I think he was one of those reddit/WSB types, so yeah. But people letting their trades expire without a clue of the risks of doing so... yeah, that's worth highlighting.
Oh yea, sure, it's easy to give away...generic, theory, foundational, trading information...that will make you a nice, whopping, 5% a year. That stuff is a dime-a-dozen across all social media sites...with fake gurus and charlatans pitching their courses for more advanced stuff. I don't mean to brag and boist...but the information, experience, wisdom, approach in my head...can truly make you rich. I can give you Real money returns. Now why the heck would I give away that kind of power to someone? Because you are a nice guy, and you deserve it....Get in line, for that. Everyone will literally suck my d-ck, if I can deliver to them $400,000 a year in trading profits.
I'll delete this if needed but I am going to add color to those mentioned. Magic is up a ton in 2021. TBS started with <$200K a couple of years ago and is sitting on a haircut well over a million. He's in his early 20s.
New as in managing director of equity derivatives at a major IB and ran a propbook at a 20 billion dollar hedge fund? Dude,no disrespect,you are literally clueless when it comes to infant option theory. An ITM option "will have a much more pricier, bloated, overall costs."???? Seriously???? If you are not talking leverage,D1 is your huckkeberry ,especially intraday..
Spx Op holding period is 8 nanoseconds.Thats about as long as he can hold a cogent thought..I may be off by 5 nanoseconds
There is no advantage to daytrading in vol. I'd argue it's inferior to futures. My guess is that the guy 1) doesn't really trade after a recent blow-out and is railbirding out of boredom or 2), trades a small cash account bc of a 450 FICO.
Congratulations on your 2% day, destriero. I need more than 2. We've gone through this already...options can deliver more, can be more explosive, if someone has ideal timing. I seek money. I seek volatility and range. And only weekly options can provide that. Assuming, the trader can nail those ideal buy and sell spots on the S&P chart daily to capture that one obvious, major, move. Doing this day in, day out, everyday....will make a small account blossom into something massive. Transform a ripple into a tidal, rogue, wave.