No. He’s probably referring to a deep vertical spread in 0DTE. You’ll see movement in the 0DTE vertical but not anything approaching 10%. Yes, he’s always been FOS. He also backed Karen Bruton during the fraud.
could you give an example of what "its" trade might have been - since he did apparently do it? wonder why so many people there and no one knows what the trade actually was?
I do not know what strategy Tom traded. The article claims qoute*/-kicks thing off by selling two S P 500 futures options. Within 17 minutes, he closes the position for a modest gain to a round of applause./* But am no option expert. If the article not is tue. Then blame the jounalist. That apart all broker/banks have had bad cases. But, everyone should know people in genral are full of it. So if they Tasty did not included comission/or showed it on their trade tv etc. Or hidded their gain/Losses. Something is probely of But again some of US daytrading brokers has youtuber on their websites etc. But Karen was a bit extraordinary. In EU they outlawed brokers to have Model Portfolios, that the costumer could follow. Because in some regions of EU retail trader ended up as big bagholder of small cap stocks. That moved a lot after the borker s model portfolio brought them. They also forgot to include tax. Because as they said we all pay a driffent rate. Privat, coporate, threshold etc.
The guy proposes 10% on req (margin, debit, whatever) so if he's suggesting futures or naked short vol it's simply fraud. I'm thinking a 50 bps wide index vertical struck at 40D. Traded Friday's close for Monday exp. It's going to open with 10% gain on a flat open in index. So what?
I do not know what Tom made a 10% gain on. You are the option expert here. But qoute/* a modest gain*/ probely not on the account. He sold 2 option and brought them back after 17minutes. Facts accourding to the article. 10% on margin! 10% on risk! 10% on credit maybe buy back 10% cheaper! I do not know. Tell us. Karen was a fraud and so what. She looked as a nice and sweet grandmam Maybe his is a bad/good trader. Anyway then he was smart than many others to start a broker. What do one trade in trade show means anyway, if he is making 20-100 trades in his Tasty TV trade freak show, that are an advertisment for a broker. And people read an article, that they not can understand.
Tasty Trade put her on their summer Geeks on Parade tour AFTER she was proven a fraud. For weekend reading: