Technically it did because as price moved up sharply, vol dropped and you locked in profits...come on P, I shouldn't be explaining the intricacies of option pricing to you. Yes I was long and the fees ate my pnl for lunch.
Poopys selling put flys as a bullish vol play??? You guys would make a great team for about 11 nanoseconds ... Just out of curiousity,whats in it for Poopy other than using you as a contra indicator?
Well we are either going to blast off or do a double correction. We are kind of at an inflection point but I am leaning towards retracing down again, but just want to cover any upside as I am looking for an entry. (This is what my spreadsheet outputs on a side bar) I have 100 21 SEP30 BITO CALLS @ .05 1SD Pnl's Date Price Pnl September 27 19.88 $197.66 September 28 20.45 $809.65 September 29 20.69 $652.70 September 30 20.87 $928.84 2SD Pnl's Date Price Pnl September 27 19.88 $197.66 September 28 21.02 $3,030.64 September 29 21.50 $5,197.91 September 30 21.86 $8,221.58 I have 100 19 SEP30 BITO PUTS @ .05 1SD Pnl's Date Price Pnl September 27 19.88 $461.34 September 28 19.31 $1,314.40 September 29 19.07 $1,353.11 September 30 18.89 $1,930.98 2SD Pnl's Date Price Pnl September 27 19.88 $461.34 September 28 18.74 $4,072.61 September 29 18.26 $7,097.52 September 30 17.90 $10,537.25
Yes. It was the better play at the bids he was getting...he knew vol would tank on the abrupt leg up, and closed out the next day. What's in it for P? He gets directional accuracy and timing from me where such trades can be orchestrated. Like when I traded a triangle on MARA in both directions, before everyone else had even recognized it as a triangle.
lol you're allergic to money. "He gets directional accuracy" all it had to do was not break 14. There were countless better bull spreads than that one lot. I wanted to see if I'd get filled. Period.
You caught my second trade of the yet to form triangle. It was a perfectly timed trade, the leg up was quick, which is needed in a 2 dte...however, you were letting me know the prices of the short puts before you went in. I should have probably looked into it, but I was already in the trade.
It was literally the smallest gamma exposure I could eyeball. It was a fill-test. You acting as if it's the Dead Sea Scrolls. It's kind of dumb how you're implying that I followed you here in light of the fact my thing earned and yours did not.