The Beauty of Options - Portfolio Insurance at a Discount

bobby did u make a ton today. Your hedges for a grind up market are working! I'm in the process of funding a new account that will trade based on your principles. You are a true inspiration
 
FMZ said:
bobby did u make a ton today. Your hedges for a grind up market are working! I'm in the process of funding a new account that will trade based on your principles. You are a true inspiration
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upload_2020-7-10_20-4-10.jpeg
; she will always be a G ...
Saw her multiple times at our 9/11 charity day
 
Let's play a game. This particular portfolio was opened on April 8, 2020. So, we've been operating for 94 days. The average daily theta is NEGATIVE $150.33. I'm kind of nerdy, and I track my greeks daily.

If you were to multiply 94 days by $150.33, the total would be $14,131.02 in NEGATIVE theta. Here's the question. Has the portfolio suffered anywhere near a $14,131.02 drawdown?

I can't wait for the "scholars" to weigh in!!!!!!! LOL!!!! Y'all have a great weekend!
 
Sweet Bobby said:
Let's play a game. This particular portfolio was opened on April 8, 2020. So, we've been operating for 94 days. The average daily theta is $150.33. I'm kind of nerdy, and I track my greeks daily.

If you were to multiply 94 days by $150.33, the total would be $14,131.02 in NEGATIVE theta. Here's the question. Has the portfolio suffered anywhere near a $14,131.02 drawdown?

I can't wait for the "scholars" to weigh in!!!!!!! LOL!!!! Y'all have a great weekend!
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Counter-question. Since you started your portfolio on April 6 2020, how much money have you made on it, period?

Like, what is your delta from open until now?

See? I know greeks! Delta = change. So are you delta + or delta - in your entire portfolio as of right now, unrealized?
 
Overnight said:
Counter-question. Since you started your portfolio on April 6 2020, how much money have you made on it, period?

Like, what is your delta from open until now?

See? I know greeks! Delta = change. So are you delta + or delta - in your entire portfolio as of right now, unrealized?
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Whose avg theta? So he should be carrying $150 in daily theta? BC why? Dude is microcephalic. Ask him if his "fund" is up 16% since April 6th.
 
destriero said:
Whose avg theta? So he should be carrying $150 in daily theta? BC why? Dude is microcephalic. Ask him if his "fund" is up 16% since April 6th.
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I have no idea about theta. I thought I would get a brownie point for knowing that Δ means change. I failed greek 101? :-(
 
destriero said:
He is arbitrarily throwing numbers out there. He's comically stupid.
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I guess we won't get the answer until Monday, since he signed-off with a "Have a great weekend" salutation.

If he were clever, he would have signed off with "Have a greek weekend!"

But that's just me.
 
Sweet Bobby said:
Yes, for the total price of the longs. No, I would not try to sell the shorts for $2.25. I would go out to the next farthest out expiration and try to sell the shorts at $3.00 or better.

So if my longs fill in the middle of the night and there is a big move down, that's awesome because I can now collect more premium on the shorts that I sell. If price moves up big, it's not ideal, but I will still sell $3 puts in the morning. Once I sell the $3 shorts, I will put in a GTC order to buy puts 50 points below in the same expiration for $1.35.
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I've been playing around with the strategy a bit and while doing so had one more questions come up that wasn't quite obvious to me.

I'm finding this confusing. If you are selling at the next farthest out expiration at 3.00, you wouldn't be getting any more premium (but just have them further OTM). Or are you looking for some specific strike price where you would sell these new puts, in which case you'd end up with more premium?
 
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