The Beauty of Options - Portfolio Insurance at a Discount

Guys,before thinking Bobby has a clue,read what he wrote.Hopefully,I can enlighten him and lead him from the path of ignorance..

Here we go..

First off,you clearly dont know the difference between a long calendar and a short calendar..For some bizzare reason,you can't comprehend/visualize selling the spread

Secondly,I said you have a backspread and a calendar.Clearly above your option IQ.if you have a 1 x2 backspread on,and you roll the short out in time,what do you now have??? Yes,Bobby's secret sauce.. Of course you would have to know what Selling a Calendar meant..So Einstein,write down on a paper the legs of a simple backspread,then sell the calendar(close your shorts numnuts).Anyone following Sweetness should do the same,or be creative and break it down using other spreads..


If I had any clue that you were a total amateur,I would have broken the position down to a ratio diag,but I naively assumed the self proclaimed greatest trader could break down his own position..

Why don't you wire the money Dest gave you and I'll teach you how to break down your position so any idiot could get it..

Or we could make a nice friendly wager and spare me the agsony of teaching you

I
Sweet Bobby said:
A calendar, by definition, has a short short option in an expiration that is shorter than the long option, and both options are at the SAME STRIKE! Let me spell it out for you, ass wipe! My STRIKES ARE NOT THE SAME YOU DAMN IDIOT!!!!!!!!!!! It's not a fucking calendar!!!!!!!!

Go to investopedia and do a little self learning, pig gut!

https://www.investopedia.com/terms/c/calendarspread.asp
More...
 
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Riddle me this Sweet Dumb Bobby

You have the. Sep 100 -90. 1x2 backspread on

You sell the Sept Oct 100 calendar..

Whatcha got now???

Look familiar...

It should..its your strategy..

You are welcome
 
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Sweet Bobby said:
A calendar, by definition, has a short short option in an expiration that is shorter than the long option, and both options are at the SAME STRIKE! Let me spell it out for you, ass wipe! My STRIKES ARE NOT THE SAME YOU DAMN IDIOT!!!!!!!!!!! It's not a fucking calendar!!!!!!!!

Go to investopedia and do a little self learning, pig gut!

https://www.investopedia.com/terms/c/calendarspread.asp
More...

lol a short calendar is short the back, long the front. It’s still a calendar. When you buy a calendar... what do you call the spread your counter-party is holding?

What happens to a calendar when you diagonalize?

Oh and Bro, you can’t escape theta.

So how late were you up last night? Sobered up yet?
 
VolSkewTrader said:
So you're always short put calendars (long front, short back), then eventually buy back your short long-term puts at a lower price, while simultaneously establishing a new short position further out on the term structure. In short you're scalping your back end to finance your permanently long front end puts.

You must lose money though when your front end decay exceeds your back end scalps, and you can lose big rolling your calendars when the term structure is steep (front month IVs far exceed back month IVs) like it was in March and April of this year, and leave a lot of money on the table if you aren't actively scalping your gamma to cover your big decay bill. Were you selling out your short-term longs during those big March and April moves? Your short calendars must have been winners during those big down moves, but not so great when we're range bound and the term structure (calendar IV differential) is flatttening out.
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At this point this whole thread could have been closed down (Page 4 of fucking 37)
 
Sweet Bobby said:
Poopy, you are still an idiot. You can't even calculate the profit on my trades correctly. I had zero theta decay in the portfolio this week. You said I made $1,500 on the condor. Not at all. My net profit was under $400.

Listen, I get it. You trade your family money. Good for you. I'm sure they forgive you for losing a lot of their money. Maybe you will still have some left over to inherit. I doubt you've ever contributed anything towards your own net worth.

It's still clear that you have no concept of theta. It's not coming out of my account man! Wanna wager as to how much theta loss I have during the upcoming week? My current theta is -289.15!!!!!!! There will be NO theta decay in the coming week!
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Booby, plz asplain how you had “zero theta” for the week and will have zero theta for the following week. Plz use relativistic analogies—you know what I mean. You’re a PhD!

Your friend,
Dest
 
taowave said:
Guys,before thinking Bobby has a clue,read what he wrote.Hopefully,I can enlighten him and lead him from the path of ignorance..

Here we go..

First off,you clearly dont know the difference between a long calendar and a short calendar..For some bizzare reason,you can't comprehend/visualize selling the spread

Secondly,I said you have a backspread and a calendar.Clearly above your option IQ.if you have a 1 x2 backspread on,and you roll the short out in time,what do you now have??? Yes,Bobby's secret sauce.. Of course you would have to know what Selling a Calendar meant..So Einstein,write down on a paper the legs of a simple backspread,then sell the calendar(close your shorts numnuts).Anyone following Sweetness should do the same,or be creative and break it down using other spreads..


If I had any clue that you were a total amateur,I would have broken the position down to a ratio diag,but I naively assumed the self proclaimed greatest trader could break down his own position..

Why don't you wire the money Dest gave you and I'll teach you how to break down your position so any idiot could get it..

Or we could make a nice friendly wager and spare me the agsony of teaching you

I
More...
Strictly speaking he had diagonals, not calendars.
 
You can break it down in many ways/combos..

Sure,he had a ratio diagnol....

Now break down a diagnol for me so you intuitively understand what it is..

What are you long,what are you short?

Why choose a diagnol?



ironchef said:
Strictly speaking he had diagonals, not calendars.
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Listen Darling,

I don't roll anything you mf idiot!!! I know the difference between a long and short calendar. You need a good old country boy ass whooping!


taowave said:
Guys,before thinking Bobby has a clue,read what he wrote.Hopefully,I can enlighten him and lead him from the path of ignorance..

Here we go..

First off,you clearly dont know the difference between a long calendar and a short calendar..For some bizzare reason,you can't comprehend/visualize selling the spread

Secondly,I said you have a backspread and a calendar.Clearly above your option IQ.if you have a 1 x2 backspread on,and you roll the short out in time,what do you now have??? Yes,Bobby's secret sauce.. Of course you would have to know what Selling a Calendar meant..So Einstein,write down on a paper the legs of a simple backspread,then sell the calendar(close your shorts numnuts).Anyone following Sweetness should do the same,or be creative and break it down using other spreads..


If I had any clue that you were a total amateur,I would have broken the position down to a ratio diag,but I naively assumed the self proclaimed greatest trader could break down his own position..

Why don't you wire the money Dest gave you and I'll teach you how to break down your position so any idiot could get it..

Or we could make a nice friendly wager and spare me the agsony of teaching you

I
More...
 
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