I am new

I've been following this thread but have been too frightened to ask as it may sound a bit stupid, but what is "PPS" - as in "significant impact on the PPS in either direction"?
daddy's boy

 

Take your pick

 

One of the other posters on this thread suggested a trade with KCI and used pps. In that context it was "price per share." Actually, if I made the trade as he suggested, I would have made money.

In any case Rallymode and MoMoney have given me some home work this weekend. I am out of town this week and I get looks from my wife when I am in front of a computer screen and have my head buried in options books all weekend, after being gone the week before. So, I may have to limit this fun stuff during the weekend.

Thanks, all.

John

 

That was helpful!
daddy's boy

 

Thanks for explaining PPS. I just saw that it's also a stock symbol.
Best
daddy's boy

 

Wonder if you noticed the title bar, URL and pre-filled search box at the top of the page when you clicked on the link? *shrugs*

 

I have read this quote a few more times. It reinforces what I said before how much sense it makes.

But, I want to look at and understand it in the context of Riskarb's Arb's fly to conversion: I quote:

"Simple to follow journal of vanilla equity and equity index short combo to iron butterfly conversions; short gamma/vega and long theta at neutral delta. Conforms to my basic tenet to sell downside and buy upside gamma curvature. . .

The initial short gamma/vega combo will be converted to a short iron fly[synthetic long call or long put fly] when/if certain conditions are met; a flattening of the vol-smile[wing vol compression], opportunity gains from an strip-vol decline, sufficient decay, or simply an arbitrary time limit or delta position incurred on the short body strike."

You may not hear for me for a week or two, because before I respond i hope to have a theoretical understanding of the above journal quote as well as the gamma and negative gamma scalping often mentioned on these boards. Alas, a theoretical knowledge, and I don't even having that yet on this matter, is not the same of having that knowledge when money is on the table. Give me some time, becase I am going to try to come back with some intelligent questions on these issues.

 

Oops!
Thanks mmts.
daddy's boy

 

If you can come up with a Riskarb to simple English translation I would be interested.

 

Rallymode, et. al.

I haven't gone away - lost my money or anything. I just am reading the thread you posted. I find it very interesting. I am only on page 31 and it goes to 141. I am going to read it all. I pay particular attention to the common themes of the successful traders. They emphasize the same points over and over trying to get through the thick skulls of beginners like me what is involved and what we have to know.

I'll be back again with questions. But, for now, I am taking it all in.

John