convexx's "hitting bids and lifting offers" ETF options

Discussion in 'Journals' started by convexx, Sep 13, 2014.

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  1. convexx

    convexx

    Long the Oct24 3725/3875/3950 132 calls from 46.25 mid. Will adjust PNL for edge loss on accounting. Looks good here as the drift from inception to 7-day is ideal. Not so if we crash. 7-day hold.
     
    Last edited: Oct 14, 2014
    #191     Oct 14, 2014

  2. "He only loses money due to clerical errors?" from my friend who is observing this journal
     
    #192     Oct 14, 2014
  3. convexx

    convexx

    It's not a clerical error. I forgot about the position because the stuff I model and don't trade is expressed at mid. I forgot about it. Regardless, I will take the loss and account for it. I would never have let the thing go to D1. Admitting that I forgot about it won't change the PNL. Unlike some people that ignore a stop-loss because two years ago they stated something about a "five touch rule" on stops. I think you know that guy.

    Is this the same friend who stated that I need to post the individual prices on the leg of each spread...? That moron?
     
    Last edited: Oct 14, 2014
    #193     Oct 14, 2014
    samuel11, EPrado and lucysparabola like this.
  4. convexx

    convexx


    His allocator thinks that the COB can't sum the legs of a spread. "Professionals in the business find this odd." This guy is legendary.
     
    #194     Oct 14, 2014
    lucysparabola likes this.
  5. its likely the vol fund guy modeling sub 9 by the end of the year :)
     
    #195     Oct 14, 2014
    Jimmy Ray, EPrado and convexx like this.
  6. convexx

    convexx


    Yeah, the impossible sub9 VIX, red eurodollars at 102, and there is one guy at each exchange making sure the legs match the debit.
     
    #196     Oct 14, 2014
  7. lol as opposed to only losing money when doubling down, ignoring stops, doubling down again, having a 10yr+ researched system that incredibly inverted that ONE VARIABLE which turned all winning signals into losses, etc.

    Surely this friend has some opinion of your own journal, yes?
     
    #197     Oct 14, 2014
    jtrader33, EPrado and convexx like this.

  8. i admit my losses and short comings when it comes to the market. That is respected on the Street.
     
    #198     Oct 14, 2014
  9. So you call the above what, then?

    rhetorical q. I truly can't tell if you're this daft or simply the greatest troll the internet has ever known. forever a mystery... carry on.
     
    #199     Oct 14, 2014
  10. EPrado

    EPrado

    What street are you talking about........Sesame Street ?
     
    #200     Oct 14, 2014
    jtrader33 likes this.
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