I'm buying the book just to read about that.Not true. My first mil-day was 2001 during the RAES arb. I did 1.1 on a Monday of the week that OCC locked the crossed mkts in COMS.
I'm buying the book just to read about that.Not true. My first mil-day was 2001 during the RAES arb. I did 1.1 on a Monday of the week that OCC locked the crossed mkts in COMS.
Just imagine being so dumb to not be able to tell that his journals are real LOLDest, calm down and realize what you have here. You have a fanboi base of people who worship your every word.
You seem to have a sharp thorn in your side about people who do not believe you are posting real money journals. If you know you are doing that, why lash out so hard on all of them? YOU know what is the real, not these others who think you are NOT real.
Your anger seems to have increased when you went from Poopydeek to Dest 2.0. Dude, just ignore them. Do what you do how you do it, like I do. Forget the naysayers. Just don't be so ANGRY about it! I think if you can accomplish that, you will get more "fans".
At first glance I had the impression you were just trolling, now i'm sure.Directional fly is NOT butterfly imo. "Directional fly" is some kind of ratio spreads where one is leaning towards the market moving in one direction than the other. And I thought @trend2009 is saying the strategy is butterfly. So now it's verticals? This is the strategy? Doing verticals? LOL
Greek is just a more organized and precise way to quantify everything. It's still the same framework greek or non-greek. LOL It's like saying "commerce" vs "doing business". At the end, you are still talking about the same thing. LOL
Option decay = drop in magnitude especially if you are doing longer-term short vol.
It's the profit that talks really so there is no point to argue. IMO option strategies that try to limit direction and magnitude are 1) very limited in profitability and 2) expensive. Verticals might work better because it's 2 legs so the cost is not too much but depending on the strikes of the 2 legs, it's basically a trade-off between profitability and how much delta and gamma risk you can hedge away.
How do you have such insight in his strategy? Are you DEST???!!!
This thread is now turning into "Who is Dest?"
Sadly i'm a prisoner there, but hey can't complain too much, i'm making money and they're the only platform currently accepting Venezuelans. But i'd love to trade on TOS.IBKR can't perform basic arithmetic on verticals let alone correctly calculate your PM haircut. They cut your server connection daily for maintenance and they suck for locates and they still charge comms. They offer foreign futures which is nice, but for US equities/vol they are shit. Their analytics? lol.
To finish.. imagine having beef with tao, one of the most laid back and helpful ppl i've read here.
Dest's knowledge is passed to him by his father both in real life and gene, please do not try to learn and master as he did, I tried a few years , failed.i have been reading your posts on et and am amazed by your knowledge of the options market. i myself have a basic understanding but nothing close to yours. how did you get to this level, and what would you recommend i read to take my knowledge to the next level?
I have a chat group with ~25 guys in there and about half are former sell-side and current buy-side. It's 70% chit chat and 30% active brainstorming. One of the guys is up 300-400% at a Sharpe of probably 10.