Your son's trade is already over 1.5k in profit. However Apr 16 option chain shows there's only one 2500 put contract out there (his) and assume there was none when he opened. Wasn't this a concern?
Just came across this...Great post..Seemingly simple concept that cuts right to the heart of the matter..
@sigma newwurldmn said: Skew is a complicated trade. It takes a big notional position to make moderate dollars. My experience is that if I profit from sticky delta, I would have made money trading delta in 1/10th the notional.
oh okay thanks, yeah new wurld blocked me awhile back because I said a curse word. Wish he’d unblock me as I enjoy his knowledge smh
I know guys that are always structured long delta in calendars and diagonals for the SD. ATM at 12 with the 20D strike at 10; short futures or cash. But generally you're not in the position solely for sticky delta.