How many puts / underlying notional were you short on a 50k account? And how much was the market up during the 4 month period you gained 40 percent??
Thats the whole point,and its still hard to believe you put up the numbers you claim..40 percent on 10 delta options doesnt make you 40% in 4 months.You would have to sell apx 30% vol and keep rolling it at apx 30 vol.Selling higher deltas obviously helps your cause.. Obviously the market rallied and somehow you still sold really rich vol in a contracting vol market.. No offense,but your numbers are really hard to digest
For criticizing a guy who professionally made markets in options you sure are happy to take OPs bogus 77% number at face value...
Predictably, there are many who doubt the story. I didn't start this thread to brag, just to ask for tips. Here we are. As you can see almost all the trades are short put in ES. There are a few short call trades and some futures, but the overall effect of those is minimal
Why not? What matters is how many you sell.. Obviously he was taking WAAAY to much risk on his account. In a year like 2019 where SP500 ends up like 30 %, it does not take a genius to make crazy returns. But this is taking huge risk. He could only sell 1 ES option on his 50k account and even that is stretching it. He sold like 8 options… So he was selling options on 1 mio notional with 50k account.. How stupid is that is beyond commenting, but yeah, can be done in only up up up years.. But I dont see how he could survive feb or dec crash of 2018. Only if he sold less back then, because with VIX spiking and SP nosediving having 50k and selling 8 ES contracts surely puts (no pun intended) you out of business..