

[Sweet Bobby]

Bobby is great,hes very generous/shared a ton,but he begs for a good old fashion ass whuppin..

I'll meet you in the Piggly Wiggly parking lot, cluster fuck!