OP, When I saw the title of this thread I figured I was in for some good entertainment. At the end of this mess I realise it has killed more...
Sorry, I assumed from it's increased popularity here at ET that most had heard of it. Wrangles are call and put backspreads. Risk profile...
Joking??? If so, forgive me. I'm a little slow on the uptake.
This is a martingale strategy. It works if you have the cash to indefinitely buy 30 point ITM verticals...
You're buying 30 point ITM verticals on each side for a couple points each. Consider that the risk and reward for the debit spread is identical...
It looks like a synthetic backspread or synthetic wrangle (ITM version with the longs split across two strikes). I don't think there's anything...
Right. But [inaccurate] distributions contribute to skew and therefore we are right back where we started. Some insist that FOTMs are cheap...
Now I'm confused. First they're cheap, now they're expensive, oh what a quagmire I'm in...
When I was 18 the only risk I took on was forgetting to wear protection. I was quite the risk taker in those days.
I'm not following your logic. Market prices are for the moment, they are not static. If you know the "true" value of an option (volatility and...
A good question would be what are you trying to accomplish by using different distributions? The effort of finding a more accurate (accurate...
Agreed. I think simplicity is its benefit. Regardless of how complex the models and statistics become we still can't model human behavior...
I'm not trying to be confrontational or abusive. I just thought the second question was a bit deprecating. As for the first question my only...
Of course. I didn't mean to insinuate otherwise. I enjoyed the Wrangle thread and was just being a wise ass...
I saw mention of the hedge but no specifics. I have seen riskarb post positions short gamma without a hedge (both vanillas and exotics)....
Easy, just search for "Perfect Position" and "Wrangle". You'll find all of Mav's secrets. Sorry Mav, I couldn't resist :)
I believed it was a reference. I've read posts of yours in the past and know you have both knowledge and experience in this industry. I was...
Perhaps the mysterious patient is mparkernys himself. Maybe his IP resolves to the Mental Health Wing...:)
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