Vol-trading for beginners

[.sigma]

All you fly enthusiasts on ET owe me a fooking dinner!! Eat up family! Thanks dest, going to digest this now!

 

[destriero]

Scammer Booby is adding cash to his account again. He's making "$1K per week!" yet he's up $220 on the year. $220.

 

[.sigma]

Since I’ve become a newfound lepidopterist.... I’ve discovered where Dest got the Atticus name.

I present the Attacus atlas

What an amazing moth fly. Notice the mimicry on the top tips of the wings, looking like lizard/gecko heads.

 

[.sigma]

We'll get into structuring later, but the choice of fly vs. condor will depend on skew, stickiness, etc.

OTM legs are preferred because of microstructure, but what if the current ITM strike volume/OI for the puts(calls) is higher than the OTM strikes? I’m not talking about deep ITM, more so at around neutrality. Does this have any factor in choosing for microstructure? Wouldn’t strikes with higher volume/OI have tighter b/a’s?

 

[.sigma]

$220.

lmao

 

[donnap]

Notice the mimicry on the top tips of the wings, looking like lizard/gecko heads.

Asymmetric.

 

[.sigma]

Asymmetric.

???

 

[destriero]

Shorting (NQ) pre-mkt on the 14th when coinbase trades.

 

[Arnie]

???

The wings have different patterns...asymmetric

^^_^^ = symmetric

^^^_^ = asymmetric

 

[destriero]

I hit "shadow" and it gives me arrows. Huh.