I don't but you do with all your fancy "fly", "vol" and "skew" talk which you have no idea about. And when people ask you to explain more, you use made-up crap like "verticalization" and shit and then insist that you cannot reveal more of your methodology because there isn't one. LOL You do what you will; it's your money I honestly don't give a shit but you shouldn't be managing other people's money. You can dazzle all your worshippers here with all your fancy talk. Of course the more people don't understand the more they think it's something sophisticated and deep. All you understand is some very basic options concepts that anybody can get from reading investopedia.com (which is a fantastic source of knowledge for trading any financial asset btw) and that's about it.
I didn't feel like this when I read your post that started all of this. I mean the one stating that the option market is rigged, retailer screwed by mm's greek manipulations...and the fact that it didn't make any sense, to us option students or any professional option trader here, didn't make it sophisticated and deep. You sounded half reasonable before going into this option argument. Not understanding or recognising destriero knowledge on the topic, calling it fancy and saying that he doesn't offer any methodology help of hints, offends your own intelligence.
Say you can code. Where do you start out? Which software and which datafeed. I am curiois as I do not have the toolset beyond Python skills.
I never use fancy terms like "verticalization" (btw that term is completely made up by @destriero; it does not exist at all in options and nor is 100D or whatever shit. Delta in options only goes from 0 to 1) or "vol skew" without offering any explanation. I explain my observations and ideas in plain English that everybody can understand so I have no intention of making any of my observations or ideas to appear to be sophisticated and deep. I really don't give a shit about what you think of my posts. You don't like them? Don't read them. Feel free to put me on "Ignore". I recognize @destriero's knowledge. It's just not as sophisticated or deep as what he wants to make it out to be no matter how fancy he makes his terms to be. You want to worship him? Go right ahead but I am entitled to say my opinion.
I made 100k on Friday on des’s call to get long. unfortunately the market makers asploded the gamma on some twtr options and I lost 99,950 on that.
WTF are you talking about? Seek help. https://www.elitetrader.com/et/search/14737073/?q=Verticalization&o=date
The market makers hacked his account. It's part of their plan to make his short options blow up on gamma and his long options to blow up on theta. This is on his verticalized callspread in TWTR that expires in three months.
I’ve never written “verticalization” until this thread. I drop the decimal for deltas. I quote skew out to two digits past the decimal. I am perplexed by your BIG. Ballooning Infinite Gamma. Have you sent those academic papers to Neww?
lol you had to edit this garbage? What’s your old username on ET? No way this is your first rodeo here.
Everyone should visit my “Get Long” thread and all of your questions will be answered! https://www.elitetrader.com/et/threads/get-long.363639/page-51#post-5690273