Long-scalping equity options against time decay and market drift

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

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  1. I was hoping for some more volatility, but it seems the mkt has forgotten what it is :))
    My cat is getting bored :)

    upload_2023-7-19_14-29-9.png


    It's fine, as we still grab decay, but some corrections would help make more $$$ :), as you can see from the payoff chart below)

    upload_2023-7-19_14-11-32.png

    ES FUT 202309 CME 50 E-mini S&P 500 [ESU3, 497222760, mult: 50]

    Current situation (654K profit, 2MM init cap, 533.95 days elapsed, max DD < 5%, funds currently used: 41%):

    upload_2023-7-19_14-12-59.png

    Current options payoff scenario:

    upload_2023-7-19_14-14-6.png

    If you are also a bit bored with your trading algorithms, follow my other discussion about building up a new social medium, here on ET (chit-chat forum) :)

    https://www.elitetrader.com/et/thre...m-your-suggestions.375032/page-4#post-5836800
     
    Last edited: Jul 19, 2023
    #501     Jul 19, 2023
    Sekiyo and CALLumbus like this.
  2. #502     Jul 29, 2023
  3. #503     Jul 31, 2023
    earth_imperator likes this.
  4. #504     Aug 2, 2023
  5. upload_2023-8-3_12-37-42.png

    "Loading up". Note that what looks like a tiny "bump" in the PNL is already a 20K PNL decline :)

    upload_2023-8-3_12-36-43.png
     
    Last edited: Aug 3, 2023
    #505     Aug 3, 2023
  6. ES has recovered a bit, but it still seems to be headed down:

    upload_2023-8-7_23-29-45.png

    ES FUT 202309 CME 50 E-mini S&P 500 [ESU3, 497222760, mult: 50]

    PNL is currently around 652K, and the bot has loaded up a bit, reaching 53% of fund usage:

    upload_2023-8-7_23-31-6.png


    Current payoff scenario:

    upload_2023-8-7_23-32-1.png

    on the right "tail" we have currently 378.4K and the peak of the "mountain" before the "abyss" is 1.1M.

    (Recall that this payoff scenario is not static but obviously is "slides" with the underlying price)
     
    #506     Aug 7, 2023
  7. The market is going down. We are protected obviously by long legs as you can see from the previous posts in the payoff char (blue lines).

    Here is an example of scalping (2 months) on long-leg layer (price 160+):

    upload_2023-8-18_20-50-7.png
     
    #507     Aug 18, 2023
  8. destriero

    destriero


    You're risking 9:1. You have no answer for a crash scenario other than to disappear like you did last time and bc it's sim. What's your PhD in? Keno?
     
    #508     Aug 18, 2023
  9. destriero

    destriero


    Your terminal payoffs are absurd. WTF does that prove if we drop 10% next week? You'd be down $300K at 60 vol-line. minimum.

    See that tail? That's actually bad.

    You have no fcking edge.



    upload_2023-8-18_12-20-23.png
     
    #509     Aug 18, 2023
    qwerty11 likes this.
  10. So. Do you insist on your expressions of retardation?

    Do you understand the word "dynamic" payoff? A programmatically changing scenario, depending on the underlying?

    Of course, you don't. Because you do not even have the slightest idea what programming is and you reason in terms of idiotic "fixed" bets.

    Look, I am tired of giving free information and consulting to an arrogant and ignorant retard like you.

    Go study and learn programming before attempting to talk to me. Maybe in 30+ years, you will get it.

    I do not care if you think I have no edge. Continue to think so if it makes you feel better.

    As I said, you are less important than a fart to me. Really.

    I care only about the investors who are with me and their results.
     
    #510     Aug 18, 2023
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