Why would arbitrage push it to 1667.50? Why not 1690.00? Why not the high OI strike? Why not base these trades on lunar or menstrual cycles? Good luck with the puts.
I don't know r/arb :eek: after so many years of following this stuff it seems like I can find the pin levels, or at least close enough to have an edge. If you want to discuss it sometime I will give you my # and we can talk. i.e. look at DNA - look at the # of open 85 puts. Look at DNA's price now after the action earlier this week. You think that is a coincidence?? If so what's that saying about "there are no coincidences in life"? one more thing - there is a 'method" I use with respect to "pins" but I choose not to post it on a public forum. going to sell MNX puts @ 370 now p.s. I am SHORT the Feb 85p/long march 85p (-1)
SOLD 7 mnx oN @ 3.80 day PnL = +490 (-commish) thats' ONE day trade! b.t.w. WHERE IS NDX? DUH! 6750 +/-?? What a lucky guess on my part! closed PnL today = approx 1890 (need to check exact figures AH). Well we're on our way to 75000 from 18000. Let's see if I can meet the challenge?! And this is not even haircut margin. > holding QM Aprils overnight PnL = +197
Journal PDT song of the Week Bailamos ! Esta Noche Bailamos De Noite - da mi vida Quedate conmigo Tonight we dance I leave my life in your hands We take the floor Nothing is forbidden anymore Don't let the world in outside Don't let a moment go by Nothing can stop us tonight Bailamos - let the rhythm take you over Bailamos Te quiero amor mio - Bailamos Wanna live this night forever - bailamos Te quiero amor mio - Te quiero Tonight I'm yours We can make it happen I'm so sure I won't let it go There is something I think you should know I won't be leaving your side We're going to dance through the night I want to reach for the stars. Bailamos - let the rhythm take you over Bailamos Te quiero amor mio - Bailamos Wanna live this night forever - Bailamos Te quiero amor mio - Te quiero Tonight we dance Like no tomorrow If you will stay with me Te quiero mi amor Quidate conmigo esta noche - bailamos Bailamos - let the rhythm take you over Bailamos Te quiero amor mio - Bailamos Wanna live this night forever - Bailamos Te quiero amor mio Bailamos Como te quiero Como te quiero Como te quiero
GOOG + 4 March 390c @ 6.05 I consider my trading today in GOOG to suck BIGtime. Exited the deep 340c 5 points to soon (i.e. missed $500 profit in next hour). BUT I did immediately place an order rolling into GOOG March 370c @17 --- but missed that due once again to getting too cute and not entering a MARKET order. I did hold my long 400c, but then sold them .70 too soon (= $560 lost profits)!