btw chef, thanks for this thread.. you definitely sparked something.. I mean even Desty is frequently posting gems again! Cheers, friends!
I'd stay away from wiki to define optionality... thats like using yahoo finance to quote box spreads lol
I run a reasonably complex but simple system, have my hands full mentally, but I have a trading system which just repeats over and over, can't deviate down a new rabbit hole. Don't wish to rock a boat which atm churns out dollars. Today for example (mkt been open here just over 3 hours) had a portfolio swing of over $20,000. Will stick to my knitting hehe
Thanks, but what exactly do you mean by that? All I can think of is this, looking at 30 day from now, but not sure what to make of it.
No need to thank me, we are all in the same boat, trying to beat the system and make a living. I make my living dealing with negative theta, negative delta, gamma, vega all the time and it gets depressing. A good fly is different.
Convex Payoff Function - http://ifci.ch/00010915.htm http://docs.finance.free.fr/Options/Dynamic_Hedging-Taleb.pdf