Ive read your posts. You are out of your depth here. But it’s too much typing to correct you as others have already.
. Ok whatever. If it makes your ego feels better. As long as I can make $$. I really don't give a f*** about the rest.
You just figured out that spreads have limited upside and downside?? Flys are Expensive.?? Relative to what?? Numnuts,this thread is directed toward Des,and if you read one thread of his with an open mind you would have a clue to why I brought up butterflys .. Far worse is you are way off on almost every point,yet instead of being open and learning, you act like a dick.....
OK, so you spend hours voicing your opinion, were shown that you don't know what you're talking about, and now none of it matters as you're randomly making money here and there. Got it.
Yeah go obsessed with your "flies" and pretend to be some kind of option "gurus" just because you can show off some greek alphabets LOL. If you know all about options, you should be able to explain everything without using any technical jargons so everybody can understand. The only wannabes are the ones who know s*** and spew out some technical jargons to act big and play the victim when people call them out. Dest, like many have said here, with his so called "strategy" if he has one, as how it was presented, is going to be eaten alive with commissions and would be barely profitable. People want to try his strategy out that's their choice. To me, he's just another pathetic mouthy troll. Looks like you are the same. Anyway he's not even entertaining and is more annoying than tone-deaf idiots in a karaoke bar so I have him blocked and looks like I will be blocking @taowave soon as well. Anyway I answered OP's original question. I did my part.
Lol@ blocking Taowave..Is that a promise or the same threat?? What's with the commisions??? I'm guessing you are at IB. Check out TOS.... Keep in mind there are no victims,only volunteers..You opted to chime in on a thread titled "To Destriero'..You knew you had to bring your A game.....
lol there are no comms. Only reg and clearing fees. You would have had an ounce of cred if you'd stated the microstructure blows out or the NBBO is too wide to effect a fill w/o a huge edge loss, but you're harping on commissions. Say you're in an IRA and you have to trade covered but want to short a straddle. You buy garbage wings which now qualifies as LRO and acceptable inside an IRA. Just one of many practical applications of complex spreads. I can show anyone here asym-flies that are tighter than the shares. Structures aren't an edge. An asym-fly isn't even a fly, it's a synthetic condor, but you want to harp that somehow anyone is suggesting that structures are an edge. Forget structures and learn how to develop an edge bc it's obv to everyone here that you don't know what you're doing.
You lost all of us when you stated you "don't earn on vol when you are short volatility." The rest is just gravy.