Definitely didn't take it that way. The more people showing some authenticity on these boards the better. Glad to see others taking it home for...
If you really shorted spot good on you man. Do you have at least one fill to show? What is your week looking like?
Agree 100% with the psychological considerations. Although I don't think $1200 is likely in the near-term. Such a large, rapid dislocation from...
You hedge long calls to collect the gamma. If you have 100 deltas in OTM SPX calls and -1000 SPY.. market closes 2.5% in either direction [or...
Haha, I started to pick up too many long deltas Friday and unloaded some right at ES 3222 (~1245 cst). Uncanny how that seems to happen more...
That would be a cool game. Guess which side of the trade he's on. imo post periodic PnL summaries and the audience should build up. Probably...
Can personally vouch for this one. Picked up a good number of something very similar after Doobs posted. Will probably keep this on the books...
I'd consider myself a moderately successful trader; I put in years of effort and I was never able to unearth any extraordinary speculative system....
Good start! I def didn't expect that magnitude on a gap. gj with the decent -delta lean from inception
How would buying back a short call you have against long stock make you more delta neutral??? Margin usually comes from the broker stressing your...
This particular order was a wide vert, slightly under-hedged. Vol is vol though. I usually have a variety of positions on and the exposures just...
Sup Doobs! Hope the journal goes well. I shorted some Jan 31 vol too a few hours ago haha. Always an interesting day when the front of the...
imo unless you have an opinion on vol, use the underlying instead. You made a delta bet and won; go ahead and collect your profits. Your long...
If you have to ask something like this; the right answer is to close the trade once you don't know what is going on anymore. Also the time...
Most simply Friday's close to Monday's open. If you end Friday long a hedged option and price moves at all you start Monday with some gamma...
Can vol still occur over the weekend even though the market is closed? Yes... ergo there is going to be a cost for being long gamma. You can't...
Imo vague confusion / concern or theories about how the government is controlling us don't add PnL dollars to the bottom line. We haven't seen...
It's an interesting question where the premium comes from, I've thought a decent bit about how to detect when it's there or where it's...
Mostly pft vol goes down, the skewness of your PnL distribution will decrease further, and it's going to be pretty much based on sequence of...
Yeah, it's funny that beginners hear from almost everyone with experience some variant of, "get out while you still can". Over the years I went...
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