ES Journal - 2019/2020

late post as I have full time job...shorted 74...scaling in more 78-83

 

I am up 4% on the day, across all accounts. Thank you, LONGS!

Edit: +4.3% for the day unless the marks on the arb are stupid (+/- 0.4%).

 

"marks on the arb" have no idea what you are talking about> will you elaborate pls??

 

I am short a box arbitrage in share options. The broker, on occasion, will mark the synthetic long and short at a price above or below the strike differential. I booked 4.3% on my index short. I will post the run tomorrow, but not sure of what figure it will be due to the silly arbitrage valuation (from 3.9% to 4.7% gain marked to market).

+4.3% on index short. Var on overall return as the arbitrage is large.

 

Not being an options guy, I have no idea what Des says but love the lingo

 

ha, just that I have a lot of other positions that are held to terminal value (expiration), so the return may be slightly off. Regardless, I am done for the day. Heading to LV en route to Japan.

 

Have fun

 

He always has fun, he has more fun than most of us and quit sucking up to him lol

 

I've known the guy on here for years, we have mutual respect.

 

ok, that's cool. I can see you've been here awhile.