Yeah, most are going that way. XT/XTR as there was a shortage of XX1 (SRAM) at the time of the build.
One of the gifted dudes in our chat is at York and is managing their entry into the investment club competition. I am not involved but found out after the comp started that the chat member had asked a fellow participant to set it up as, "Dest's Vol Group" but the guy misunderstood and set it up as "Dest's Ball Group."
Speaking of mega-yachts, have you seen this crazy thing? "Sailing Yacht A", 468 ft, Russian billionaire's 500 million toy. Keep trading those options, ETers!
Dest, please make the successor to this journal a book focused on flies (all variations)/vol? been studying the classics. 1. Riskarbs combo to fly conversion journal 2. Atticus’s ship it journal 3. Atticus single-name delta book 4. Dest single name vola journal Those 3 are certified platinum. You’re spraying flies daily in weeklies/monthlies in succession, with ease. The journals read like butter. but then you have the lesser-known underrated threads. 1. Post your vol trades here 2. Convexx stfu journal 3. Dest Everything journal 4. Atticus one/off 5. From 60k to 600k the convexx journals (stfu & hittin bids) we start to see more of the ever-so interesting asymmetrical flies, if I’m correct. and many a more. The streets need a new fly vol journal man! Be discreet as fook. Just show us how you spray butterflies in 2021. no I’m not worshipping desty. I’m just interested in his method. Stop hatin’ you dweebs. Cheers.
Deconstructing flies Naturals:`long (1)X, short (2)Y, Long (1)Z in calls or puts via verticals. Combos: long Y straddle; short X, Z strangle (synthetic or iron fly). 132 asyms: long (1)W, short (3)Y, long (2)Z with the bull vert at twice the strike-width of the bear vert. Call asyms and put asyms are equivalent, but for microstructure you'll typically trade whichever has more OTM legs. Synthetic asyms: the 132 asym is a one lot bull vertical (to buy) and two lot bear vertical. The box arbitrage dictates that bull(bear) call and put spreads trade equal, so you can construct the asym 132 (or any ratio) as OTM verticals. 132 asym fly in calls: long (1)100C, short (3)200C, long (2)250C. Dissected as a one lot 100/200C bull spread and two 200/250C bear spreads. Call and put verticals are equivalent (boxarb) so you can also trade the synthetic, via the combo, by shorting the 100/200PS and short two of the 200/250CS (call spreads). Flies are either verticals (naturals) or a combination of puts and calls (as in vertical vs. iron fly). You can see that the above synthetic asym would become an asym-synthetic (iron) condor if the center strike became a split-strike. We'll get into structuring later, but the choice of fly vs. condor will depend on skew, stickiness, etc.