Volente's Bar and Grill

Discussion in 'Chit Chat' started by volente_00, Oct 10, 2011.

  1. if volatility kicks back in to the downside, would you say it is generally better (more aggressive/more $ to be made, etc) to buy puts than to sell short calls?
     
    #6931     Mar 13, 2018
  2. I don't like buying options, if vix spikes then the juice is usually too much to cover buying them
     
    Last edited: Mar 14, 2018
    #6932     Mar 14, 2018
  3.  
    #6933     May 20, 2018
  4. The funny thing about money is you always feel like you need more
    even when you have enough,
    you never have enough
     
    #6934     Aug 5, 2018
  5. Not my case, it's all in the head.
     
    #6935     Aug 6, 2018
  6.  
    #6936     Aug 7, 2018
  7. Fear is like fire. If you make it work for you, then it can cook your food, keep you warm and give you light in the dark. But if you let it go out of control, it can burn your house down.
     
    #6937     Sep 9, 2018
  8. The sky is falling!!


    Since thatapus closed their thread I'll keep it going here


    Healthy gap fill from August on SPX and tagging bottom of the channel

    Shorted oct 280 spy puts for average of 1.99

    Once elections are over SPX will trade above 3050.

    Cover destro cover !!
     
  9. destriero

    destriero



    Voluptuous posts this "trade" at ESZ8 2843

    ES at 2792 when SPX cash closes.

    He takes another 20 point beating AH as ES is at 2772 as I type this.

    @volente_00 loses 71 points in less than four hours.

    SPY puts? 5.26 last trade. 65D, so they are worth 6.50-6.60 now. Dude marked to a loss of over a TRIPLE.

    GOOD CALL, BRO! I bet your phone is ringing off the hook with offers!
     
    Last edited: Oct 10, 2018 at 6:05 PM
  10. destriero

    destriero

    I shorted via SPX and SPY put diagonals at SPX 2888+. I netted the SPY diagonals via the call synthetic (tax-deferral) at 2836 basis SPX cash. I netted the SPY diagonals at a gain of +24.8%. I am up 30% on my SPX diagonals which remain open.

    2888 to 2765 (ES equivalent).

    https://www.elitetrader.com/et/threads/the-spx-has-hit-a-cyclical-top.325108/

    I took 50 points in heat but lowered my DCA on the diagonals. I am up well over 2X risk and Volente loses 3x the ATR in a day.

    Time for a new nick, Boss!