skew locks

US equity index.

 

Could you show the trade, butterfly or something else?

 

it's a closed group for now.

 

Mods deleted all the stuff with M.W.?

 

No, you’re thinking of the tradestation thread.

 

Must supply collateral (nudes). I may open it to a few ppl in Q1.

 

I was about to post mine but on second thought figured it'd be wiser to just use dropbox.

 

Is it too much to ask for a basic definition of a skew lock? What is the purpose / strategy of a skew lock? What does it exploit to generate a profit?

Yeh, I tried to google it.

 

Eifert's Twitter thread is a solid explanation.

 

One of the guys traded an SPX SL into CPI (we all did) and it was an ~40 lot for $8K in buying power. I had it on (covered on CPI) but added from 80-110 lots and it stopped requiring BP after 100 or so.