x-section break-even (fwd date) is at a loss where spot is trading. QQQ was on the screen. Just an example, but skewed tickers make the point.
My current position is a small portion of the profits from earlier in the year, it's easy for me to go all-in on this trade - complete loss of risk-capital or million(s) and anywhere in between But to be very honest, after learning about the group of mstr options traders and their massive profits, it is tempting to start trading more aggressively shorter term options, and more frequently (instead of leaps I currently have and a single trade until sell to close next year) They have daily swings in the millions of $, with "Grain of Salt" that seems to have the biggest trades in the 9-figures (stocks and options) although majority might be in retirement account(s) But I am risk-averse, due to family concerns, I cannot take unnecessary risks, even after taxes I've made from mstr options more than 5 years my previous employment annual salary that is much more than enough and very thankful for the blessings... it's been a great year, and next year is looking very nicely as well if this bull market continues [$200k to $36M m2m below] [the most experienced, previous wall street trader] [the biggest trader in the group]
**** no financial advice, entertainment pose only **** Have I succumbed to the temptation? Citron announced a short position on mstr today... mstr appears to be hitting the ATM selling in size today... possible mstr convertible debt shorting hedge today (60 delta?), it closes today All of the above may push the price of mstr too much to the downside presenting a buying opportunity for "discounted" call options -------------------------------------- Possible positive catalyst for next week: Nasdaq-100 inclusion of mstr by next week, and subsequent front-running afterwards as determined by the rank mstr will possibly announce a big buy of bitcoin next week, funds from ATM selling and convertible debt sale mstr does not do any ATM selling next week, ahead of Thanksgiving holiday, and celebration of bitcoin $100k and to get a higher-ranking on the Nasdaq-100 The risk-reward for a small bet short term ootm call options, not weeklies of course, is a good asymmetric risk-reward trade I've put a trade [No changes whatsoever to the existing call options to be closed out 2nd half of next year]
Is this a joke thing or what? Citron made a bulletin after getting their ass spanked on the GME short episode. Didn't they specifically state they were no longer going to be involved in the short-side of the business anymore?
Sure, Jan 2025 call 600 Should be enough time to get the eoy rally, first 2 weeks Jan effect... but most importantly, the Nasdaq-100 lots and lots of funds invest in the Nasdaq-100
Hey Poops this looks like the short asym fly you were talking about in another thread. I had a play around with a payoff diagram and there wasn't much difference in this and a bear put spread. The ps had a slightly higher loss and lower win but the sloope was near identical?
I don't discuss my triggers for the RR-fly but you want two legs above ATM (in the synthetic). Sacrificing ddrift for less tail risk (against RR delta position). More drift, better risk. You will lose a bit more locally but you get batter tail characteristics (into both tails).
So just pin the max terminal loss ATM at inception. Carry the RR-fly maturity beyond the primary position. Strike selection takes more time.
**** not financial advice **** Increased my Jan/2025 calls position. I think this Nasdaq-100 inclusion will happen this Friday