Cheap shot at Cuban..Mavs just lost in 7..
Mark Cuban, perhaps?
Mark Cuban, perhaps?
Mark Cuban, perhaps?
Mark Cuban, perhaps?
Your perspective is punting from a long vol perspective...If that works for you,and it very well may,keep on punting...No need to delta hedge..
Are you saying you trade in the same manner when short vol??
And dont confuse trading directionally with trading vol...
my understanding of destriero style is to hedge out gamma and delta , profit from volatility. Is that true? I tried to understand his words, but too much for me since he used too many jargons
but gamma adds to volatility though so if he is trying to profit from volatility, hedging out gamma is pulling him back from what he's trying to achieve? Oh well anyway he is the expert... LOL
Chenqui. No encouragement please - I might even start new journal like my old friend Mr Subliminal.We're honored. Three posts after 16 years!
I was originally answering this question below
with my first post regarding delta vs. gamma hedging:
The question posed by @tred2009 did not specify long vol or short vol., only profiting from volatility which I presume would be long vol.? Do you really profit from vol. when you are shorting vol.? LOL Go back to read my post and you should understand. If you still are not clear, feel free to ask your idol dest.
I'm assuming you are being sarcastic,as very few are dumb enough to ask if you can profit from being short vol...
You presume profiting from vol is solely long vol.??
Go trade your first long calander and don't let the short gamma punch you in the nuts..
Chenqui. No encouragement please - I might even start new journal like my old friend Mr Subliminal.
From @DiceAreCast
View attachment 260300
Why on earth would someone like Destriero be in "private conversations" with this dude?
Do you really profit from vol. when you are shorting vol.? LOL Go back and read my post above and you should understand.