How to short the S&P using options? Day & swing puts

Discussion in 'Options' started by KCalhoun, Sep 11, 2021.

  1. KCalhoun

    KCalhoun

    Ultimately what counts is pnl proof screencaps.
     
    #201     Sep 14, 2021
    BlueWaterSailor likes this.
  2. #202     Sep 14, 2021
  3. Given how easy it is to fake all of that, the only thing that's ever impressed me was @destriero posting his entries and exits shortly after he made them, where I could see them on the chart. Hell, I still remember when he posted an upcoming trade in /NQ - I didn't have a clue about futures at the time and so didn't take it, but again, I tracked it on the chart, and it was the real deal. Damn few people out there have that kind of moxie.
     
    #203     Sep 14, 2021
    taowave and KCalhoun like this.
  4. cesfx

    cesfx

    In regards to options, knowledge is not subjective as mathematic is not an opinion.

    As a learner I appreciate the fact that when a self-righteous ignorant shows up here pretending to be a big shot, I get to learn and reflect on a few new things from the real traders in the forum.
     
    #204     Sep 15, 2021
    BlueWaterSailor and taowave like this.
  5. Taleb expressed it quite well:

    "Option hedging, pricing, and trading is neither philosophy nor mathematics.
    It is a rich craft with traders learning from traders (or traders copying
    other traders) and tricks developing under evolution pressures, in a
    bottom-up manner. It is technë, not ëpistemë."
    -- Nassim Nicholas Taleb

    A craft vs. simply academic, "book" learning - with skin in the game to nail the lessons in place. Not to deprecate the latter - it's necessary - but simply reading a book isn't going to get you there.

    There's a pattern to both the fakers and the guys who are the real deal: when challenged, the former respond by projectile-vomiting their fears and insecurities (kinda revolting, but also amusing.) By contrast, knowledgeable traders - even grumpy ones, which seems to be quite a subset of them :) - will at least smack you in the head with a cluebat and show you why you're wrong before they pull the trigger on the flamethrower.

    If you're sitting on the sidelines, it can be quite a show. :)
     
    #205     Sep 15, 2021
    luckyfnlou, taowave and cesfx like this.
  6. Zane

    Zane

    Greeks really don't matter when you are speculating on the future as a buyer of premiums. It's not like you can negotiate for a price on the premium. The price is what it is. Buyers of premiums have their risk already defined to the amount they purchase.
     
    #206     Sep 16, 2021
  7. taowave

    taowave

    Greeks dont matter?????

    Are you indifferent to a delta flat 1x3 ratio vs a 1x3 backspread (same strikes)??

    Your completely missing the point

    If you are day trading and NOT looking for leverage,why trade the option???

    Its an easy answer
     
    #207     Sep 16, 2021
  8. destriero

    destriero

    I think he's referring to deeps/singles.
     
    #208     Sep 16, 2021
    Zane likes this.
  9. taowave

    taowave

    How can you tell??

     
    #209     Sep 16, 2021
  10. destriero

    destriero

    bc there wouldn't be any greeks other than delta in something above say 85-90D.
     
    #210     Sep 16, 2021