The Beauty of Options - Portfolio Insurance at a Discount

[destriero]

His Calender analysis was good,but I don't see any mention of Fake theta

Tao, he’s got a moratorium. No thetaz next week. None.

 

[guru]

derman delta/sticky delta and strike

Never heard of it and looking it up. How do you even know all this right off the bat?!

 

[Sweet Bobby]

You need to keep your cool to not start new fights and deteriorate your own thread.
I actually also didn’t understand the structure of your accounts/portfolios and what was your overall P&L this year.
I do assume that your DOTM options/hedging is a major part of your strategy that is very cost effective and can produce outsized returns across everything you trade. While I think many people are more interested in how your P&L looks like while the market isn’t crashing. Because if we won’t have another crash for the next few years, then what?

In normal markets, I am a put selling machine. I also temper my naked puts with condors, butterflies, put credit spreads and pretty much anything that does NOT involve calls. I am not a fan of calls.

I refuse to keep my cool with idios like that tao guy or whatever his name was. He is a mini Dest follower, and he only seeks to tear me down. To better keep my cool, I will just start blocking those who follow the lead of him and Dest. That should keep me much more on focus.

Let me throw everyone a little jewel. If I see a down move in the market of 0.4% or more, I start placing income trades (short puts, condors, long butterflies, etc.). I'm not one to say that I'm going to do this many trades per month or per week. Although I attempt to anticipate market conditions and prepare my portfolio accordingly, I also am reactive to the pitch I see coming over the plate.

And, because I like to be engaged at all times, the black swan fund doesn't provide the daily excitement. So, I do intraday trading on another account. Long live Sweet Bobby and other common-man traders trying to keep their families clothed, housed, and fed.

 

[Sweet Bobby]

Never heard of it and looking it up. How do you even know all this right off the bat?!

Are you talking to me or one of the obliterated detractors?

 

[taowave]

Can we apply for the exemption as well??

Tao, he’s got a moratorium. No thetaz next week. None.

 

[destriero]

Can we apply for the exemption as well??

lol plz. Only when you get to level 42 Boss.

 

[taowave]

http://www.math.columbia.edu/~smirnov/Derman.pdf

Never heard of it and looking it up. How do you even know all this right off the bat?!

 

[Sweet Bobby]

How does Daddy do it? All rise, and behold the beauty of this simple strategy.

 

[Sweet Bobby]

The secret sauce.

 

[Sweet Bobby]

If you have not developed a spreadsheet or an app to make automate your decisions, you are really missing out! You don't think I just put this together in a weekend now, did you?