Vanzandt vs. Destriero Trading Competition

Status
Not open for further replies.
($860)

DEST10: L 3 GS Jul13 200/225/237 132 in calls from 14.82 OUT 18.33 +1,053
DEST11: L 4 BA Jul13 300/340/360 132 in calls from 23.65 OUT 29.29 +$2,256
DEST12: L 3 AZO Jul20 600/680/720 132 in calls from 44.55 MTM 46.75 +$660
DEST13: L 1 SPX Jul9 2630/2730/2780 132 in calls from 53.45 OUT 60.20 +$675
DEST14: S 5 SPX Jul6 2640/2670/2760/2790 irons from 4.60 OUT 1.80 +1,400
DEST15: L 2 GOOGL Jul13 1070/1140/1175 132 in calls from 30.40 OUT 32.40 +400
DEST16: L 2 GOOGL Jul13 50/60 call verts from 4.05 OUT 2.55 ($300)
DEST17: L 1 SPX Jul6 2730/2770/2790 132 in calls from 9.35 OUT 9.55 +20
DEST18: L 1 SPX Jul9 2680/2720/2800 231 in puts from 46.70 MTM 40.50 ($620)
DEST19: L 1 GOOGL Jul13 1085/1125/1205 231 in puts from 42.25 MTM UNCH
DEST20: L 1 Jul13 NQ 6750/7000/7500 231 in puts from 270.00 MTM 235.00 ($700)
DEST21: L 1 ESU8 from 2738.25 to open. MTM 2762.00 +$1,188

Closed and MTM gains to date: $5,192
 
Last edited:
100 BAC Jul6 29C from 0.34 ($3,400)
20 CGC Jul20 25C from 5.00 MTM 5.10 mid +$200
25 VMC Aug17 135P from 8.40 MTM 7.00 mid ($3,500)
30 SYMC Aug17 19C from 2.00 MTM 2.50 mid +$1,500
20 MGM Aug17 27C from 2.23 MTM 2.60 mid +$740

vanzandt MTM loss: ($4,460)
 
truetype said:
I probably missed a discussion earlier, but why is papertrading even a thing in a "trading competition"? An excellent approach would be for both contestants to open real-money accounts and give read-only privileges to a special master trusted by both, who could periodically report actual results and monitor for compliance with contest rules, "no short Greeks" or whatever. Seems ridiculous to try to "account" for phony papertrade "fills."
More...

Bigger question is why have a trading competition at all.....just wastes a lot of time. The loser (VZ) just sneaks away and makes up BS excuses and the winner is told he cannot trade that way for real.

Also let us not forget the fact that anyone could have a good 60 days trading, if we put 100 people together, someone would have to win guaranteed even if they were blindly putting on trades.
 
El OchoCinco said:
Please explain a real option position using an example that is positive delta, gamma, theta and vega?
More...
You're too clever by half. If the rules allow loading up on short gamma & vega, then the "winner," assuming no LJM style blowups during the competition, is whoever sells the most premium.
 
Status
Not open for further replies.
Back
Top