Vanzandt vs. Destriero Trading Competition

[MarketEater]

Don't forget that he is also hedging Deltas if he feels like it's needed. Not really a "click and earn from the beach" type of trade

Yes. Good point, thank you

 

[destriero]

Other than short naked combo moron... we’ve not seen anyone wanting a shot at the title.

 

[oldmonk]

Better how? How has it worked for vanzandt? He's holding 33% in one loser. Did you learn anything from his trading? Posting calls on the ES thread would provide nothing. I predicted vol in every trade--you suggest that it's an advantage because time = synthetic vol and I have an edge from decay. Of course you're wrong.

The debit on the position is analogous to the moneyline in sports or casino gaming (don't pass on craps). The moneyline in the BA trade was 24/16; 3/2; -150.

The -150 odds is the debit is premium (over even odds) you pay for probability. You'll never get it but there is no inherent edge in short gamma. The edge is in the discount on the moneyline. I took the -150 wager in BA because I determined the wager to be fairly-valued at -200.

Could you explain how you determined the fair value to be -200, or would that give too much away?

 

[destriero]

Could you explain how you determined the fair value to be -200, or would that give too much away?

That was just for the example but fairly accurate in terms of stat vol. But yeah it’s most of the non-directional modeling.

 

[OptionsOptionsOptions]

........ Not sure what is so special about profiting this way during the slowest trading/market time of the year......

• Volume is a moot point and not important.
  
• Options traders want volatility - and the markets are volatile year round.

 

[MarketEater]

• Volume is a moot point and not important.
  
• Options traders want volatility - and the markets are volatile year round.

Short vol traders want vol?

 

[OptionsOptionsOptions]

Short vol traders want vol?

Sell high - Buy lower

 

[destriero]

Short vol traders want vol?

You’re really giving Vanzandt a run for the money,

 

[El OchoCinco]

Wow.....detailed option trades are really wasted on this site...
The fact that people think these are just random Flys on big names without looking at the risk profile and vol make up show that options have no place fro real discussion here at ET haha.

TT is asking why not just have a competition for stock picking and direction....yeah that is intelligent somewhere above a monkey throwing darts at a newspaper. God forbid there is actual positional analysis and complex positions.

I always say calls and puts are for monkey dart throwers while FLYs and their cousins are for people who truly understand options/greeks and real position applications.

People should maybe try and ask questions for learning what is going on rather than bathe in mediocrity.

 

[Humpy]

It should have been part of the rules of the competition to show PnL at the end of each week/month.