to destriero (and all others that can help)

Edmond said:
Makes a mil in one day and still wears a cheap ass seiko.
More...

Speaking of watches, I was invited by this Brazilian socialite to a dinner at Annabel's in London. I thought that I would be sitting next to her, but the Brits wanted to mix things up, so they got all the name cards, and shook them around, then rearranged the sitting randomly.

I ended up sitting next to Peter Soros (his uncle is George). After like 30 minutes of chatting, I felt confident in asking him about his watch. I said "what's up with the plastic black Swatch?", and Peter Soros answered: "it tells the time just fine!"...

True Story...
 
Last edited:
YESH!

2021-06-07_13-03-55.png
 
destriero said:
I just pulled this from Google Images.

View attachment 260340
More...

Nah, you should sell it to Getty Images, so other people can claim it for their own, while you rake in profit. ( I believe they pay royalties, yes?) They'd just have to blur your name and date scribbles on the yellow pad in the background, so it is not so obvious they downloaded it from Getty.
 
trend2009 said:
Destriero traded a lot of butterflies, which I think are equivalent to shorting the volatility, since high volatility will take price out of the box which will end up with a loss. please correct me if I am wrong.
More...

If he's short vol., then he doesn't need to delta-hedge unless he's also directional. But then if he's short vol. AND directional then it's not a butterfly. LOL You cannot be all three at the same time, non-directional and short vol. and be butterfly. It just does not make sense.

And the strategy is not very profitable unless you trade huge volume cuz you are basically limiting yourself in movement and the magnitude of it. In order to make $$ in options, you have to be correct in predicting 2 things, 1) the direction of the move and 2) the magnitude of the move. The $$ comes in with the risk on one or both of them. His strategy wants to reduce or eliminate risk in both then his profit is going to be reduced or eliminated as well since in an efficient market, there is no or very little risk-unadjusted returns. And even if you have large trading capital, this strategy is not very capital or cost-efficient and it's certainly not suitable small trading accounts. The profit will be minuscule with huge commissions. You will be much better off just trading the underlying and hedge.
 
You must log in or register to reply here.
Back
Top