i admit the fact that it was forgotten solely to show that I would never be so reckless as to allow the NDX spread to go D1. Not as an excuse.
I have this trade on in much larger size. At "work" (similar structure) and with the many accounts in which I share PNL and enter via VPN with local machines with EU addresses. 7-day DNT; SPX 1835/1935 from 43/100; double no touch.
Massive rally in the next two days should touch 1905 SPX. All of my internal work says we scream higher.
Do you model what VIX/spot index of choice vol would be on your SPX/NDX/index stuff if targets are hit? BTW, nice to have you back risk.
Many traders have blown up in a spectacular fashion and get refunded with huge amounts of money to go at it again. John Merriweather, Victor Niederhoffer, and several others come to mind. Those who just churn out a living, while admirable, don't seem to be rewarded by the Street very often... Big risks equal big rewards, win or lose-- the Street likes risk takers, not churners. Just my opinion. peace, surf
"Targeting a touch of 1889 and 1924 for the week." Any adjustment on this range ? My price drivers borrowed from surf are targeting 186-190 spy for the rest of this week. Run up put premium here and smoke em into Friday