The Beauty of Options - Portfolio Insurance at a Discount

Fixed, good work Bobby.

I apologize for calling you out as a fraud. He's trading on $36K. He stated he had no problem reporting that figure.

The theta nets to the $300 figure (net of his income stuff).

Just asked if he's up for the year.

 

He's down a bit on the year. Bobby has won the bet. He's going to PM me his PP address.

 

@Sweet Bobby , congrats man. Now that everyone is in peace, could you also mediate that dest unblocks me? I have to learn alot of things from this guy

 

This thread had it all. Challenge made, challenge accepted, video confrontations, bets being paid.

 

lol now, does anyone want to bet against me being up $3.2MM on the year? I am gonna require more than $1K on that wager. Anyone willing to help me get my monies back?

$10K?

 

Hello All,

Today was interesting to say the least. Several of you participated in the Zoom call, and the exchanges were very civil. This is the great part of what we can do to encourage each other. Des and I are at peace, and he graciously paid the $1,000. I should work harder to be an encourager rather than a hindrance. Hopefully today was a good example of us working to promote the common good.

Peace, and happy trading!

Sweet Bobby

 

Exactly! It had more than an episode of 90 Day Fiance!!!!! Amazing!!!!

 

Sorry to break up the love fest,but how on earth are you down for the year???

You caught the perfect storm and were backspread bare minimum 1.6 to 1 with strikes 2 percent wide..

You state you were not trading like Karen..Not trying to bust your balls,but woukd you be kind enough to tell us what is really going on??

I personally wouldnt do what you are doing,but it appears several posters are very interested..

 

For clarification, the new partnership account is down a bit of realized money on the year. The other account that traded the same way is up 208% on the year. The little correction in February and March 2020 proved that the diagonal version of the hedge would work. I thought it would from my modeling, but until you see it in real life you sometimes have doubts.

The first plunge popped it up to 117%. Then I got out of all the hedges and put a few back on, and that's when the account went up to 208%. Interestingly, I never had an opportunity to get filled on any of my replacement long puts, so everything was entered in a diagonal manner.