So this morning with the run-up ... we re-adjusted the Spread. Sorta beautiful the way it's working out, as it allows us to demonstrate the principle, right away. So I bought back that spread from yesterday (jumped the gun on it, and market properly bit my hand), taking the loss. It's already noted in the spreadsheet. And then re-sold a spread, higher strike up. Also already noted, in the spreadsheet. Sold the Nov 22 206 / 210 Call at 0.22 This part is important for the model ... we did not sell more of them ... nor at this point, were we going to go out farther in time. Thought about going out in time briefly, as that would be viable but didn't. We can keep that model to about flat at the moment. Which is intentional. Think it might be down about -10 BPS or somesuch like that. Then on the opposite side of the coin? The long-flat is running higher and higher. So not that they are offsetting each other as in they are in the same market (see below), although at the moment you see that overlay. But remember ... two different strategies. Which leads me to ... Pop Quiz Still Stands: There are several ways to be "non-correlated". So what type of non-correlation is this? (Hint: It's the type of diversification most don't think about, mentioned in the opening white-paper). The answer to that, would lead you maybe how we will pick and choose our spots ... As always, to see how we are doing on each process? Check out the tabs in the spreadsheet below. Thoughts, questions ... comments? Post 'em below! _______________________________ Simple Longer-Term Hypothetical Non-Correlative Strategy Processes: https://www.elitetrader.com/et/thre...ournal-that-shows-profit.337303/#post-4951437 Spreadsheet: That keeps track of each trade, each process, and then everything together ... IF YOU ARE ALREADY AN OPTIONS TRADER, Here is a Disclaimer: I know, I know, I know ... as well as a secondary ... I know ... I know ... I know
Good work Pinsky. He left last time after someone outed his teaching site and he failed to produce any blotters/statements as he stated that he would. Same italics and everything, still talking to himself. https://www.elitetrader.com/et/thre...through-experienced-lens.284146/#post-3983538
In fact, after I posted the above, I was going through my side of the book. All of this, is why we run our own stuff with diversified strategies. My morning notes in the last few weeks? I've been continually talking about why I don't believe in "risk on" at the moment. Wrong, wrong, and wrong again. And thus ... diversified strategies. Because you can be wrong, and low and behold, you should have strategy somewhere, coming riding to the rescue, saving your rear end. Exactly what Charlie D talked about (the audio has since been remastered) as to why the guys that lasted longest in the pits? Turned to spreads, and got out of outrights trading ...
This guy! lol raVar's first post as @Aileron. https://www.elitetrader.com/et/threads/fresh-look-at-the-prop-field-through-experienced-lens.284146/ He was outed later as "Hosea Askew" after being located in Section 8 housing. @raVar @Aileron @Curiosity_FX Veyron 16.4 https://www.elitetrader.com/et/search/9980575/ Tango 6 Alpha (entire post history deleted) https://www.elitetrader.com/et/threads/closed-thread.233543/ He posted a pic of his jet (as Tango 6 Alpha), but the pic was a stock pic from Embraer's website. Tail number and all. That's how we located the plane. It was owned by a fractional jet ownership outfit. Same guy. He thought that Euro options cannot be sold prior to expiration. Yes, THAT guy. Please read this post/thread. Veyron is back as @raVar: https://www.elitetrader.com/et/thre...de-6e-over-eurusd.172952/page-17#post-2549130 wait... https://www.elitetrader.com/et/thre...de-6e-over-eurusd.172952/page-18#post-2549146 "Tango 6 Alpha" was his most toxic handle but Baron deleted every post written by the dude, so all you will find are members quoting the guy. 100% loser. I thought that his pic from youtube looked familiar as we had a pic of Hosea that he posted while taking his wife shopping. His wife, Mercedes, filed for divorce around that time. I am deserving of some props as I outed the nick as Hosea Askew a couple of weeks ago. https://www.elitetrader.com/et/thre...egularly-questions.337456/page-4#post-4955352
He's all about the low-effort non correlated strats. High Sharpe. https://www.elitetrader.com/et/search/9980609/?q=low-effort&o=date&c[user][0]=482433 https://www.elitetrader.com/et/search/9980596/?q=low-effort&o=date&c[user][0]=513734 Hi Hosea. We missed ya.
Here's ravar/Hosea as Veyron stating that he can't trade Euro-convention bc well, he thinks that they can't be offset prior to expiration. https://www.elitetrader.com/et/thre...de-6e-over-eurusd.172952/page-14#post-2544342 And yes, ppl, archive this thread!
This sh*t is getting deleted, but search "periodicity" on all of his handles. It's illuminating. Not only was @raVar blocked using the former nick, but all posts as tango 6 alpha were deleted by @Baron. Baron, Tango/veyron/stealth is back. Please ban this turd one more time. Thanks. Can someone link me to his YT page again? Because I have a pic of Hosea on my drive.