Long-scalping equity options against time decay and market drift

Discussion in 'Journals' started by fullautotrading, Jan 31, 2022.

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  1. spy

    spy

    With this out of the way, let's address the real elephant in the room...

    I think it should be lucy's ellipse, no? I mean, Charlie Brown has a leg and could send the ball sailing if only Lucy would let him make contact once in a while.
     
    #341     Dec 2, 2022
    lucysparabola likes this.
  2. destriero

    destriero


    Serious question. You're short a ton of puts. Where is the protection? What war news? Today was a BTE nonfarm number. US mkt was flat before the NFP and rallied into the close.

    War news and you're indiscriminately short puts? Are you short futures anywhere in this sim-account? At least you would be in a crazy synthetic straddle/overwrite structure, but I don't see anything but a Texas-hedge.

    2022-12-02_14-37-14.png
     
    #342     Dec 2, 2022
  3. spy

    spy

    If you don't have any real money you don't need protection.
     
    #343     Dec 2, 2022
    destriero likes this.
  4. Do not protect yourself, then!

    We are doing serious stuff here. If you come only to disturb the readers, you are quite unpolite.
     
    #344     Dec 2, 2022
  5. spy

    spy

    :p

    @fullautotrading is going to rely on the old robinhood buying power flaw where every time you sold an option your buying power went up because you collected the premium.
     
    #345     Dec 2, 2022
  6. destriero

    destriero


    Protect yourself with SHORT PUTS?
     
    #346     Dec 2, 2022
  7. destriero

    destriero


    Impolite.
     
    #347     Dec 2, 2022
  8. If you had read the thread more attentively - instead of coming here only with the purpose to be of disturbance and attempting to defame someone who dared not to magnificate enough about your self-aggrandizing narcissist personality - you would have known, by now, that I have defined 3 protective structures so far.

    The "long legs" are the "currently losing" options. (The long red columns in the folio chart.)


    PS. There is no need to switch accounts: I know it's you.
     
    #348     Dec 2, 2022
  9. Well, thanks for the alternate spelling, at least we are making progress here :)
     
    #349     Dec 2, 2022
  10. destriero

    destriero

    You're in a 245 x 17 overwrite. That's insane. A 17 x 245 short backspread.

    I stopped looking at the sign of the vol bc all I saw was shorts. I assumed (incorrectly) that you were rebalancing in R/T with futures. Unless I missed it you're short 245 tiny puts against 17 long.
    Unreal.
     
    #350     Dec 2, 2022
    spy likes this.
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