Destriero - Butterfly Trades

Discussion in 'Options' started by ironchef, Dec 11, 2020.

  1. #431     Feb 1, 2021
  2. destriero

    destriero

    My DP going into tomorrow in my taxable account:

    2021-02-01_12-48-14.png

    AMZN, GOOGL are the two significant exposures.
     
    #432     Feb 1, 2021
    eternaldelight likes this.
  3. ph1l

    ph1l

    He still has me blocked. I think it was because I didn't lick his boots hard enough or something like that.;) I guess I'll never be able to see such informative posts like
    :D
     
    #433     Feb 1, 2021
  4. Overnight

    Overnight

    AMZN for teh win, they are going to crush it.
     
    #434     Feb 1, 2021
    OptionsOptionsOptions likes this.
  5. $4,000 by Friday.
     
    #435     Feb 1, 2021
  6. Overnight

    Overnight

    Good, that will help the index, which got hammered last week, and which is gasping for air after all these asshole RHers thinking they are stealing from the rich, to give back to the poor. No...the more they fuck with the market, the more the market will tank. They better love their neighbor's mommas, to give their gains to the lowly neighbor people they are fucking over. Assholes, ALL OF THEM!

    These RH one-day superstars are becoming their own hedge funds. They are not doing it for anything as noble as "for the people". They are just trying to fuck over the people they think fucked over them. Which is weird. How many of them had money in those funds? Hmm, I'd say none.

    Shit-jerk dick fuckers!

    All the guys in that room? They are all the Reddit and hedge funds combined!

     
    #436     Feb 1, 2021
  7. It's the usual percentage breakdown, same numbers as always. See the one guy in the room she apologized to? That's how it always works, and that's how it will always continue to work. And under the surface of the monkey business, the real business still goes on.

    This isn't some "revolution" where The Little Guy finally gets his and screws the Evil Rich to the wall. It's one guy - a financial analyst, for fuck's sake - who figured out how to leverage the power of the crowd for his own benefit. Sure, the ones who got in early enough get some of the pieces; he gets to corner GME and reap upwards of 50 extra-large for it. But to the financial industry, it's just another day in the markets - it's not like short squeezes never happened before. And hedge funds have gone under, too - and then it all got shaken out, and people that used to work here now work there, and what happened yesterday is ancient history. Mark-to-market, bitches!

    For myself, I'm just grateful that the opportunity to join in exists. That's more access and power than anyone in the history of the world, outside kings and the aristocracy, has ever had - and all it takes is brains, skill, and maybe a measure of talent. That's all the level playing field I've ever wanted.
     
    #437     Feb 2, 2021
  8. tsznecki

    tsznecki

    Awww did you invest in Melvin Capital? Need a tampon to soak up those concern tears?

    You aren't necessarily wrong, but I have told you many times you need to drop the hyperbole Gramps. Index was down what 3% last week? Index is up what 100+% from March 2020 lows. Just another day.

    I don't see Melvin Capital doing public donations. I do see the odd WSBer giving back: https://www.nbcdfw.com/news/local/n...es-gamestop-gains-help-sick-children/2537134/
     
    #438     Feb 2, 2021
  9. destriero

    destriero

    I am up a lot in AMZN. You wouldn't believe it if I told y'all. I think it's got 100 lower in it. I am going to short the thing AH as much as I can. I think it trades to 3250 in Feb (from 3380 here).
     
    #439     Feb 2, 2021
    eternaldelight likes this.
  10. destriero

    destriero

    Out 402 average on shares. It was a cover/reverse. I was long 8K delta coming into Monday. Long 3K deltas today and flat here (delta pos). Vol trade was short $50K vega.
     
    #440     Feb 2, 2021
    Atikon, caroy and eternaldelight like this.