The Beauty of Options - Portfolio Insurance at a Discount

Guys,before thinking Bobby has a clue,read what he wrote.Hopefully,I can enlighten him and lead him from the path of ignorance..

Here we go..

First off,you clearly dont know the difference between a long calendar and a short calendar..For some bizzare reason,you can't comprehend/visualize selling the spread

Secondly,I said you have a backspread and a calendar.Clearly above your option IQ.if you have a 1 x2 backspread on,and you roll the short out in time,what do you now have??? Yes,Bobby's secret sauce.. Of course you would have to know what Selling a Calendar meant..So Einstein,write down on a paper the legs of a simple backspread,then sell the calendar(close your shorts numnuts).Anyone following Sweetness should do the same,or be creative and break it down using other spreads..


If I had any clue that you were a total amateur,I would have broken the position down to a ratio diag,but I naively assumed the self proclaimed greatest trader could break down his own position..

Why don't you wire the money Dest gave you and I'll teach you how to break down your position so any idiot could get it..

Or we could make a nice friendly wager and spare me the agsony of teaching you

I

 

Riddle me this Sweet Dumb Bobby

You have the. Sep 100 -90. 1x2 backspread on

You sell the Sept Oct 100 calendar..

Whatcha got now???

Look familiar...

It should..its your strategy..

You are welcome

 

lol a short calendar is short the back, long the front. It’s still a calendar. When you buy a calendar... what do you call the spread your counter-party is holding?

What happens to a calendar when you diagonalize?

Oh and Bro, you can’t escape theta.

So how late were you up last night? Sobered up yet?

 

At this point this whole thread could have been closed down (Page 4 of fucking 37)

 

Booby, plz asplain how you had “zero theta” for the week and will have zero theta for the following week. Plz use relativistic analogies—you know what I mean. You’re a PhD!

Your friend,
Dest

 

Strictly speaking he had diagonals, not calendars.

 

lolbro, stop.

 

You can break it down in many ways/combos..

Sure,he had a ratio diagnol....

Now break down a diagnol for me so you intuitively understand what it is..

What are you long,what are you short?

Why choose a diagnol?

 

Listen Darling,

I don't roll anything you mf idiot!!! I know the difference between a long and short calendar. You need a good old country boy ass whooping!