Long-scalping equity options against time decay and market drift

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

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  1. destriero

    destriero






    lol you're not trading SPX. You're "trading" the futures options yet telling your clients they must have a PM-account. Ironic considering you don't qualify for PM.

    Your chatroom has six members.
     
    #581     Aug 25, 2023
  2. destriero

    destriero

    You'd be inundated with piker clients trading sim?

    You're making a suitability argument but there is zero difference between a $2MM RegT and a $2MM PM account with respect to ES haircut.

    Your sht is ridiculous. You're trading sim for cashapp donations?

    upload_2023-8-25_15-53-48.png
     
    #582     Aug 25, 2023

  3. upload_2023-8-26_0-51-10.png

    Sorry, but retards at your level you will not be allowed to trade with my app even if they come with a 1B LOL :)

    Again, we really do not care what a brainless donkey like you thinks in his little bunch of useless neurons :)

    I am what I am, and you are just an anonymous (and cowardly) fart on the web :) LOL
     
    #583     Aug 25, 2023
  4. destriero

    destriero

    You teach math?

    "Profits will scale more than linearly with increasing fund sizes"
     
    #584     Aug 25, 2023
  5. destriero

    destriero


    Your last four screenshots all shows ES vol.


    upload_2023-8-25_15-57-32.png
     
    #585     Aug 25, 2023
  6. Overnight

    Overnight

    Had to go back to first or second page of journal to find it...

    "The general idea is that we continuously collect premium from an OTM (put) option [having as its underlying an instrument correlated with the general market].

    However, we use long scalps to protect against the possible adverse moves (the price of the option rising) and reduce the impact of DD.

    Even when doing the long scalps, we maintain, in any case, the overall short position of the option. There is a continuous rollover of this option. Like an infinite price curve that we ride forever. In essence, we give up some of the premium for some protection (and to recover some margins) in case of an adverse move.

    For each option, all the work is carried out locally on that option. There are no other instruments involved..."

    And those very first few screenshots you posted had just 1-2 layers, and now you're up to a hundred(s)? It seems like you keep scaling this thing up to the point where soon only people with 10 figures will be able to do this.

    What started with needing only a 10K account now needs millions. Quite depressing.
     
    #586     Aug 25, 2023
  7. #587     Aug 25, 2023
  8. destriero

    destriero


    RUOK?

    He's a dude asking for cashapp donations on the honor system and sending malicious front-end code to his fictional clients.

    He's shorting puts 13X over longs. He's run a debit balance if the market dropped 15%.

    You think that this dude has more than 300 Euro in his IBKR account? He runs a IBKR PM front end bc it's PM by default when trading sim.
     
    #588     Aug 25, 2023
  9. As I told you there are various components to the overall edge. The main factor is the algorithmic balance of the long/short position to collect the scalps. Some other sources are:

    -scalps short
    -scalps long
    -decay
    -stop-loss order recovery

    etc ...

    I can't follow effectively too many friends. And undercapitalized people it's more wise they use their $$$ for other things instead of trading.
     
    Last edited: Aug 25, 2023
    #589     Aug 25, 2023
  10. destriero

    destriero


    lol please!

    I am published and have done fellowships in biochem and oncology at UTA. p-gp inhibition with CCAs in chemoresistant tumor models. I had a full ride through undergrad, grad and a paid fellowship.

    upload_2023-8-25_16-8-7.png
     
    #590     Aug 25, 2023
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