Are options a waste of time and money? (pun intended)

Discussion in 'Trading' started by wxytrader, Jul 22, 2023.

  1. Sergio123

    Sergio123

    Look at that...My call to skew it to the short side two weeks ago was correct. SPX is trading 65 points lower.

    spx080623.PNG
     
    #221     Aug 6, 2023
  2. Sergio123

    Sergio123

    Another win from my strategy. I am going to create a Journal to log these.

    xop.PNG
     
    #222     Aug 6, 2023
  3. destriero

    destriero


    lol that’s cash. More paper trading. How can anyone decipher your BS? Skew to the short side. You could have been short combos and flipped deltas… no way to know.

    So instead we get a guy showing a picture of TOS where he shows a simulated short SPX cash position. Fantastic.

    lolyes, start a journal showing us your sim auto-trading of SPX cash. Can’t wait.
     
    #223     Aug 6, 2023
  4. destriero

    destriero


    How did your garbage manage to short the top tick and buy to cover at the bar low on XOP? Pretty amazing fills, Bro.
     
    #224     Aug 6, 2023
  5. Sergio123

    Sergio123

    I am going to break it down and make it simple enough for even you to understand...I am going to skew long on oil, VIX, and treasury yields.

    And skew short on the Russell, NASDAQ, and S&P.
     
    #225     Aug 6, 2023
  6. destriero

    destriero


    Can you explain how you were “shorting” SPX cash?

    And how you are shorting the top tick and buying the low tick on XOP?
     
    #226     Aug 6, 2023
  7. Sergio123

    Sergio123

    With options.
     
    #227     Aug 6, 2023
  8. destriero

    destriero


    Oh really, what position did you take? Thanks.
     
    #228     Aug 6, 2023
  9. Sergio123

    Sergio123

    I doing it with synthetics.
     
    #229     Aug 6, 2023
  10. destriero

    destriero


    lol I will bet you any amount that you cannot provide proof this fill in a production account. There is no way you shorted the synthetic at 19 in a real-money account:
     
    #230     Aug 6, 2023